NAME

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4 Written questions

3 Multiple choice questions

  1. An individual who is covered by an insurer.
  2. A key principle in business law, which says that employer is responsible for the actions of his or her employees in the course of employment.
  3. A certain amount of money that the patient must pay each year toward his or her medical expenses before health insurance benefits begin.

3 True/False questions

  1. IndemnifyA specific sum of money paid by the insured to the insurance company in exchange for financial protection against loss.

          

  2. PremiumTo reimburse or make payment for a loss.

          

  3. ConsiderationThe binding force in any contact that gives it legal status; the object of value that each party gives to the other.