Which of the Following Statements About a Calendar-Year Deductible Is

question 40

Multiple Choice

Which of the following statements about a calendar-year deductible is (are) true?
I.It requires the insured to pay a specified amount of each claim regardless of when the claim occurs during the year and regardless of any previous claims during the year.
II.It is used only in policies which cover direct property losses.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Group-Based Work Techniques

Strategies that utilize the dynamics of a group to accomplish tasks more effectively and efficiently than individual efforts alone.

Enhancing Communication

The process of improving the exchange of information between individuals or groups through various techniques and technologies.

Increasing Synergy

Efforts to enhance the cooperative interaction among groups or individuals that results in a greater combined effect than the sum of their separate effects.

Terse Statements

Concise or brief statements that communicate information or instructions in a few words.