Which of the following is true of co-insurance?
A. It is an amount of loss that is specifically excluded by the insurance contract.
B. It requires that an owner carry insurance equal to a stated minimum percentage of the market value of their property.
C. It results in the decrease of the amount of premium that the insurance company collects from businesses.
D. It is the amount of an asset for which a company will write an insurance policy.
Answer: B