Under the ISO Program,a Mobile Home Can Be Insured by

question 45

Multiple Choice

Under the ISO program,a mobile home can be insured by

• A)adding the appropriate endorsement to the ISO personal auto insurance policy.
• B)using an ISO floater policy.
• C)adding the appropriate endorsement to an ISO Homeowner 2 or Homeowners 3 form.
• D)using an ISO inland marine form.

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Definitions:

Margin of Safety Percentage

The ratio that indicates how much sales can decline before a business reaches its break-even point.

Total Sales

The aggregate revenue generated from all goods and services sold by a company within a specific period.

Contribution Margin

The amount by which sales revenue exceeds variable costs of production, used to cover fixed costs and generate profit.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, indicative of its profitability.