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      Question

      What is the purpose of a deductible in an insurance

      policy?
      A To reduce the amount of coverage provided by the policy Correct Answer Incorrect Answer
      B To increase the premium paid by the policyholder Correct Answer Incorrect Answer
      C To reduce the amount paid by the insurance company in the event of a claim Correct Answer Incorrect Answer
      D To make the claims process more complicated for the policyholder Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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