Which of the Following Specifies the Maximum Amount the Policy

question 43

Multiple Choice

Which of the following specifies the maximum amount the policy will pay?

• A) Time period.
• B) Benefit limit.
• C) Elimination period.
• D) Benefit period.

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Definitions:

Mail

The system by which letters, packages, and other types of correspondence are delivered from one location to another.

Reasonable Time

A legal standard referring to a time period that is fair and appropriate under the circumstances for performing a legal duty or obligation.

Mortgage

A legal agreement by which a bank, lending institution, etc., lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

All-Expense-Paid Trip

A travel package in which all costs, including transportation, lodging, and meals, are covered.