All of the following statements about Major Medical benefits are true EXCEPT
The deductible can be expressed as a fixed dollar amount
The benefit period begins only after a specified amount of expenses have accrued
Benefits are generally expressed as a percentage of eligible expenses
Benefits have no maximum limit
The correct answer is "Benefits have no maximum limit". Major Medical benefits normally have a maximum limit.
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Which type of fraud will not have any analytical symptoms?
a. Inventory Fraud b. Revenue Fraud c. Liability Fraud d. Disclosure Fraud
Provision of services qualifies as consideration for an enforceable contract.
Answer the following statement true (T) or false (F)
What term is used to indicate the termination of liability on an instrument?
a. Collection b. Discharge c. Accommodation d. Conversion