Coinsurance penalty - Study guides, Class notes & Summaries
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Pearson VUE: Property Insurance Practice Exam Questions with 100% Correct Answers | Updated & Verified | 2024
- Exam (elaborations) • 24 pages • 2024
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S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of 
$100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the 
event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the 
following amounts? 
A. $100,000 
B. $90,000 
C. $80,000 
D. $20,000 C 
The MAXIMUM amount a policy will pay in the event of a loss is called the: 
A. coinsurance amount 
B. deductible 
C. limit o...
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Texas Life And Health Insurance Exam Questions With Correct Answers | Latest 2023/2024 (Graded A+)
- Exam (elaborations) • 23 pages • 2023
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Texas Life And Health Insurance Exam Questions With Correct Answers | Latest 2023/2024 (Graded A+). Which of the following actions is NOT possible with a Universal Life policy? - Correct 
Answer-Premiums may be applied as a credit against income tax 
Which of the following will a Long Term Care plan typically provide benefits for? - 
Correct Answer-home health care 
Which health policy clause stipulates that an insurance company must attach a copy of 
the application to the policy to ensure that...
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Pearson VUE: Property Insurance Practice Exam questions with correct answers
- Exam (elaborations) • 65 pages • 2023
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S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? 
 
A. $100,000 
 
B. $90,000 
 
C. $80,000 
 
D. $20,000 CORRECT ANSWER C 
 
The MAXIMUM amount a policy will pay in the event of a loss is called the: 
 
A. coinsurance amount 
...
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Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL, With Complete Verified Solution
- Exam (elaborations) • 37 pages • 2024
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Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL, With Complete Verified Solution 
 
S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? 
 
A. $100,000 
 
B. $90,000 
 
C. $80,000 
 
D. $20,000 ...
-
Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL, With Complete Verified Solution
- Exam (elaborations) • 37 pages • 2024
-
- $14.99
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Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL, With Complete Verified Solution 
 
S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? 
 
A. $100,000 
 
B. $90,000 
 
C. $80,000 
 
D. $20,000 ...
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Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL, With Complete Verified Solution
- Exam (elaborations) • 37 pages • 2024
-
- $14.99
- + learn more
Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL, With Complete Verified Solution 
 
S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? 
 
A. $100,000 
 
B. $90,000 
 
C. $80,000 
 
D. $20,000 ...
-
Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL, With Complete Verified Solution
- Exam (elaborations) • 37 pages • 2024
-
- $14.99
- + learn more
Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL, With Complete Verified Solution 
 
S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? 
 
A. $100,000 
 
B. $90,000 
 
C. $80,000 
 
D. $20,000 ...
-
Pearson VUE: Property Insurance Practice Exam Questions and Answers (Graded A)
- Exam (elaborations) • 13 pages • 2024
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Pearson VUE: Property Insurance Practice Exam Questions and Answers (Graded A)Pearson VUE: Property Insurance Practice Exam Questions and Answers (Graded A)Pearson VUE: Property Insurance Practice Exam Questions and Answers (Graded A)Pearson VUE: Property Insurance Practice Exam Questions and Answers (Graded A) 
 
S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsu...
-
Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL with 100% correct answers
- Exam (elaborations) • 55 pages • 2024
-
Available in package deal
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- $17.99
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S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? 
 
A. $100,000 
 
B. $90,000 
 
C. $80,000 
 
D. $20,000 correct answersC 
 
The MAXIMUM amount a policy will pay in the event of a loss is called the: 
 
A. coinsurance amount 
...
-
Pearson VUE: Property Insurance Practice Exam and correct answers
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
-
- $15.49
- + learn more
S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? 
 
A. $100,000 
 
B. $90,000 
 
C. $80,000 
 
D. $20,000 CORRECT ANSWER C 
 
The MAXIMUM amount a policy will pay in the event of a loss is called the: 
 
A. coinsurance amount 
...
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