Multiple Choice
Which of the following is true of coinsurance?
A) The policyholders do not have to pay a premium.
B) Each policyholder has to pay a certain fee while filing a claim.
C) The responsibility of paying claims is split between the insurer and the policyholder.
D) All policyholders pay the same premium irrespective of the scheme they choose.
Correct Answer:
Verified
Correct Answer:
Verified
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