What would happen if a life insurance applicant is given a conditional receipt from an insurance agent and then dies the next day?
A) Claim will be denied by insurer
B) Claim will be paid if money was received by the insurance company
C) Claim will be paid if underwriter has received the application
D) Claim will be paid if application is approved
Ans: D) Claim will be paid if application is approved
Business
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All of the following have normal balances on the debit side except:
a. expenses. b. sales. c. sales returns and allowances. d. sales discounts.
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The removal of an intermediary, such as a human agent, from a value chain is called _____
Fill in the blank(s) with correct word
Business