Which of the Following Is a Difference Between a Deductible

question 37

Multiple Choice

Which of the following is a difference between a deductible clause and coinsurance clause in insurance policies?

• A) Deductible clause requires the insured to pay a specified amount before the proceeds are payable, while coinsurance clause requires the insured to pay a part of an insured loss.
• B) Deductible clauses require the insured to pay a part of the insured loss, while coinsurance clauses prevent insurers from being liable if the applicant conceals material information.
• C) Deductible clauses stipulate the risks that are not covered by the insurance policy, while coinsurance clauses require paying a specified amount to get the insurance proceeds.
• D) Deductible clauses require the insured to pay a part of the insured loss, while coinsurance clauses require paying a specified amount to get the insurance proceeds.

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Definitions:

Simple Shapes

Basic geometric figures without a lot of detail or complexity, such as circles, squares, and triangles, often used in the study of geometry and art.

Placing

The action of putting someone or something in a specific position or location.

Plasticity

The tendency of new parts of the brain to take up the functions of injured parts.

Brain Trauma

Physical injury to the brain, which may impact its functions and can result from accidents, sports injuries, or violence.