Which One of the Following Explains the Effect of a Co-Insurance

question 112

Multiple Choice

Which one of the following explains the effect of a co-insurance clause?

• A)A co-insurance clause provides for the insurance claim to be split between two or more beneficiaries.
• B)A co-insurance clause provides for several different properties to be insured under the same policy.
• C)A co-insurance clause provides for the insurance company to only pay a percentage of any loss.
• D)A co-insurance clause provides for more than one person to pay the premium.
• E)A co-insurance clause provides for the insurance company to arrange its own insurance on a large policy.

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Definitions:

Lewis and Clark

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A member of a Native American tribe originally located in the western United States, known for their hunter-gatherer culture.

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The largest and deepest of the world's oceans, located between the Americas to the east and Asia and Australia to the west.

Transitional Expression

Phrases or words used to link different ideas together smoothly, indicating a transition in thought within a piece of writing.