To reinstate a lapsed policy, the insured must do all of the following EXCEPT
A) pay all back premiums
B) sign a Notice to the Applicant Regarding Replacement
C) submit a written application
D) produce evidence of insurability, if required by the insurer"
Answer: B) sign a Notice to the Applicant Regarding Replacement
Business
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The placement of a building on its lot with regard to the surroundings is defined as:
a. situs b. orientation c. plottage value d. topography
Business
TDZ Manufacturing wants to change its distribution system from an indirect channel to a direct channel system. Which of the following should the company use to achieve this?
A) cash-and-carry wholesalers B) retailers C) full-function wholesalers D) traveling sales representatives E) dealers
Business