Identify the Type of Deductible That Requires Payment for All

question 25

Multiple Choice

Identify the type of deductible that requires payment for all losses less than a specified dollar amount.

• A)Vanishing deductible
• B)Straight deductible
• C)Disappearing deductible
• D)Waived deductible
• E)Franchise deductible

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Definitions:

Values

Numerical quantities assigned to variables or outcomes in mathematical expressions, calculations, or measurements.

Simplified Expression

An algebraic expression that has been reduced to its simplest form, making it easier to interpret or solve.

Algebraic Expression

A sequence in math that features common numerals, symbols like x or y, and mathematical actions including plus, minus, times, and divided by.

Simplified Expression

An expression that has been reduced to its simplest form, combining like terms and applying mathematical operations where possible.