Question 6022 of 287 · Texas Life, Accident and Health Agent Exam
Under an 80/20 coinsurance policy with a $500 deductible, the insured has a covered loss of $5,500. How much will the insurer pay?
Exactly one answer is correct.
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Correct answer to question 6022
- D: $4,000
Explanation
The insured pays the $500 deductible, leaving $5,000. The insurer pays 80 percent, or $4,000, and the insured pays 20 percent, or $1,000, for a total insured share of $1,500.
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