A Co-Payment Provision Requires the Policyholder to Share the Expenses

question 38

True/False

A co-payment provision requires the policyholder to share the expenses beyond the deductible amount.

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Definitions:

Prince William Sound

A region in the Gulf of Alaska known for its rich wildlife, fishing industry, and as the site of the Exxon Valdez oil spill in 1989.

Crude Oil

A natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.

Warranty

In the sale of goods, a minor term in a contract. The breach of the term would allow the injured party damages, but not rescission of the agreement.

Safety Items

Equipment or products designed to enhance safety and minimize the risk of injury or harm in various settings.