A policyowner is reading a statement on the first page of his health insurance policy, which says "this is a limited policy." What is the name on this statement?

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A policyowner is reading a statement on the first page of his health insurance policy, which says "this is a limited policy." What is the name on this statement?

A. Policy Limitation Notice
B. Statute of Limitations
C. Limited Benefit Statement
D. Limited Policy Notice

Answer: D. Limited Policy Notice

Accident and Health Insurance Basics

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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The voluntary relinquishment of a legal right is called
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