Which of the Following Prevents an Insurer from Denying Payment

question 24

Multiple Choice

Which of the following prevents an insurer from denying payment because it decides to investigate the application for fraud?

• A) Arbitration clause
• B) Investigation clause
• C) Antilapse clause
• D) Incontestability clause
• E) Appraisal clause

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Definitions:

Incidence Rate

The rate at which new cases of a condition, disease, or event occur in a population over a specified period.

Asbestos Exposure

The inhalation or ingestion of asbestos fibers, which can lead to serious health conditions like mesothelioma or lung cancer.

Multiplicative Scale

A measurement scale where units are exponentially related, often used in contexts where growth or change occurs at constant rates.

Effect Measure Modifier

A variable that alters the magnitude or direction of the association between an exposure and disease outcome.