A PPO

question 31

Multiple Choice

A PPO:

• A) is a delivery network.
• B) does not receive premiums or assume financial risk.
• C) decreases cost of service if a preferred provider is used.
• D) All of the above

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Definitions:

Losses

Financial detriment or disadvantage experienced by an entity due to various reasons such as operational failures, liabilities, or unfavorable market conditions.

Limited Partner

An investor in a limited partnership who is not personally liable for the partnership's debts beyond the amount of their investment.

General Partner

An owner of a partnership who has unlimited personal liability for the debts and obligations of the business and can participate in its management.

Certificate of Limited Partnership

A legal document filed with a governmental body to form a limited partnership.