The Requirement That an Insured Would Suffer a Loss in the Absence

question 7

Multiple Choice

The requirement that an insured would suffer a loss in the absence of insurance if the insured property is damaged or destroyed is the requirement of:

• A) indemnification
• B) reinsurance
• C) insurable interest
• D) beneficiary interest
• E) coinsurance

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Definitions:

Antipsychotic Medications

Drugs used to manage psychosis, including hallucinations and delusions, particularly in conditions such as schizophrenia and bipolar disorder.

Side Effect

A secondary, typically undesirable effect of a drug or medical treatment.

Hypersexuality

An excessive preoccupation with sexual fantasies, urges, or behaviors that is distressing or interferes with everyday functioning.

Dry Mouth

A condition also known as xerostomia, characterized by a lack of saliva production that can lead to discomfort and increased risk of dental and oral health issues.