Which of the following statements pertaining to reinstatement of a life insurance policy is CORRECT?
A) A new contestability period is renewed with a reinstated policy.
B) The insurance company will make all beneficiaries prove insurability before reinstatement.
C) When reinstating a policy, the insurer will change the premium based on the insured's attained age.
D) Reinstatement is only available to policyowners who have intentionally surrendered their life policies."
Ans: A) A new contestability period is renewed with a reinstated policy.
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An employee whose regular hourly rate is $10 and whose overtime rate is 1.5 times the regular rate worked 48 hours in one week. In the payroll register, the employer should record an overtime premium of
A. $480. B. $240. C. $80. D. $40.
As financial circumstances for schools and leagues become more strained, these job areas are being asked to perform more fund-raising activities at the youth sport level.
A. Coaches only B. Administrators only C. Coaches and administrators D. Neither coaches nor administrators, parents pay an athletic fee instead