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    Question

    What is the purpose of "co-insurance" in an insurance

    policy?
    A To share the cost of losses of the insured by more than one insurer Correct Answer Incorrect Answer
    B To insure multiple properties under a single policy Correct Answer Incorrect Answer
    C To provide coverage for losses due to co-insurance Correct Answer Incorrect Answer
    D To insure multiple individuals under a single policy Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Co-insurance refers to a situation where two or more insurers share the risk of insuring a particular policyholder or property. In this arrangement, each insurer agrees to cover a specified percentage of the risk, and they share the premium and claims.┬а

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