Nathan Drummond has three different insurance policies.He has been injured in an accident and has incurred $30,000 in medical bills.There is a provision in all of his insurance contracts that ensures the total benefits he receives from all sources is limited to 100% of allowable medical expenses.What is this provision called?

Question

Quizplus · Accepted Answer

The provision called "Coordination of Benefits" is designed to prevent overinsurance through multiple policies. It ensures that the total payout does not exceed 100% of the covered expenses, which in Nathan Drummond's case are his medical bills from an accident.

Nathan Drummond Has Three Different Insurance Policies