55. An agreement attached to an accident and health insurance policy which alters either the terms of the policy or the coverage is called
Answer: D
A rider
A rider is an agreement attached to an accident and health insurance policy that alters either the terms of the policy or the coverage. This addition allows for adjustments to the standard policy to better fit the insured's needs.
A) a limit clause
A limit clause specifies the maximum amount the insurance company will pay for a particular claim or under specific circumstances. While it is related to the terms of the policy, it does not alter the policy itself or provide additional coverage, making it incorrect in this context.
B) an attachment
An attachment typically refers to an additional document or endorsement added to the policy for clarification or additional information. However, it does not specifically denote an alteration of terms or coverage like a rider does, thus making it an unsuitable choice.
C) an insuring clause
An insuring clause defines the coverage provided by the insurance policy, outlining what is covered and under what circumstances. It does not imply any alterations to the existing terms or coverage, which is the key focus of the question, rendering it incorrect.
D) a rider
A rider is specifically designed to modify or enhance the coverage of an insurance policy, making it the correct term for an agreement that alters the policy's terms or coverage. This makes it the most accurate choice in relation to the question posed.
Conclusion
The term "rider" specifically refers to modifications made to an insurance policy that can change coverage or terms, distinguishing it from the other options which do not fulfill this definition. The other choices either describe limitations or aspects of the policy that do not involve alterations, confirming that "rider" is the definitive correct answer.