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Match the Descriptions with Their Terms

Question 27

Multiple Choice

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:

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