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    Question

    The insurance in which risks are shared between multiple insurers is known as?

    A Dual Insurance Correct Answer Incorrect Answer
    B Co-Insurance Correct Answer Incorrect Answer
    C Self- Insurance Correct Answer Incorrect Answer
    D Reinsurance Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Coinsurance is the amount, generally expressed as a fixed percentage, an insured must pay against a claim after the deductible is satisfied.

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