Which of the following statements regarding persons participating in an HMO is CORRECT?

A) They pay for health care services as they are incurred.

B) They negotiate health care service fees with contracted HMO providers.

C) They pay a fixed periodic fee whether or not health care services are used.

D) They pay for health care services as they are incurred, at a rate discounted for the HMO.

Answer: C) They pay a fixed periodic fee whether or not health care services are used.

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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?

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? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

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Which of the following terms best describe the coverage provided by term policies, as compared to any other form of protection?
All of the following are considered limited lines of authority EXCEPT
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The voluntary relinquishment of a legal right is called
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Which of the following is NOT true regarding the accumulation period of an annuity?
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