Match the descriptions with their terms:
-A/An _________________ is a deductible expressed as a percentage of value or a dollar amount under which the insurer has no liability unless the loss exceeds the amount stated.
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
Q24: An assignment is the transfer of the
Q25: Match the descriptions with their terms:
-The clause
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
Q30: Match the descriptions with their terms:
-_ restrict
Q31: Match the descriptions with their terms:
-_ restrict
Q32: Match the descriptions with their terms:
-_ means
Q33: Match the descriptions with their terms:
-Insurance that
Q34: Match the descriptions with their terms:
-The _
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