Multiple Choice
Match the descriptions with their terms:
-_________________ restrict payments to some maximum amount on any one definite item of property.
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
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Match the descriptions with their terms:<br>-The person
Q25: Match the descriptions with their terms:<br>-_ means
Q26: The contents of a building are included
Q27: All insurance contracts may be canceled at
Q28: Black has three policies from three companies
Q30: The cancellation clause gives the insurer the
Q31: Match the descriptions with their terms:<br>-A/An _
Q32: Stoller has a building worth $100,000 and
Q33: If Vazques has a $50 straight deductible
Q34: In property insurance, the purpose of coinsurance