Which of the Following Statements About a Calendar-Year Deductible Is

question 40

Multiple Choice

Which of the following statements about a calendar-year deductible is (are) true?
I.It requires the insured to pay a specified amount of each claim regardless of when the claim occurs during the year and regardless of any previous claims during the year.
II.It is used only in policies which cover direct property losses.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Levels of Analysis

A framework used in various fields to examine issues from different standpoints, such as individual, group, or societal.

Personality Traits

Enduring characteristics or qualities that determine an individual's behavior, thoughts, and emotions, shaping their overall personality.

Reciprocal Determinism

A concept in psychology proposed by Albert Bandura that suggests an individual's behavior both influences and is influenced by personal factors and the social environment.

Reciprocal Determinism

A concept in social cognitive theory stating that a person's behavior, personal factors, and the environment continually interact and influence each other.