This Element in Insurance Policies Requires the Insured to Bear

question 44

Multiple Choice

This element in insurance policies requires the insured to bear some portion of a loss before the insurer is obligated to make any payment.The purpose is to reduce costs for the insurer, thus making lower premiums possible.Identify this element.

• A)Deductible
• B)Waiver
• C)Estoppel
• D)Coinsurance
• E)Carryover

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Definitions:

New Agency

A recently established organization or entity often set up to address specific tasks or goals.

Case Management

A joint effort that evaluates, organizes, puts into action, oversees, and reviews the choices and services needed to fulfill a client's healthcare and social service requirements.

Multidisciplinary Service

An approach involving collaboration among professionals from various disciplines to provide comprehensive services.

Caseloads

Refers to the number of clients or cases that a professional, such as a social worker, is responsible for at any given time.