Which of the following statements regarding key-person coverage is NOT correct?
A) Premiums are paid by the business.
B) The business owns the policy.
C) The key person designates the beneficiary.
D) The business is the beneficiary."
Ans: C) The key person designates the beneficiary.
Business
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Indicate whether the statement is true or false
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Indicate whether the statement is true or false.
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