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Which of the following best defines a deductible? A)An out-of-pocket payment that the insurer must make that is added to the insurance payment B)A nominal
Which of the following best defines a deductible?
A)An out-of-pocket payment that the insurer must make that is added to the insurance payment
B)A nominal amount that the insured is required to pay when making a claim
C)An out-of-pocket payment that an insured must make that is deducted from the insurance payment
D)A nominal amount that the insurer is required to pay when the insured makes a claim
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