Author Question: The purpose of other-insurance provisions is to A) eliminate the need for deductibles. B) ... (Read 138 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
The purpose of other-insurance provisions is to
 
  A) eliminate the need for deductibles.
  B) penalize those insureds who carry inadequate amounts of insurance.
  C) specify who will pay losses if the insurer is bankrupt.
  D) preserve the principle of indemnity.

Question 2

Connie has an individual medical expense policy with a 1,000 deductible. She is required to pay 20 percent of covered expenses in excess of the deductible. The insurer will pay 80 percent of expenses in excess of the deductible.
 
  If Connie has eligible medical expenses of 26,000, how much will be paid by her insurer?
  A) 10,000
  B) 11,000
  C) 20,000
  D) 21,000



Sierray

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

Answer: D

Answer to Question 2

Answer: C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

For a complete list of videos, visit our video library