Vidyalelo
Commerce · Q679

Insurance

Graduate and Post Graduate · Commerce · question 679

Q679

Identify the term of insurance that is depicted in the following scenario. Scenario: patient pays the health provider and is subsequently reimbursed by the health insurance company.

A.
Service Benefit
B.
Direct Contracting
C.
Indemnity
Answer
D.
Casualty

Answer: Option C

Solution

Answer: Option C
Solution:
Indemnity insurance protects against claims arising from possible negligence or failure to perform that result in a client's financial loss or legal entanglement.