It is the initial amount not covered by an insurance policy and thus the insured’s responsibility; it’s usually determined on a calendar-year basis or on a perillness or eraccident basis. We may call it as:

It is the initial amount not covered by an insurance policy and thus the insured’s responsibility; it’s usually determined on a calendar-year basis or on a perillness or eraccident basis. We may call it as:
A. Participation clause
B. Deductible
C. Internal limits
D. Co-insurance

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