The Amount Any Agent Will Have to Pay in the Event

question 5

True/False

The amount any agent will have to pay in the event that the situation being covered by the insurance company occurs is called the co-insurance (deductible).

---

Definitions:

Manufacturing

The process of converting raw materials or components into finished goods through the use of tools, human labor, machinery, and chemical processing.

Export

The sale and shipping of goods or services from one country to another.

Import

The act of bringing goods or services into a country from abroad for sale.

Zero-Sum Game

A situation in game theory where one participant's gain or loss is exactly balanced by the losses or gains of the other participants.