A participation or co-insurance clause stipulates that the company will pay some portion of the covered loss in excess of the deductible rather than the entire amount. How much portion of the…

The correct answer is C. 80%-90%. See the full explanation below for the reasoning.

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Question

A participation or co-insurance clause stipulates that the company will pay some portion of the covered loss in excess of the deductible rather than the entire amount. How much portion of the covered loss may be paid by the company?

Options

A60%-70%
B70%- 90%
C80%-90%
DAny one of these

How the community answered

(55 responses)

A
7% (4)
B
4% (2)
C
78% (43)
D
11% (6)

Topics

#co-insurance#participation clause#loss coverage#health insurance

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