Answers TX-Personal Financial Literacy Buying InsuranceQuestion 8

8

QuizMultiple Choice

Buying Insurance

Question 8 of 10 • TX-Personal Financial Literacy

Which statement best defines the term copayment?

Answer

A

It is money a consumer receives after experiencing a loss.

B

It is a payment made before a consumer can make a claim.

C

It is money paid by a consumer to share the cost of a payout.

D

It is a fee paid to an insurance company to purchase coverage.

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