______ Is a Contract Requirement That Works to Prevent Property

question 41

Multiple Choice

______ is a contract requirement that works to prevent property owners from deliberately underinsuring.

• A)Deductible
• B)Co-insurance
• C)Insurable value
• D)Separation of duty

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Definitions:

Industrial Policy

Government measures aimed at improving the competitive stance and capabilities of domestic industries.

Extensive Experiments

A thorough or wide-ranging series of tests or investigations conducted to explore a hypothesis or understand a phenomenon better.

Social Regulation

Policies designed to protect Public welfare, including health, safety, and the environment.

Price-Fixing

An illegal agreement among competitors to fix prices, set output levels, or divide markets, aimed at increasing profits by reducing competition.