An Endorsement Is a Clause Altering or Adding Coverage to a Standard

question 41

True/False

An endorsement is a clause altering or adding coverage to a standard insurance policy.

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Definitions:

Fee-for-services

A payment model where services are unbundled and paid for separately, often used in healthcare to charge for individual care activities.

Contract Worker

A contract worker is an individual hired to perform specific tasks or services for a defined period under a contract rather than being a permanent employee.

Global Economy

The worldwide economic system comprising interconnected economies of nations, focusing on international trade, investment flows, and how economies are impacted globally.

Social Responsibility

The ethical framework suggesting that entities, whether individuals or organizations, have an obligation to act for the benefit of society at large.