Which of the Following Statements Describes How Losses Will Be

question 27

Multiple Choice

Which of the following statements describes how losses will be settled if a property insurance policy is written on a replacement cost basis?

• A)Losses are settled without the applicable deductible.
• B)Losses are settled without a deduction for depreciation.
• C)The insurer must replace the damaged or destroyed property in lieu of a cash settlement.
• D)The policy is converted to a valued policy.

---

Definitions:

Base Type

The fundamental data type from which a derived type is created in programming, typically primitive types like int, float, or char.

ArrayList

A resizable array implementation in Java, part of the Collections Framework, providing dynamic array capabilities.

Hold 25 Integers

An array or data structure with the capacity to store twenty-five integer values.

ArrayList

A resizable array implementation of the List interface in Java, providing methods to manipulate the size of the array that holds elements.