If the Insured Chooses This Basis of Property Insurance Payment

question 38

Multiple Choice

If the insured chooses this basis of property insurance payment in building and personal property coverage form, then the provision 7 valuation of section E, loss conditions, applies.Identify this basis of payment.

• A)Replacement cost new
• B)Virtual replacement cost
• C)Actual cash value
• D)Forecasted cash value
• E)Extended replacement cost

---

Definitions:

Imipramine

A tricyclic antidepressant medication used primarily to treat major depression and enuresis (bedwetting).

Tricyclic Antidepressant

A class of medications used primarily to treat depression, characterized by their three-ring chemical structure.

Circadian Rhythms

Physical, mental, and behavioral changes that follow a 24-hour cycle, responding primarily to light and darkness in an organism's environment.

Major Depressive Disorder

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.