Insurance Is a Method of Transferring, for a Fee, the Financing

question 177

Multiple Choice

Insurance is a method of transferring, for a fee, the financing responsibility for the risk to another party. Insurance polices are legal contracts. There are four elements that constitute a legal, binding contract. Which of the following is NOT out of those elements?

• A) Agreement
• B) Periodic review
• C) Competent parties
• D) Legal purpose

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Definitions:

Oxygen-Conserving Devices (OCDs)

Devices designed to enhance the efficiency of oxygen delivery, extending the use time of oxygen supplies for patients.

Expiratory Phase

The part of the breathing cycle when air is expelled from the lungs.

Chamber

A compartment or enclosed space, used in various contexts such as part of a firearm, heart, or device.

Mean Oral Temperature

The average temperature taken from the mouth, which reflects the body's core temperature, commonly used in clinical assessments.