Which of the Following Is True of Coinsurance

question 4

Multiple Choice

Which of the following is true of coinsurance?

• A)It is rarely found in property insurance policies.
• B)It allows the insured to pay an extra premium initially in exchange for a guaranteed option to buy more insurance at certain specified times later.
• C)It excuses the insured from paying premiums if he or she becomes disabled.
• D)It is a provision under which the insurer and the insured share costs,after the deductible is met,according to a specific formula.

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Definitions:

Normal Distribution

A statistical function that represents the distribution of many types of data; most values are concentrated around the mean, forming a bell-shaped curve.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values around the mean of the data.

Independent Variable

The experimental or control conditions in an experiment.

Psychology Midterm

An examination that typically occurs in the middle of an academic term or semester, assessing students' knowledge and understanding of psychological concepts.