What Type of Personal Liability Coverage Is Also Called a Personal

question 83

Multiple Choice

What type of personal liability coverage is also called a personal catastrophe policy?

• A)Umbrella policy
• B)Personal property floater
• C)Coinsurance floater
• D)Assigned risk clause
• E)Medical payments coverage

---

Definitions:

Labor Curve

A graphical representation showing the relationship between the quantity of labor supplied and the wage rate.

Diminishing Returns

A principle stating that the addition of more of one factor of production, holding all else constant, will at some point yield lower incremental per-unit returns.

Marginal Product

The additional output resulting from the use of one more unit of a variable input, holding other inputs constant.

Cookie Production

The process of baking cookies, which involves mixing ingredients according to a recipe, shaping, and then heating them in an oven until done.