Nathanial Drummond has three different insurance policies.He has been injured in an accident and has incurred $30,000 in medical bills.There is a clause in all of his insurance contracts that ensures he receives no more than a total of $30,000 in payments from his insurance companies.What is this clause called?
A) coordination of benefits
B) deductible
C) coinsurance
D) stop-loss provision
E) waiver of premium
Correct Answer:
Verified
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