Multiple Choice
How does a deductible affect the amount an insurance company must pay?
A) not at all; the deductible is a matter between two insureds
B) the insurance company pays the loss less the deductible
C) the amount of the deductible is added to the loss amount
D) the deductible is added to the annual cost of premiums
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A general description is sufficient for establishing
Q3: A property insurance policy which states just
Q4: Which of the following is a double
Q5: Which of the following is covered under
Q6: Life insurance is a contract by which
Q7: Scorching and searing from a friendly fire
Q8: Floating policies are used to cover circus
Q9: A contract of property insurance is one
Q10: Collision occurs when the colliding object consists
Q11: If the insured dies with an endowment