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Question # 9

Which of the following BEST describes “coinsurance” in property insurance?

Options:

A.

Requirement to share a percentage of medical costs

B.

Policy condition requiring minimum coverage relative to property value

C.

Deductible amount applied before insurance pays

D.

Provision that eliminates coverage for certain perils

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CFP Overview

Name Financial Planner (CFP)
Code CFP
Vendor Finance, Insurance and Real Est
Certification Certified Financial Planner Board of Standards Inc. (CFP Board)

CFP Questions