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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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