4 Written questions
3 Multiple choice questions
- An individual who is covered by an insurer.
- 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.
- 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
Indemnify → A specific sum of money paid by the insured to the insurance company in exchange for financial protection against loss.
Premium → To reimburse or make payment for a loss.
Consideration → The binding force in any contact that gives it legal status; the object of value that each party gives to the other.