A "Coordination of Benefits" Provision in a Health Insurance Policy

question 80

Multiple Choice

A "coordination of benefits" provision in a health insurance policy may possibly provide which of the following benefits?

• A)Allows the policy holder to be double-covered for the same loss.
• B)Provides broader coverage than a policy without such provision.
• C)Often results in lower-cost insurance premiums.
• D)Drops pre-existing conditions clauses from a policy.
• E)All of the above

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Definitions:

Confidential

Information or documents that are private and not to be shared with unauthorized individuals.

Confidential Information

Sensitive data that is intended to be kept secret from unauthorized persons, often protected by law or through contractual agreements.

Fiduciary Duty

An obligation to act in the best interest of another party, typically in a relationship where trust is paramount, such as between an attorney and a client.

Contract Law

The body of law that governs the creation, execution, and enforcement of agreements between parties.