Match the descriptions with their terms:
-The part of the premium that is designed to cover the expected losses due to covered perils is 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
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 _
Q36: Match the descriptions with their terms:
-The person
Q37: Match the descriptions with their terms:
-When a/an
Q38: Match the descriptions with their terms:
-In health
Q39: Match the descriptions with their terms:
-In property
Q40: An insured has a building with an
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