Which One of the Following Explains the Effect of a Co-Insurance

question 103

Multiple Choice

Which one of the following explains the effect of a co-insurance clause?

• A) A co-insurance clause provides for more than one person paying the premium.
• B) A co-insurance clause provides for the insurance claim to be split between two or more beneficiaries.
• C) A co-insurance clause provides for the insured to assume part of the responsibility for any loss.
• D) A co-insurance clause provides for several different properties being insured under the same policy.
• E) A co-insurance clause provides for the insurance company arranging their own insurance on a large policy.

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Definitions:

Single-parent Families

Family units comprised of one parent raising one or more children, which can present unique challenges and dynamics.

Sibling Intimacy

The closeness, trust, and emotional connection that exists between siblings, which can influence social development and psychological well-being.

Opposite Sexes

Refers to the two main categories of sex, male and female, based on biological differences.

Age Difference

The gap or difference in years between the ages of two or more individuals.