Insurance policies usually contain a (56) clause that excludes a fixed amount of the loss from (57) Casualty insurance policies frequently contain a coinsurance clause in the contract. A coinsurance clause provides that the insurance company shall be liable (58) only a portion of any loss (59) by the insured unless the insured carries insurance which totals a certain percent, frequently 80-90 percent of the fair value of the asset. In the (60) of a loss, the insured recovers from the insurance company that portion of the loss which the face of the insurance policy bears to the amount of insurance that should be carried as required by the coinsurance clause.
(41)
A. deductible
B. exemptible
C. expectable
D. escapable
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A.The service fee is about 1 percent of the amount of credit involved.B.It's almost im
A. The service fee is about 1 percent of the amount of credit involved.
B. It's almost impossible for the issuer to honor the payment after analyzing the financial condition of the customer.
C. The issuing banks must carry reserve requirements for the guarantee.
D. The issuer of the credit guarantee will never be called upon to make payment.
Which of the following is not mentioned in the passage?
A. CDs are a kind of consumer time deposits.
B. All the consumer or personal time deposits are non-negotiable.
C. No money interest is paid on personal time deposits.
D. The interest yields of consumer CDs are closer to market interest rates.
It is an institution affiliated party who engages in misconduct that should be responsible
A. Right
B. Wrong
C. Doesn't say
A.The issuing bank will charge a fee for giving a standby credit letter.B.The issuing
A. The issuing bank will charge a fee for giving a standby credit letter.
B. The issuing bank will charge no fees for giving a standby credit letter.
C. The issuing bank will amend the standby credit letter if appropriate.
D. The issuing bank will revoke the standby credit letter if appropriate.