Choose the Word or Phrase in [ ] Which Will

question 118

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Traditional indemnity policies reimburse the insured based on the [amount charged | usual,customary,and reasonable charges] for the medical services received.

---

Definitions:

Mining Company

A business entity engaged in the extraction of minerals, precious metals, or other geological materials from the Earth.

Extraction Cost

The expenses associated with removing natural resources from the earth, such as labor, equipment, and regulatory compliance costs.

User Cost

The cost associated with the use of a product or service, taking into account depreciation and the opportunity cost of alternative uses of the resources.

Mining Company

A business entity that specializes in the extraction of minerals or other geological materials from the earth.