The principle of actual cash value is applied to claims for which of the policies? A. Professional liability B. Auto physical damage C. Broad form money and securities D. Worker’s compensation
The principle of actual cash value is applied to claims for which of the policies? A. Professional liability B. Auto physical damage C. Broad form money and securities D. Worker’s compensation
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The principle of actual cash value is applied to claims for which of the policies?
A. Professional liability
B. Auto physical damage
C. Broad form money and securities
D. Worker’s compensation
Expert Solution
Introduction
Insurance policies are contracts between insurance companies and the policy holders.
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