American_Bankers_Association
CTFA · Question #365
CTFA Question #365: Real Exam Question with Answer & Explanation
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Question
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:
Options
- AParticipation clause
- BDeductible
- CInternal limits
- DCo-insurance
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