Fill in the Blank QuestionFill in the blank question.A(n) policy provides specified benefits regardless of whether the actual expenses are greater or less than the benefits. A(n) policy provides benefits based on the actual expense.
Question
Fill in the Blank QuestionFill in the blank question.A(n) policy provides specified benefits regardless of whether the actual expenses are greater or less than the benefits. A(n) policy provides benefits based on the actual expense.
Solution
A(n) "indemnity" policy provides specified benefits regardless of whether the actual expenses are greater or less than the benefits. A(n) "reimbursement" policy provides benefits based on the actual expense.
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