Multiple Choice
ABC Insurance retains the first $1 million of each property damage loss and purchases reinsurance for that part of any property loss that exceeds $1 million.The insurance for property losses above $1 million is called
A) excess insurance.
B) liability insurance.
C) coinsurance.
D) primary insurance.
Correct Answer:
Verified
Correct Answer:
Verified
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Q6: Which of the following statements about the
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