Question

To prevent the insured from receiving a duplicate payment for losses under more than one insurance policy is called_____________?

1) Fee-for-service
2) Hospital benefits
3) Coordination of benefits
4) Non duplication benefits

Answer 1

Coordination of benefits is the term used to prevent the insured from receiving duplicate payments for losses under more than one insurance policy.

Step-by-step explanation:

The correct term to prevent the insured from receiving a duplicate payment for losses under more than one insurance policy is Coordination of benefits. Coordination of benefits is a process that ensures that multiple insurance policies covering the same person do not pay more than the total cost of the claim. It helps in determining the primary and secondary coverage, facilitating the proper distribution of claim payments.