What Is the Copay Clause in an Insurance Policy

question 16

Multiple Choice

What is the copay clause in an insurance policy?

• A) a clause in a life insurance contract that provides no coverage if the insured commits suicide before a stipulated date
• B) a clause in an insurance policy that expressly stipulates the risks that are not covered by the insurance policy
• C) a clause that prevents insurers from contesting statements made by insureds in applications after the passage of a stipulated number of years
• D) a clause that requires the insured to pay a percentage of an insured loss along with the remainder being paid by the insurer

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