Purposes of the coinsurance clause in health insurance contracts ...

[acc299]

Purposes of the coinsurance clause in health insurance contracts include which of the following? I. To reduce premiums. II. To exclude coverage for certain medical procedures.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

At what point in time must an insured meet the coinsurance requirement in a property insurance policy in order to avoid having to pay a portion of the loss?
 
  A) only at the time of loss
  B) only at the time when the policy is issued
  C) only at the time of policy application
  D) both at the time when the policy is issued and at the time of loss

[sylvia]

Answer to Question 1

Answer: A

Answer to Question 2

Answer: A

[acc299]

Correct answers!

[sylvia]

Great! Please up vote