Under a group life policy, the insurer will issue an individual _____ to the policyowner for delivery to each person insured.

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Under a group life policy, the insurer will issue an individual _____ to the policyowner for delivery to each person insured.

a) policy
b) certificate
c) application
d) rider

Answer: b) certificate

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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?

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