Matching Pairs Risk Chp. 10 Online version Risk Chp. 10 by Ryan Brown 1 Other Insured 2 Contribution by Equal Shares 3 Named-Perils Policy 4 Conditions 5 Open-Perils Policy 6 Endorsements 7 Additional Insured 8 Calendar-year deductible 9 Deductible 10 Aggregate Deductible person or party who is added to the named insured's policy by an endorsement. deductible in some property and health insurance contracts in which all covered losses during a year are added together and the insurer pays only when the aggregate deductible amount is exceeded. a provision by which a specified amount is subtracted from the total loss payment that would otherwise be paid. coverage by an insurance contract that promises to pay only for those losses caused by perils specifically listed in the policy. type of other-insurance provision in liability insurance contracts that require each company to share equally in the loss until the lowest limits of liability under any policy or until the full amount of loss is paid. written provision that adds to, deletes, or modifies the provisions in the original contract. provisions inserted in an insurance contract that qualify or place limitations on the insurer's promise to perform. coverage by an insurance contract that promises to cover all losses except those losses specifically excluded in the policy. amount payable by an insured during a calendar year before a group or individual health insurance policy begins to pay for medical expenses. persons or parties who are insured under the named insured;s policy even though they are not specifically named in the policy.
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