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Parents of a 6-year-old boy should be asked if he has:
Insurance Fraud
The act of deceiving an insurance provider with the aim to receive compensation or benefits unjustly.
Theft
The act of stealing; taking someone else's property without permission or legal right.
Insurance Policy
A contract wherein an insurer agrees to compensate the insured for specified losses, damages, illness, or death in return for premiums paid.
Co-insurance Clause
A provision in insurance policies that requires the policyholder to bear a portion of the costs of a claim, promoting shared risk between the insurer and the insured.
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