A Provision of an Insurance Policy That Is Purchased Separately

question 197

Multiple Choice

A provision of an insurance policy that is purchased separately from the basic policy and that provides additional benefits at additional costs called a(n)

• A)binder.
• B)insuring agreement.
• C)endorsement.
• D)rider.

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Definitions:

Subduction Zone

A tectonic plate boundary where one plate moves under another and is forced into the mantle, typically creating earthquakes and volcanic activity.

Earthquake Risk

Earthquake risk refers to the probability of earthquakes occurring in a region and the potential damage they can cause to life, property, and the environment.

Modified Mercalli Intensity

A scale for measuring the intensity of an earthquake based on its observed effects on people, buildings, and the Earth's surface.

Richter Magnitude

The Richter magnitude scale is a numeric scale used to express the energy released by an earthquake, with each whole number representing a tenfold increase in measured amplitude.