The optional other insurance in this insurer provision is specifically designed to
A) restrict an insured's coverage to 1 type of accident and health insurance
B) discount the premiums if more than 1 policy is issued to insure the same individual
C) limit the risk with any 1 individual insured by the insurance company
D) avoid issuing 2 policies on an insured person
Ans: C) limit the risk with any 1 individual insured by the insurance company
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All of the following are true regarding the taxation of life insurance products, except:
A. Annuity death benefits are paid out totally tax free. B. When an individual pays their own life insurance premiums they can not deduct them on their personal income taxes. C. Premiums paid by an employer on a non-contributory group plan are tax deductible as a business expense. D. All of the above are true
Value pricing requires a company to reengineer its operations to become a low-cost producer
Indicate whether the statement is true or false