A(n)________ Is an Amount of Any Loss That Is to Be

question 27

Multiple Choice

A(n) ________ is an amount of any loss that is to be paid by the insured and can be a specified dollar amount,a percentage of the claim amount,or a specified amount of time that must elapse before benefits are paid.

• A)loan value
• B)deductible
• C)annuity
• D)cash surrender value

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Definitions:

Contributory Negligence

A legal doctrine where if the plaintiff in a tort claim is found to have contributed to their own harm, they may be barred from recovering damages.

Last Clear Chance

A legal doctrine that states that a party who has the last opportunity to avoid an accident, despite the negligence of the opposing party, may be liable for any resulting damages.

Jury's Verdict

The formal decision or finding made by a jury, conveyed to the court, regarding the guilt or innocence of a defendant in a criminal case or the resolution of a civil dispute.

Negligence Claim

A legal assertion that an individual or entity failed to exercise a reasonable standard of care, resulting in harm or injury to another.