Which One of the Following Provisions Requires That the Policyholder

question 105

Multiple Choice

Which one of the following provisions requires that the policyholder pay a basic amount before the policy benefits begin?

• A)Coinsurance
• B)Stop loss
• C)Deductible
• D)Self-insurance
• E)Incontestable

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Definitions:

Level of Availability

The degree to which a system, service, or product is operable and accessible when required for use.

Inventory Cost

The total expense associated with purchasing and maintaining a business's inventory, including procurement, storage, and management costs.

Supply Chain Revenues

The total income generated from the sale of goods and services throughout the entire supply chain.

Optimal Level

The most favorable point or condition that yields the best outcome for a specific objective, such as profit maximization or cost minimization.