What Type of Clause in an Insurance Policy States That

question 92

Multiple Choice

What type of clause in an insurance policy states that the insurer will pay for a covered loss only to the extent that it exceeds a certain stated amount that the insured pays toward that loss?

• A) indemnity clause
• B) coinsurance clause
• C) endorsement clause
• D) deductible clause
• E) subrogation clause

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Definitions:

Schemas

Cognitive frameworks or structures that help individuals organize and interpret information based on their experiences.

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group.

Self-fulfilling Prophecies

Predictions that directly or indirectly cause themselves to become true, due to positive feedback between belief and behavior.

Actor-observer Bias

A cognitive bias where individuals attribute their own actions to external factors, while they attribute others' actions to internal traits or characteristics.