American_Bankers_Association
CTFA · Question #366
CTFA Question #366: Real Exam Question with Answer & Explanation
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Question
A participation or co-insurance clause stipulates that the company will pay some portion of the covered loss in excess of the deductible rather than the entire amount. How much portion of the covered loss may be paid by the company?
Options
- A60%-70%
- B70%- 90%
- C80%-90%
- DAny one of these
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