17·The Medicare co-insurance payment is typically a. 0 percent. b. 50 percent. c

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17·The Medicare co-insurance payment is typically a. 0 percent. b. 50 percent. c. 10 percent. d. 20 percent e. 75 percent. 3 18. An increase in the amount of the deductible will a. increase the insurance coverage b. decrease the replacement cost of the insured property c. decrease the amount of insurance premiums d. increase the personal property floater coverage for the insured property 19. It pays to comparison shop for insurance policies because of the a. subsidized deductible options b. different educational qualifications of the captive agents c. large variations in premiums and services d. different legal liabilities of insurance agents by collecting benefits in multiple payments 20. A coordination of benefits provision in a health care policy for health care a. prohibits collecting more than 100 percent of covered charges b. allows the collection of only 75 percent of covered charges c. prohibits collecting more than 80 percent of covered charges d. allows the collection of only 50 percent of covered charges 21. The basic purpose of insurance is to a. protect your health b. protect yourself from economic losses c. supplement your income d. shield you from bad decisions e. protect yourself from non-financial losses 22. The primary purpose of life insurance is to provide a. financial security for dependents in the event of death. b. protection from creditors and lawsuits. c. tax-advantaged investments. d. high-yield investments. e. liquidity to expand business operations Copyright Cengage Leaming. Powered by Cognero.

Explanation / Answer

11. A liability suit could result against you if your dog bites your neighbour. Liability will occur when you have legal responsibility. In all other cases, there is no legal resposibility.

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