Non-MD residents who sell property in MD are charged a percentage based on what?

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Non-MD residents who sell property in MD are charged a percentage based on what?

A. Mortgage payoffs
B. Total payment
C. 50% of purchase price
D. 25% of purchase price

Answer: B. Total payment

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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?

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

In insurance,

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