A rider that assures premiums will be paid on a juvenile policy until the child reaches a specific age is called a(n)
A) waiver of premium rider
B) payor rider
C) automatic premium loan rider
D) juvenile waiver rider
Ans: B) payor rider
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Janssen Company has old inventory on hand that cost $24,000. Its scrap value is $32,000. The inventory could be sold for $80,000 if manufactured further at an additional cost of $24,000. What should Janssen do?
a) Sell the inventory for $32,000 scrap value b) Dispose of the inventory to avoid any further decline in value c) Manufacture further and sell it for $80,000 d) Hold the inventory at its $24,000 cost
An insurance company collected $31.0 million in premiums and disbursed $28 million in losses. Loss adjustment expenses amounted to $5.0 million. The firm is profitable
A. if dividends paid to policyholders is $4 million and income generated on investments is $4 million. B. if dividends paid to policyholders is $10 million and income generated on investments is $14 million. C. if dividends paid to policyholders is $6 million and income generated on investments is $2 million. D. if dividends paid to policyholders is $10 million and income generated on investments is $4 million. E. if dividends paid to policyholders is $4 million and income generated on investments is $2 million.