Right to ______________when a director is involved in litigation by virtue of his/her position, the director has a right to be reimbursed for the legal costs and damages.

Which statement about reinstatement is false?

A. Reinstatement usually requires an application with underwriting questions, but may not require any physical exams. B. Reinstatement requires payment of past due premium plus interest. C. A reinstated policy's premium is based upon the insured's original age. D. The reinstated policy is incontestable if the first time it was in force it already passed the two year mark.

If the manufacturer of a sophisticated new consumer electronics product determines that many target consumers qualify as "innovators" and "early adopters" with relatively inelastic demand curves, the company should use the ________ pri

A) gray market B) skimming C) penetration D) market holding E) cost-based