_________Refers to a Specified Dollar Amount of Claims Paid by the Employee

question 13

Multiple Choice

_________refers to a specified dollar amount of claims paid by the employee each year before insurance benefits begin.

• A)Deductible
• B)Benefit cutback
• C)Vesting
• D)Wage concession
• E)Coinsurance

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Definitions:

Discharged

Released from a contract, obligation, or debt; in legal terms, it often refers to a debt being forgiven or a prisoner being released.

Duties

Obligations or responsibilities that are required to be fulfilled under the law or by agreement.

Lifeguard

A person trained and employed to prevent accidents and rescue swimmers in a swimming pool, water park, or beach.

Rescission

The act of revoking, canceling, or repealing a contract, returning all parties to their positions prior to the agreement.