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Match the Descriptions with Their Terms

Question 7

Multiple Choice

Match the descriptions with their terms:
-The _________________ protects the interest of the lending institution when a loan is made on a building.


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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