Question 3.3. (TCO D) Suppose a person has a health insurance policy with a $500 calendar year deductible, a $2,000 out-of-pocket cap, and an 80% coinsurance provision. If this person suffers a $600 covered loss, how much will the insurance company pay? (Assume no previous losses have occurred.) (Points : 4)

$80 $100 $480 $600 Some other amount

Question 4.4. (TCO D) The 80% coinsurance clause in a homeowner's policy would cause a reduction in the claim payment for a covered loss to the dwelling of $30,000 in which of the following cases? (Points : 4)

Dwelling limit of $75,000, replacement cost of dwelling $90,000, actual cash value of dwelling $85,000 Dwelling limit of $75,000, replacement cost of dwelling $100,000, actual cash value of dwelling $90,000 Dwelling limit of $90,000, replacement cost of dwelling $90,000, actual cash value of dwelling $90,000 Dwelling limit of $110,000, replacement cost of dwelling $110,000, actual cash value of dwelling $90,000 Dwelling limit of $120,000, replacement cost of dwelling $100,000, actual cash value of dwelling $90,000