A Provision in an Insurance Policy in Which an Initial

question 36

Multiple Choice

A provision in an insurance policy in which an initial amount of loss is not covered by the policy and must be paid by the insured is known as a:

• A)security deposit.
• B)market imperfection.
• C)policy limit.
• D)deductible.
• E)loss premium.

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Definitions:

Professional Baseball

A professional sport played by teams in leagues, notably in the United States and Japan, where it is considered a major part of the sports culture.

Long-Term Memory

A type of memory responsible for the storage of information over an extended period, ranging from a few days to decades.

Unlimited

Not restricted or constrained; having no boundaries or limits.

Capacity

Refers to the maximum amount that something can contain or produce, or the ability to perform a particular task or function.