Which of the Following Statements About Problems Arising from the Use

question 45

Multiple Choice

Which of the following statements about problems arising from the use of a coinsurance clause is (are) true?
I.The amount of insurance should be periodically evaluated to avoid a coinsurance penalty because of inflation.
II.An agreed value coverage option is one method used to solve the problem of values that fluctuate throughout the policy term.

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

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Definitions:

McKinley's Victory

Refers to the election win of William McKinley in the 1896 United States presidential election, which was significant for its emphasis on economic issues.

Pullman Strike

A nationwide railroad strike in the United States in 1894, triggered by wage reductions at the Pullman Company and leading to a significant labor conflict.

National Rail Service

A network of trains operated by one or more companies, providing nationwide train transportation in a specific country.

Eugene V. Debs

An American socialist, political activist, and trade unionist, known for his role in founding the Industrial Workers of the World and for running unsuccessfully for U.S. president five times as a candidate of the Socialist Party.