The Amount an Insurer Charges Per $100 of Exposed Property

question 53

Multiple Choice

The amount an insurer charges per $100 of exposed property value is called the:

• A) rate
• B) premium
• C) expense ratio
• D) funding ratio

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Definitions:

Dedicant

A person who dedicates something, particularly in a religious or spiritual context, such as dedicating a temple or oneself to a deity.

Bent-Axis Plan

A plan that incorporates two or more angular changes of direction, characteristic of Sumerian architecture.

City-State

An independent, self-governing city.

Sumerians

An ancient civilization that developed in Mesopotamia (modern-day Iraq) around 4500 BCE, known for creating one of the world's first writing systems, cuneiform.