Explain why there is a coinsurance clause applied to the building structures. How does it work?
What will be an ideal response?
Coinsurance encourages insureds to insure to replacement value. If the insured at the time of loss has 80% or more of replacement cost, the replacement cost of the loss is paid up to the face amount. If there is less than 80% of full replacement cost coverage, the ACV of the loss is calculated. In addition, the replacement cost loss is multiplied by the amount of coverage divided by the amount required. The larger amount is paid, but never more than the face value of the policy.
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One form of experiential training, called _____, is a teamwork and leadership training program based on the use of challenging, structured outdoor activities.
A. behavior modeling B. coordination training C. adventure learning D. cross-training E. action learning
Under the ________, a successful party may receive 25 percent of the amount recovered if the government chooses to intervene in the action, or 30 percent if the government does not participate in the suit
A) False Claims Act B) Sarbanes-Oxley Act C) Whistleblower Protection Act D) Homeland Security Act