Author Question: The deductible used for automobile collision losses is an example of a(n) A) calendar year ... (Read 109 times)

tichca · **on:** Jul 11, 2018

The deductible used for automobile collision losses is an example of a(n)

A) calendar year deductible.
B) elimination period.
C) straight deductible.
D) aggregate deductible.

Question 2

Which of the following statements about a calendar-year deductible is (are) true?

I. It requires the insured to pay a specified amount of each claim regardless of when the claim occurs during the year and regardless of any previous claims during the year.
II. It is used only in policies which cover direct property losses.
A) I only
B) II only
C) both I and II
D) neither I nor II