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Answer questions 8 to 1 0 based on the following information. Lily has the following loss distribution for her medical expenses after she has been
Answer questions to based on the following information.
Lily has the following loss distribution for her medical expenses after she has been diagnosed of diabetes.
If Lily has a medical expense policy with full insurance, how much would the insurer be expected to pay for the medical
expenses?
Select one:
a
b None of the above
c
d
e
If Lily has a medical expense policy with $ deductible and a $ limit how much would the insurer be expected to pay for the medical expenses?
Select one:
a
b
c
d
e
None of the above
If Lily has a medical expense policy with $ deductible, a percent coinsurance, and a $ limit how much would the insurer be expected to pay for the medical expenses?
Select one:
a
b
c
d
e
None of the above
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