A type of insurance in which the insured and the insurer share a risk of loss due to fire is:

A) co-insurance.
B) non-forfeiture insurance.
C) no-fault insurance.
D) reinsurance.

Co-Insurance

A type of insurance coverage in which the insurer and the insured share losses incurred according to a specified formula.

Insured

A person or entity covered by an insurance policy, receiving protection against specified risks or damages.

Risk Of Loss

In contractual terms, refers to which party bears the financial burden if the goods are damaged or lost before delivery is completed.