On a commercial crime policy, money is defined as all EXCEPT:

A.Coins

B.Travelers checks

C.Evidence of debt

D.Currency

Answer: C.Evidence of debt

Casualty

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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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The voluntary relinquishment of a legal right is called
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