In a Business Income Coverage Policy, the _____ Option Negates

question 47

Short Answer

In a business income coverage policy, the _____ option negates the coinsurance provision.This option limits the duration of coverage to 120 days or until the limit is reached, whichever comes first.

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Definitions:

Return on Equity

A measure of a corporation’s profitability that reveals how much profit a company generates with the money shareholders have invested.

Price-Earnings Ratio

A metric assessing the relationship between a company's stock price and its earnings on a per-share basis, useful in judging whether a stock is undervalued or overvalued.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, representing the portion of sales that turns into profits.

Market Price Per Share

refers to the current price at which a single share of a company's stock is being traded on the open market.