What is the key feature of a reimbursement contract?

The correct answer focuses on the specific characteristic of a reimbursement contract, which is designed to compensate the policyholder only for the actual losses they incur. This means that when a loss occurs, the insurance company will reimburse the insured for the exact amount of financial loss experienced, up to the limits of the policy. This approach ensures that the policyholder is not profiting from an insurance claim but is instead made whole based on the real damages they suffered.

In contrast, other choices describe different types of contract structures. For instance, some contracts that pay a fixed sum do not consider the actual loss amount, which might lead to an insured receiving a set sum regardless of the damage incurred. Additionally, contracts that provide benefits for future claims or utilize group agreements are structured differently and do not reflect the direct compensation mechanism of a reimbursement contract, which is explicitly tied to the amount of loss incurred.