All of the following are requirements that must be satisfied before premiums are waived under a waiver-of-premium provision EXCEPT
A) The insured must furnish proof of disability to the insurer.
B) The insured must be disabled before some specified age, such as age 60 or 65.
C) The insured must satisfy the definition of disability.
D) The insured must satisfy a 2-year waiting period.
Answer: D
You might also like to view...
In no case can "market" in the lower-of-cost-or-market rule be more than
a. estimated selling price in the ordinary course of business. b. estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal. c. estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal and an allowance for an approximately normal profit margin. d. estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal, an allowance for an approximately normal profit margin, and an adequate reserve for possible future losses.
Explain the classification of advertising objectives
What will be an ideal response?