Which of the Following Is True of Coinsurance

question 92

Multiple Choice

Which of the following is true of coinsurance?

• A) The policyholders do not have to pay a premium.
• B) Each policyholder has to pay a certain fee while filing a claim.
• C) The responsibility of paying claims is split between the insurer and the policyholder.
• D) All policyholders pay the same premium irrespective of the scheme they choose.

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Definitions:

Hardball Tactics

Aggressive or forceful strategies used in negotiations or discussions to gain an advantage.

Bargaining Range

This term refers to the spread between the initial and final offer where negotiation is possible and both parties can find an acceptable agreement.

Resistance Points

The least favorable terms under which a party is willing to accept a negotiated agreement.

Public Pronouncement

An official statement or announcement made to the general public.