Multiple Choice
Which one of the following explains the effect of a co-insurance clause?
A) A co-insurance clause provides for more than one person paying the premium.
B) A co-insurance clause provides for the insurance claim to be split between two or more beneficiaries.
C) A co-insurance clause provides for the insured to assume part of the responsibility for any loss.
D) A co-insurance clause provides for several different properties being insured under the same policy.
E) A co-insurance clause provides for the insurance company arranging their own insurance on a large policy.
Correct Answer:
Verified
Correct Answer:
Verified
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