When benefits are paid directly to the insured under a health insurance policy, the policy provides benefits on what type of basis?

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When benefits are paid directly to the insured under a health insurance policy, the policy provides benefits on what type of basis?

A. Scheduled
B. Reimbursement
C. Service
D. Limited

Answer: B. Reimbursement

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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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