Which of the following are NOT a type of bond?

Study for the Insurance Customer Service Rep 440 Test. Enhance your skills with flashcards and multiple choice questions, complete with hints and explanations. Prepare for exam success!

The correct response is that "Small or Non-existent Deductibles" is not a type of bond. In the context of insurance and financial products, a bond typically refers to a financial instrument that represents a loan made by an investor to a borrower. Bonds have characteristics such as interest payments and maturity, and they serve a different purpose than what is described in the other options.

The other choices relate to different aspects of healthcare and insurance. For instance, "Fewer Exclusions" refers to the coverage aspects of an insurance policy, indicating that more conditions and circumstances are covered by the policy. "Insurance services to members through employed physicians" describes a structure within health insurance systems that ensure access to medical services. "Major Medical" specifically refers to a type of insurance that provides coverage for serious medical costs and expenses, often with a high limit and comprehensive protection.

Thus, the definition of a bond does not align with the concepts presented in the correct answer, further reinforcing that "Small or Non-existent Deductibles" does not pertain to the types of bonds and is the right choice.

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