Match the descriptions with their terms:
-The clause that states what the insurer agrees to do and the major conditions under which it agrees is called the _________________.
A) Actual cash value
B) Aggregate dollar limits
C) coinsurance
D) disappearing deductible
E) franchise deductible
F) insuring agreement
G) mortgagee
H) mortgagee clause
I) named insured
J) named peril
K) open-perils agreement
L) pro-rata clause
M) pure premium
N) replacement cost
O) Specific dollar limits
Correct Answer:
Verified
Q20: It is necessary for insurance contracts to
Q21: In case of loss, the insured has
Q22: An insured usually must provide a formal
Q23: Under an appraisal clause, an impartial umpire
Q24: An assignment is the transfer of the
Q26: Match the descriptions with their terms:
-A/An _
Q27: Match the descriptions with their terms:
-A/An _
Q28: Match the descriptions with their terms:
-The person
Q29: Match the descriptions with their terms:
-A/An _
Q30: Match the descriptions with their terms:
-_ restrict
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