Which of the following are line specific entities in insurance?

The correct answer highlights the components of insurance that pertain specifically to different lines of business. In the context of insurance, line-specific entities are distinct elements that vary between different types of insurance policies, such as auto, home, or commercial insurance.

The inclusion of "policy," "policy period," "policy line," and "coverable" within the correct choice indicates a comprehensive understanding of the insurance product structure. Each of these terms represents an essential aspect of the policy:

• Policy: This refers to the actual contract between the insurer and the insured, outlining the coverage terms.

• Policy Period: This defines the time frame during which the insurance coverage is valid.

• Policy Line: This indicates the specific type of insurance coverage provided (e.g., auto, home) and helps in classifying different products offered by the insurance company.

• Coverable: This identifies the aspects or events that are protected under the policy, highlighting the specific risks that the insurer agrees to cover.

These elements are vital for tailoring insurance products to meet the needs of different lines of business, making them line-specific entities.

In contrast, the other choices might include terms that are broader or not exclusively tied to a specific line of insurance,