Identifying in an Insurance Policy the Specific Perils Covered Is

question 55

Multiple Choice

Identifying in an insurance policy the specific perils covered is a(n) _____ approach.

• A) no-risk
• B) named-peril
• C) coinsurance
• D) all-risk

---

Definitions:

Hybrid Models

Refers to systems or approaches that incorporate elements from two or more different models, methodologies, or technologies.

Social Entrepreneurship

The practice of developing, funding, and implementing solutions to social, cultural, or environmental issues.

Microloans

Small loans offered to people with little to no credit history or collateral, typically aimed at enabling entrepreneurship or self-employment in developing countries.

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.