This Insurance Policy Provides Businesses Coverage on a Blanket, Replacement-Cost

question 29

Multiple Choice

This insurance policy provides businesses coverage on a blanket, replacement-cost basis without a coinsurance provision to sufficiently large accounts.The program also provides options to value property at actual cash value, agreed value, or (for buildings) functional replacement cost.Under the program, "Business income and extra expense coverages are written into the form and can be activated by entries on the policy declaration page." Identify this insurance policy.

• A)Inland marine insurance
• B)Business owners program
• C)Oceans marine insurance
• D)Capital asset program
• E)Commercial aviation program

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Definitions:

Past Participle

A grammatical form of a verb used to indicate a past or completed action or condition, often ending in -ed or -en in English.

Rare Plant Species

Plant species that are uncommon or scarce in their natural habitat, often due to environmental changes or human activities.

Human Needs

Fundamental requirements necessary for individuals to sustain a healthy and adequate life, including physiological, safety, love/belonging, esteem, and self-actualization needs.

Correct Helping Verb

A verb that helps another verb to express tense, mood, or voice, and must agree in number and person with the main verb.