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When a group first meets, which of the following occurs?
Co-insurance Clause
A provision in an insurance policy requiring the policyholder to bear a portion of the losses to the extent of a specified percentage.
Fireproof
A characteristic of materials or structures that are resistant to fire and are able to withstand high temperatures without catching fire or sustaining significant damage.
Insured
A person or entity covered by an insurance policy receiving financial protection or reimbursement against losses from an insurance company.
Misrepresentation
A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.
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