The Insured May Not Necessarily Be the Patient Seen for the Medical

question 22

True/False

The insured may not necessarily be the patient seen for the medical service.

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Definitions:

Debt

An obligation to repay borrowed money or goods at a later date, often involving interest fees.

Payment

The transfer of money, goods, or services from one party to another as fulfillment of an obligation or settlement of a debt.

Subrogation

The legal process by which an insurance company, after paying a loss to its insured, acquires the insured's rights to pursue any third party responsible for the loss.

Exoneration

The act of being absolved from blame or responsibility, particularly in a legal context.