Exam (elaborations)
Alabama P&C - Chap 1 - Property & Casualty Insurance Basics (Well-enlightened)
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The portion of covered loss that is not paid by the insurance company is called?: (a) A deductible (b) Facultative reinsurance (c) Treaty reinsurance (d) Limit of liability correct answers A deductible The best example of risk retention is: (a) Deductibles (b) Coinsurance (c...
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