Which of the Following Characterizes a Coinsurance Clause with Regard

question 63

Multiple Choice

Which of the following characterizes a coinsurance clause with regard to property insurance?

• A)It prohibits the insured from obtaining an amount of insurance which would be less than the coinsurance percentage multiplied by the fair market value of the property.
• B)It encourages the insured to be more careful in preventing losses since the insured is always at least partially at risk when a loss occurs.
• C)It permits the insured to receive an amount in excess of the policy amount when there has been a total loss and the insured carried the required coverage under the coinsurance clause.
• D)It will result in the insured sharing in partial losses when the insured has failed to carry the required coverage under the coinsurance clause.

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Definitions:

Product Ratio

Refers to the proportion of different products formed in a chemical reaction.

Unpaired Electrons

Electrons in an atom or molecule that are not partnered with another electron in a shared orbit.

Light-Promoted Reaction

Light-promoted reactions are chemical reactions that proceed in the presence of light, often leading to the activation of molecules through energy absorption.

Bromine

A halogen element with the symbol Br and atomic number 35, known for its red-brown color and use in flame retardants and other chemicals.