The medical expense policy provision that requires the insurer to pay 100% of covered expenses over a certain specified amount after the insured has paid the policy deductible is called the:

The medical expense policy provision that requires the insurer to pay 100% of covered expenses over a certain specified amount after the insured has paid the policy deductible is called the:


a. Stop-gap.

b. Co-insurance maximum.

c. Policy umbrella.

d. Stop-loss.



Answer: D

Comments

Popular posts from this blog

Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need:

James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount?