If your homeowner's insurance premium is $1,000 and your deductible is $2000, what could be considered the strike price of the policy if the home has a value of $120,000?

A)

$118,000

B)

$120,000

C)

$117,000

D)

$122,000

Answer:

A

Business

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The replacement regulation does NOT apply to which of the following?

A) Individual annuity contracts. B) Group life insurance. C) Limited-pay life policies. D) Endowment insurance.

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