Match the descriptions with their terms:
-The _________________ cause of loss covers all direct physical losses except those that are excluded; its new name is "open perils."
A) agreed amount clause
B) Basic form
C) Boiler and machinery insurance
D) broad form
E) Business income
F) consequential damage endorsement
G) consequential losses
H) Contracts without time element
I) extended-period-of-indemnity endorsement
J) maximum period of indemnity
K) scheduled coverage
L) special form
M) Time-element contracts
Correct Answer:
Verified
Q22: Match the descriptions with their terms:
-_ are
Q23: Match the descriptions with their terms:
-The _
Q24: Match the descriptions with their terms:
-_ covers
Q25: Match the descriptions with their terms:
-_ is
Q26: Match the descriptions with their terms:
-The _
Q28: Match the descriptions with their terms:
-The _
Q29: Match the descriptions with their terms:
-A/An _
Q30: The basic characteristics of a consequential loss
Q31: If a consequential loss involves lost profits
Q32: An insured can avoid a coinsurance penalty
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