What is an insurer of an insurer known as a:

A) Mixed group.

B) Reciprocal.

C) Service organization.

D) Reinsurer.

Answer: D

Insurance Company Organization

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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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