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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