ANS
B) REINSTATEMENT
Reinstatement is the act of claiming a position after it has been removed from a person or an entity. In policy terms it is the restoration of a policy that has been terminated. In terms of insurance, it means that the policyholder gets back the policy after it has become void for lack of payment.
Life Insurar Life Insurance Certification Exam O 00-08:31 Question #16 of 50 Restoration of a lapsed...
Life Insurar Life Insurance Certification Exam 00:10:10 Question #17 of 50 Which of the following is NOT a dividend option? A) Cash B) Reduced premium C) Paid-up insurance D) Whole life insurance Previous Questinn17
Life Insurance Certification Exam 00:03:58 Question #14 of 50 The term nonforfeiture values refers to the fact that: A) when a policyowner stops paying premiums on a permanent policy, all premiums previously paid may be returned by the insurance company upon application B) when a term policy expires, the policyowner need not forfeit nis protection and may purchase permanent insurance for the same amount as the term policy within 30 days c) when a policyowner stops paying premiums on a...
00:16:47 Question #32 of 50 With regard to life insurance, all of the following statements are correct EXCEPT O A) a creditor has an insurable interest in a debtor WB) all individuals are considered to have insurable interests in themselves O C) insurable interest must be maintained throughout the life of the contract D) spouses are automatically considered to have insurable interests in each other Previous Question 32 - of 50 Chec s Reserved
Question 10of 12 Step 8 of 10 00:09 16 A manager for an insurance company beleves that customers have th 30 % prefer Universal Life, and 50 % sales manager's cdaimed proportions of customers who prefer each product using the data? e following preferences tor fe insurar ce products 20 %prefer week. prefer Life Annuities The results or a survey of 271 customers were tabulated. possble to refute the Product Number Whole 134 Universal11 Arnnuities 26 Copy Data Step 8...
It's one question but I have divided it into two parts. I was
able to make the Balance Sheet ending Dec 31, 2018. But with this
2019 having issue journal entry since my balance is not matching...
anyone's help with be highly appreciated. Journal Entry #23 is Tax
expense is 21% of Income before Income Tax
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