In insurance, a policy term refers to:
A. The time during which the insured is covered by the policy.
B. The maximum amount the insurer will pay for a covered loss.
C. The minimum amount the insured must pay as a deductible.
D. The maximum premium rate the insured must pay.
Answer:A
In insurance, a policy term refers to:
A. The time during which the insured is covered by the policy. B. The maximum amount the insurer will pay for a covered loss. C. The minimum amount the insured must pay as a deductible. D. The maximum premium rate the insured must pay.