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Question 391 - CTFA discussion

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It is the initial amount not covered by an insurance policy and thus the insured's responsibility; it's usually determined on a calendar-year basis or on a per-illness or eraccident basis. We may call it as:

A.
Participation clause
Answers
A.
Participation clause
B.
Deductible
Answers
B.
Deductible
C.
Internal limits
Answers
C.
Internal limits
D.
Co-insurance
Answers
D.
Co-insurance
Suggested answer: B
asked 16/09/2024
Balvant Variya
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