Which of the following important terms used in a fire/property insurance policy is inaccurately defined? O A. Coinsurance clause a section that requires the insured to insure a minimum percentage of the value of his or her property to recover in full for partial losses. O B. Valued policy -- a policy with a certain fixed sum written on its face, the sum being the maximum limit of recovery in case of destruction. However, the insurer pays only the actual cash value of the property as determined at the time of the loss. OC. Pro rata clause a section that allows an insured to collect equally from each insurer of the property. OD. Subrogation -- the right of an insurer that pays a claim to succeed to the rights of the payee.

Which of the following important terms used in a fire/property insurance policy is inaccurately defined? A. Coinsurance clause - a section that requires the insured to insure a minimum percentage of the value of his or her property to recover in full for partial losses. B. Valued policy -- a policy with a certain fixed sum written on its face, the sum being the maximum limit of recovery in case of destruction. However, the insurer pays only the actual cash value of the property as determined at the time of the loss. C. Pro rata clause - a section that allows an insured to collect equally from each insurer of the property. D. Subrogation - the right of an insurer that pays a claim to succeed to the rights of the payee