A Coinsurance Provision Requires the Policyholder to Share the Expenses

question 154

True/False

A coinsurance provision requires the policyholder to share the expenses beyond the deductible amount.

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Definitions:

Social Mores

Social mores are widely accepted norms and values that govern behaviors within a society, acting as guidelines for social conduct.

Violation

The act or process of breaking a rule or law or failing to comply with a norm or condition.

Affair

A romantic or sexual relationship, typically secret or illicit, between two individuals, usually where at least one is committed to another through marriage or partnership.

Cultural Folkway

Norms or customary behaviors that are characteristic of everyday life in a society, guiding social interactions without strict enforcement.