Which of the Following Is an Approach Used to Asses

question 7

Multiple Choice

Which of the following is an approach used to asses the amount of insurance needed?

• A)Partial replacement
• B)Revenue enhancement
• C)Private insurance needs
• D)All of the above are approaches
• E)None of the above is an approach

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Definitions:

Bartered Goods

Items that are traded or exchanged for other goods or services without the use of money.

Manual Insurance Log

A traditional, paper-based record keeping system for tracking insurance claims and coverage information.

Secondary Insurance

Insurance coverage that pays for medical or other expenses not covered by a person's primary insurance policy.

Clearinghouse

An intermediary entity that facilitates the exchange of financial, medical, or other types of information and transactions between two parties.