Which Term Refers to Annual Out-Of-Pocket Expenses That an Insurance

question 56

Multiple Choice

Which term refers to annual out-of-pocket expenses that an insurance policyholder must make before an insurance plan makes any reimbursements?

• A) Co-payment
• B) Contribution
• C) Coinsurance
• D) Deductible

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Definitions:

Elements Of Fraud

Elements of Fraud include the intentional misrepresentation or concealment of an important fact upon which the victim is meant to rely, and does rely, resulting in harm to the victim.

Material

Refers to the physical substances or components that are used to make or build something.

Trustee

An individual or organization that holds and administers property or assets for the benefit of a third party.

Beneficiary

An individual who receives benefits or is entitled to receive benefits from an insurance policy or trust.