Which of the following statements about the process of replacement is incorrect?
A. The replacing insurer must notify the original insurer within 3 days of the potential replacement.
B. The agent and the applicant must sign a statement as to whether replacement will be involved in the transaction.
C. A copy of the signed replacement disclosure statement must be left with the applicant.
D. Copies of any written illustration or comparisons used in the process of making the replacement do not need to be included with the submitted application.
Ans: D. Copies of any written illustration or comparisons used in the process of making the replacement do not need to be included with the submitted application.
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Figures are good for
A) Showing organization. B) Highlighting important points. C) Eliminating the needless repetition of words. D) None of the above.
In order to eliminate the need for the Asian supplier to borrow money, what could ABC do?
A) renegotiate with the hotel chain to try to get them to accept a smaller order size of lamps B) advise the shade manufacturer that it is okay to use lower-cost lamp shade material C) ask the hotel chain if they are willing to extend the manufacturing time specified in their purchase agreement D) make incremental payments to the supplier as lamp shades are shipped to ABC