Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An umbrella policy provision that REQUIRES the insured to pay a portion of the loss NOT covered by underlying insurance is A. a coinsurance clause.
An umbrella policy provision that REQUIRES the insured to pay a portion of the loss NOT covered by underlying insurance is
A. a coinsurance clause.
B. a participation clause.
C. an excessive limit.
D.
a self-insured retention
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started