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    • Question

      The insurance in which risks are shared between multiple

      insurers is known as?
      A Dual Insurance Correct Answer Incorrect Answer
      B Co-Insurance Correct Answer Incorrect Answer
      C Self- Insurance Correct Answer Incorrect Answer
      D Reinsurance Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Coinsurance is the amount, generally expressed as a fixed percentage, an insured must pay against a claim after the deductible is satisfied.

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