A Named-Perils Policy Usually Requires a Higher Premium Than an Open-Perils

question 39

True/False

A named-perils policy usually requires a higher premium than an open-perils policy.

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Definitions:

Specific Firm

Refers to a particular company or business entity mentioned or focused upon in a discussion.

Intelligent Enterprise

A business that leverages the latest technologies and data insights to improve decision-making, operations, and customer experiences.

Data Technology

The use of technologies and techniques to acquire, store, process, and analyze data for the purpose of generating information to support decision-making.

Analytics

The systematic computational analysis of data or statistics to uncover patterns, trends, and insights for decision-making.