An Attachment to an Insurance Policy That Excludes Certain Illnesses

question 62

Multiple Choice

An attachment to an insurance policy that excludes certain illnesses or disabilities that would otherwise be covered is referred to as a/an

• A) waiver.
• B) exclusion.
• C) grace period.
• D) deductible.

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Definitions:

United States

A country located in North America, known for its large economy and diverse population, characterized by significant cultural and geographic variety.

General Motors

A global corporation based in Detroit, United States, that specializes in designing, producing, marketing, and selling vehicles and their components.

Natural Monopoly

A market condition where due to high infrastructure or setup costs, a single supplier is more efficient than multiple competing ones, often seen in utilities.

International Nickel Company

A historically significant Canadian corporation involved in the mining and processing of nickel and other metals; known today as Vale Canada Limited after various mergers and acquisitions.