In logistic regression,
a. there can only be two independent variables.
b. there are two dependent variables.
c. the dependent variable only assumes two discrete values.
d. the dependent variable only assumes two continuous values.
c
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When policy illustrations are used with senior citizen clients in California, which include non-guaranteed elements, a statement to that effect must be included with the illustration. Which of the following is true regarding this statement?
A. Non-guaranteed elements must be printed in bold type. B. Guaranteed elements must be in bold print and the non-guaranteed elements must be in plain type. C. Whether the print is in bold type or plain type is at the discretion of the insurer. D. According to the code, all policy illustration statements must be uniform and in plain type.
Which is a TRUE statement regarding trust deeds?
A. A trust deed is a two-party instrument. B. Legal title is held by the beneficiary. C. Trustor can reinstate up to five business days before sale. D. Foreclosure would wipe out all other encumbrances.