Which of these is NOT a relevant factor in the health insurance principle of morbidity?
Which of these is NOT a relevant factor in the health insurance principle of morbidity?
A) Age
B) Intelligence
C) Occupation
D) Health
Answer: B) Intelligence
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