Author Question: What is the effect of the optional agreed value provision in the building and personal property ... (Read 27 times)

abarnes · **on:** Jul 11, 2018

What is the effect of the optional agreed value provision in the building and personal property coverage form?

A) It provides replacement cost coverage.
B) It increases insured values along with inflation.
C) It suspends the coinsurance clause.
D) It reduces the deductible to 50.

Question 2

Based on the information in Table 4-1, the operating profit margin is

A) 37.5. B) 47.5. C) 26.4. D) 32.8.