Question
________________ is some amount of money will paid
before insurance will pay 100% for an individual’s health-care expenses.Solution
Out-of-pocket maximum/limit. The most you have to pay for covered services in a plan year. After you spend this amount on deductibles, copayments, and coinsurance, your health plan pays 100% of the costs of covered benefits. The out-of-pocket limit doesn't include your monthly premiums
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A person who makes an insurance claim is called?
The largest general insurance company in the world by revenue is:Â
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Coverage for bodily injury and property damage incurred through ownership or operation of a vehicle is called?
A type of insurance often used for high frequency low severity risks where risk is not transferred to an insurance company but retained and accounted f...
The Life Insurance Business is defined in which section of the Insurance Act, 1938?
