A/An ________ letter of credit is intended to serve as a means of arranging payment, but not as a guarantee of payment

A) irrevocable
B) revocable
C) confirmed
D) unconfirmed

Answer: B

Business

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All individual health insurance policies must include a notice of claim provision requiring that a written notice of claim must be given to the insurer within how long after the occurrence of the loss?

A) 24 hours B) 20 days C) 5 days D) 10 days

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Self-insurance is

A) illegal in many states B) practiced by organizations that establish reserves to protect themselves against loss C) available through the federal government D) insurance written by an insurer on itself"

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