coordination of benefits

Definition of "coordination of benefits"
  1. It refers to the allocation or dispersion of coverage or payments from multiple insurance policies
How to use "coordination of benefits" in a sentence
  1. In the event of a car accident, the coordination of benefits process comes into action when deciding how each insurance company is responsible for the payments.
  2. The health insurance uses coordination of benefits to define which policy pays first if an individual has dual coverage.
  3. Coordination of benefits protocols ensure that the financial responsibility is fairly distributed between more than one insurance provider.

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