Before the Commissioner will issue a license, a person must be at least
Before the Commissioner will issue a license, a person must be at least
a) 18 years old
b) 19 years old
c) 20 years old
d) 21 years old
Answer: a) 18 years old
An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?
An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B