An Increase in the Amount of the Deductible Will __________

question 26

Multiple Choice

An increase in the amount of the deductible will __________. ​

• A)increase the insurance coverage
• B)decrease the replacement cost of the insured property
• C)decrease the amount of insurance premiums
• D)increase the personal property floater coverage for the insured property

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Definitions:

Picket Lines

A boundary established by workers on strike, especially outside their place of employment, to protest labor conditions or policies.

Mandatory Issue

A topic or item that must be addressed or complied with due to legal, regulatory, or policy requirements within an organizational context.

Collective Bargaining

The process of negotiating terms of employment between an employer and a group of employees (usually represented by a union) to reach agreements that regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Wage Rates

The amount of money paid to an employee for a specified quantity of work, usually expressed per hour or per piece.