Al was named the beneficiary in his mother's life insurance policy. His mother died during the contestable period. The insurer denied payment, citing a material misrepresentation on the application
Al believes the insurer should pay the claim because the misrepresentation occurred on the application, and the application is not part of the formal agreement between the insurer and the policyholder. Which provision protects the insurer by making the application part of the formal agreement between the parties to the contract?
A) incontestable clause
B) entire contract clause
C) ownership clause
D) reinstatement clause
Answer: B
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Which of the following methods lends itself to forecasts for long-term emerging phenomena or revolutionary technologies?
A. the sales force estimate technique B. the delphi method C. the jury of executive opinion method D. market testing
CAD is
a. a cost allocating decision. b. computer aided downtime. c. a computer-based engineering system. d. an organizational environment.