Match the Descriptions with Their Terms

Multiple Choice

Match the descriptions with their terms:
-The clause that states what the insurer agrees to do and the major conditions under which it agrees is called the _________________.

A) Actual cash value
B) Aggregate dollar limits
C) coinsurance
D) disappearing deductible
E) franchise deductible
F) insuring agreement
G) mortgagee
H) mortgagee clause
I) named insured
J) named peril
K) open-perils agreement
L) pro-rata clause
M) pure premium
N) replacement cost
O) Specific dollar limits