FIN 515 (FIN 515)

In a case where an individual's health is insured by both their own policy and their spouse's policy, which policy pays in the event of an illness? A. Only the individual's policy pays. B. Both policies pay the full amount. C. The individual's policy pays first, the spouse's policy pays the remaining up to coverage amount. D. The policy that was purchased first pays first, the second policy pays the remaining up to coverage amount. - ANSWER The individual's policy pays first, the spous...

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FIN 515 FINAL EXAM