Terms of Payment and Terms of Coverage Are Two Sets

question 148

True/False

Terms of payment and terms of coverage are two sets of provisions that should be carefully scrutinized when evaluating an insurance program.

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Definitions:

Multiple Structures

The existence or application of various organizational models or frameworks within a single company or system.

Decentralized

The distribution of authority, decision-making, or resources away from a central location or governing body, allowing for more local or individual control.

Highly

Describes something of great importance, to a great degree, or with intense quality.

Rules

Guidelines or principles that govern conduct within a particular context or system.