Question

Which of the following is not a true characteristic of health insurance? Select one: a. Policies are renewable according to 5 renewability classes. b. Premiums can be paid annually, monthly, weekly or daily. c. Policies can be participating and nonparticipating. d. Reserve funds are considered a liability of the insurance company.

Answer 1

Answer:

b. Premiums can be paid annually, monthly, weekly or daily.

Explanation:

The odd amongst the option provided is that of paying premiums on weekly or daily basis which is against the rule of payment. Health insurance premiums can be paid annually, semiannually, quarterly or monthly.