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Match the Descriptions with Their Terms

Question 8

Multiple Choice

Match the descriptions with their terms:
-When a/an _________________ is used, the size of the deductible decreases as the size of the loss increases.


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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