Which of the Following Is NOT Something the Buyer Must

question 86

Multiple Choice

Which of the following is NOT something the buyer must do in obtaining cover?

• A)Act without unreasonable delay in purchasing the substitute goods
• B)Pay a reasonable amount for the substitute goods
• C)Ensure the goods are identical to the original goods
• D)Demonstrate good faith in obtaining the substitute goods.
• E)Purchase goods that are reasonable substitutes

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Definitions:

Medical Necessity

A judgment by a healthcare provider that a specific treatment, test, or procedure is essential for diagnosing or treating a patient's condition in accordance with accepted standards of medical practice.

Deductible

The amount paid out of pocket by the policyholder before an insurance company pays a claim.

Predetermined Amount

A specific quantity or sum set in advance.

Group Insurance

An insurance policy that covers multiple people under one contract, typically offered by employers, associations, or organizations.