n NISM Certifications
NSM General NISM
Medium

What does the term “deductible” mean in insurance?

Practice question from IC 38 Mock Test 14 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A cost-sharing provision between an insurer and insured

    Correct answer

  2. B

    A policy used only for life insurance

  3. C

    An amount of money paid by an insurer to the insured

  4. D

    A type of coverage specific to health insurance

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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