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    Essentials of Business Law and the Legal Environment Study Set 1
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    Exam 47: Introduction to Property, Property Insurance, Bailments, and Documents of Title
  5. Question
    A Type of Insurance in Which the Insured and the Insurer
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A Type of Insurance in Which the Insured and the Insurer

Question 77

Question 77

Multiple Choice

A type of insurance in which the insured and the insurer share a risk of loss due to fire is:


A) reinsurance.
B) co-insurance.
C) non-forfeiture insurance.
D) no-fault insurance.

Correct Answer:

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