From an insurer's viewpoint, all the following are purposes of deductibles, except: To eliminate small claims To put a cap on the maximum amount the insurer will have to pay out To reduce moral and morale hazard problems. To increase the number of potential policyholders All of the above are purposes of deductibles from an insurer's viewpoint. All the following are used by insurers to limit the amount of recovery (amount payable to policyholders) except: Other insurance clauses b. Deductibles Coinsurance d. Dollar limits All the above are used by insurers to limit the amount of recovery 10. Which one of the following is TRUE about renewable term insurance? You have to take another physical when you renew. b. Your premiums can go up because of your health when you renew. Your premiums can go up because of your age when you renew. Your premiums do not go up when you renew. None of the above are TRUE. e. Characteristics of whole life insurance are: a. For death protection and savings; temporary b. For death protection only; permanent For savings only, permanent For death protection and savings; permanent None of the above are characteristic of whole life insurance. 12. Kendra has a $500 straight deductible on her auto insurance policy and has the following losses during the policy year: $200, $600, $800, $200, and $1100. What is total amount the insurer will pay Kendra? $1,900 $1,000 $2,900 $500 None of the above