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N4One Corp. leadership has decided to opt for self-funding of its employee medical benefits. N4One executed a contract with a commercial health insurance company providing

N4One Corp. leadership has decided to opt for self-funding of its employee medical benefits. N4One executed a contract with a commercial health insurance company providing that the health insurance company will pay all claims in excess of $350,000. The arrangement with the health insurance company is called:

a.

reinsurance.
b.

managed care.
c.

stop-loss insurance
d.

coinsurance.

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