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:

Verified
Correct Answer:
Verified
Q3: Match the descriptions with their terms:<br>-The person
Q4: Inflation could cause an insured to suffer
Q5: Match the descriptions with their terms:<br>-In property
Q6: Jane Smith insures her $30,000 house as
Q7: Match the descriptions with their terms:<br>-The _
Q9: Insurance contracts exclude certain perils only because
Q10: Under the mortgagee clause the actions of
Q11: Match the descriptions with their terms:<br>-_ restrict
Q12: An insured has a building with an
Q13: Match the descriptions with their terms:<br>-The part