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Many medical expense policies contain a provision called coinsurance. Coinsurance is implemented for which of the following reasons? I. to reduce premiums II. to prevent
Many medical expense policies contain a provision called coinsurance. Coinsurance is implemented for which of the following reasons?
I. to reduce premiums
II. to prevent overutilization of policy benefits
a. | I only
| |
b. | II only
| |
c. | both I and II
| |
d. | neither I nor II
|
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