Which of the Following Statements Regarding Medical Payments Coverage in a Personal

question 61

Multiple Choice

Which of the following statements regarding medical payments coverage in a personal automobile policy (PAP) is true?

• A) Medical payments coverage insures a covered individual for medical expenses incurred within 5 years of an automobile accident in an amount not to exceed the policy limit.
• B) A person must be occupying an automobile when the accidental injury occurs to be eligible for benefits.
• C) Medical payments coverage provides for reimbursement even if other sources of recovery, such as health insurance or accident insurance, also makes payments.
• D) In all states, medical payments are subject to subrogation, which means the insurer is entitled to recover any duplicate payments made to the insured.
• E) Injuries sustained on a bicycle or motorcycle in a traffic accident are covered.

Identify and understand various disciplinary techniques and their effectiveness.

Grasp the concept of moral identity, character, and commitment.

Understand social conventional reasoning and its role in moral development.

Know the importance of perspective-taking in understanding others' feelings.

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Definitions:

Borrowing Costs

Borrowing Costs are the interest and other costs that an entity incurs in connection with the borrowing of funds.

U.S. GAAP

Generally Accepted Accounting Principles in the United States, a standard framework of guidelines for financial accounting.

IFRS

A collection of worldwide accounting standards created by the International Accounting Standards Board, known as International Financial Reporting Standards.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.