Which of the Following Statements About an Excess Insurance Plan

question 2

Multiple Choice

Which of the following statements about an excess insurance plan is true?

• A)The insurer does not participate in a loss until it exceeds the amount the firm has decided to retain.
• B)The insurer pays first up to some specified level; the insured then pays all losses exceeding the insurer's retention level.
• C)Losses in excess of a specified amount are not covered.
• D)The insured and insurer share equally in any loss that occurs.

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Definitions:

Healthy Diet

Eating patterns that include a variety of nutritious foods in the right quantities to maintain health, vitality, and overall wellbeing.

Whole Grains

Foods that contain all the essential parts and naturally-occurring nutrients of the entire grain seed, such as wheat, rice, oats, and barley.

Sugary Foods

Foods high in sugar content, which can contribute to various health issues when consumed in excess.

Obesity

A medical condition characterized by excessive body fat that presents a risk to health.