Methods dental insurers often use to control costs do not include:

a. Annual and lifetime maximum benefit amounts.

b. A broad selection of dentists.

c. Payment for silver instead of gold fillings.

d. A one year reduction of 50% on certain procedures or exclusion of certain benefits for a certain period of time.

Answer: B

Insurance

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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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The voluntary relinquishment of a legal right is called
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