An insured is injured while robbing a bank. If the insured's Accident and Health policy contains an Illegal Occupation provision, the policy will pay A.the full benefits B.one half of the policy benefits C.a premium refund only D.nothing

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter20: The Problem Of Adverse Selection Moral Hazard
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An insured is injured while robbing a bank. If the insured's Accident and Health policy contains an Illegal Occupation provision, the policy will pay

A.the full benefits

B.one half of the policy benefits

C.a premium refund only

D.nothing

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