In an Automobile Insurance Policy, the Only Limit of Liability

question 66

Multiple Choice

In an automobile insurance policy, the only limit of liability that you are concerned with in this case is the aggregate limit.Once all losses equal this limit, you will have to bear the burden of any further liability.Identify this limit of liability.

• A)Double limit of liability
• B)Split limit of liability
• C)Tort limit of liability
• D)Multiple limit of liability
• E)Single limit of liability

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Definitions:

Real GDP Per Person

A measure of the economic output of a country per individual adjusted for inflation, reflecting the average living standards.

Productivity

The measure of output per unit of input, reflecting the efficiency with which factors of production are utilized.

Productivity

A measure of the efficiency of production, often expressed as the ratio of outputs to inputs in the production process.

Real GDP Per Person

An economic metric that measures the value of all goods and services produced within a country in a specified period, adjusted for inflation and divided by the population.