Individual certificates issued to all individuals insured under an insurance policy must include the following information EXCEPT:

A) a statement of the insurance protection provided.

B) a conversion provision.

C) the premium amount.

D) a statement as to whom benefits are payable.

Answer: C) the premium amount.

Insurance

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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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