Match the Descriptions with Their Terms

Multiple Choice

Match the descriptions with their terms:
-A/An _________________ is a deductible expressed as a percentage of value or a dollar amount under which the insurer has no liability unless the loss exceeds the amount stated.

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