A Coinsurance Provision Requires That a Property Be Insured for at Least

question 1

Multiple Choice

A coinsurance provision requires that a property be insured for at least ____ percent of its value.

• A)60
• B)70
• C)80
• D)90

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Definitions:

Regulate

To control or maintain the rate or speed of a process or system according to a set of standards or requirements.

Vertebrates

A group of animals that have a backbone or spinal column, including mammals, birds, reptiles, amphibians, and fish.

Placoid Scales

The toothlike scales found in sharks and other cartilaginous fishes.

Cartilaginous Fishes

A class of fishes that have skeletons made entirely out of cartilage, rather than bone.