Match the Descriptions with Their Terms

Multiple Choice

Match the descriptions with their terms:
-The part of the premium that is designed to cover the expected losses due to covered perils is 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