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Match the Descriptions with Their Terms

Question 35

Multiple Choice

Match the descriptions with their terms:
-Insurance that restores a loss without regard to depreciation is coverage on a/an _________________ basis.


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:

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