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Which one (1) of the following statements best describes "The Facility Association"? OA) It is a pooling arrangement of all automobile insurers who share the loss experience of the pool. OB) It is an Ontario government-owned insurance company for bad automobile risks. OC) It is an insurer specializing in insuring only personal automobile risks. O D) It is an association of fifteen responsible insurers who provide insurance for sub-standard automobile insurance risks.

Which one (1) of the following statements best describes "The Facility Association"? OA) It is a pooling arrangement of all automobile insurers who share the loss experience of the pool. OB) It is an Ontario government-owned insurance company for bad automobile risks. OC) It is an insurer specializing in insuring only personal automobile risks. O D) It is an association of fifteen responsible insurers who provide insurance for sub-standard automobile insurance risks.

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Which one (1) of the following statements best describes "The Facility Association"? OA) It is a pooling arrangement of all automobile insurers who share the loss experience of the pool. OB) It is an Ontario government-owned insurance company for bad automobile risks. OC) It is an insurer specializing in insuring only personal automobile risks. OD) It is an association of fifteen responsible insurers who provide insurance for sub-standard automobile insurance risks.
Transcribed Image Text:Which one (1) of the following statements best describes "The Facility Association"? OA) It is a pooling arrangement of all automobile insurers who share the loss experience of the pool. OB) It is an Ontario government-owned insurance company for bad automobile risks. OC) It is an insurer specializing in insuring only personal automobile risks. OD) It is an association of fifteen responsible insurers who provide insurance for sub-standard automobile insurance risks.
A building worth $200,000, insured for $100,000 with an 80% co-insurance clause, is damaged by fire to the extent of $80,000. How much will the insurer pay? OA) $125,000.00 OB) $100,000.00 OC) $80,000.00 OD) $50,000.00
Transcribed Image Text:A building worth $200,000, insured for $100,000 with an 80% co-insurance clause, is damaged by fire to the extent of $80,000. How much will the insurer pay? OA) $125,000.00 OB) $100,000.00 OC) $80,000.00 OD) $50,000.00
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