Ellen purchased a health insurance policy. Under the provisions of the Affordable Care Act, which of the following renewal provisions must the insurer use in the policy?
A) cancellable
B) guaranteed issue
C) renewable at the insurer's option
D) conditionally renewable
Answer: B
Business
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The maturity value of a note is the ________
A) principal amount minus interest due at maturity B) principal amount plus interest due at maturity C) face amount of the note D) principal amount times the interest rate
Business
Available-for-sale (AFS) investments that are expected to be held longer than a year are reported as ________
A) equity B) current assets C) long-term assets D) either current assets or long-term assets
Business