You Had Quite a Night Last Night of Partying

question 107

Multiple Choice

You had quite a night last night of partying. Because of excessive drinking, you are unable to get to work today. When you call your supervisor you:

• A) Should just say you have the flu.
• B) Should just say you are sick.
• C) Should disclose the prior night's activity.
• D) None of the above

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Definitions:

Coinsurance Clause

A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim.

Fair Market Value

The price at which property would exchange hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell.

Covered Peril

Risks or events that are specifically included as covered within an insurance policy, providing protection against losses from those events.

Coinsurance Clause

A provision in certain insurance policies requiring the policyholder to bear a specified percentage of the costs of covered services.