A(n) ________ Is a Clause in an Insurance Policy That

question 19

Multiple Choice

A(n) ________ is a clause in an insurance policy that provides that insurance proceeds are payable only after the insured has paid a specified amount toward the damage or loss.

• A) incontestability clause
• B) coinsurance clause
• C) exclusions from coverage clause
• D) deductible clause

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Definitions:

Social Engineering

Social engineering involves manipulating individuals into divulging confidential or personal information for fraudulent purposes.

Grandstanding

Engaging in behavior or making statements intended to attract positive attention and impress others.

Marginal Benefit

The added contentment or utility derived from utilizing or producing an extra item of a good or service.

Vote Trading

An arrangement where individuals agree to vote for each other's preferred choice in different decisions or elections, aimed at maximizing the fulfillment of each party's preferences.