Which of the Following Is True of Co-Insurance

question 43

Multiple Choice

Which of the following is true of co-insurance?

• A) It is an amount of loss that is specifically excluded by the insurance contract.
• B) It requires that an owner carry insurance equal to a stated minimum percentage of the market value of their property.
• C) It results in the decrease of the amount of premium that the insurance company collects from businesses.
• D) It is the amount of an asset for which a company will write an insurance policy.

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Definitions:

Loss of Control

A situation or feeling where an individual feels unable to manage or direct events, actions, or emotions, often leading to stress or anxiety.

Older Adult

An older adult typically refers to someone who is in the later stage of life, often considered to be ages 65 and older, with specific health, social, and support needs.

Cope with Loss

The process of managing grief and adapting to life after the death of a loved one or the ending of something significant.

Postmortem Care

This refers to the care of a body immediately after death, which may include cleaning and dressing the deceased, closing their eyes, and occasionally embalming practices.