Multiple Choice
The maximum amount that the insurer agrees to pay in case of a loss is known as the .
A) face
B) insurable risk
C) premium
D) policy
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: A "binder" on an insurance policy is
Q2: The danger of a loss of, or
Q4: A creditor has insurable interest in the
Q5: Which of the following best defines concealment?<br>A)It
Q6: Which of the following best defines subrogation?
Q7: A minor may disaffirm an insurance contract,
Q8: Give some examples of an insurable interest
Q9: Which of the following best defines insurance?
Q10: To contract for a policy of insurance,
Q11: An insurer is a party who purchases