[Solved] Identify the correct statement about deductibles and its types. A)It requires you to carry an amount of insurance equal to a specified percentage of the value of the property if you wish to be paid the amount of loss you incur in full. B)The low frequency and high severity nature of most direct property losses makes deductibles particularly important. C)The straight deductible is a modification of the disappearing deductible. D)Deductibles help maintain reasonable premiums because they eliminate administrative expenses of the low-value, common losses. E)Because it invites moral hazard, a franchise deductible is appropriate only when the insured is able to influence or control the amount of loss. Direct Fitness: The genetic contribution an individual makes to the next generation through its own offspring. Polyandry: A mating system where a female has multiple male partners over a breeding season, uncommon among mammals but observed in some species. Eusocial Group: A hierarchical social structure seen in certain animals, like naked mole rats and bees, characterized by cooperative care of offspring and division of labor. Monogamous: Pertaining to a mating system or relationship in which an individual has only one partner during their lifetime or at any one time.