Whereas some states require that a plaintiff in a divorce proceeding be a resident of that state to meet the residency requirements, other states require that only the defendant need be a resident in order to file for a divorce

Barb purchased a whole life policy on her son, Tom, twelve years ago. She named herself the beneficiary. Tom, now age 19, would like to take out a policy loan to help fund the purchase of a sports car. Barb does not believe that Tom has the right to take out a policy loan. Which contractual provision supports Barb's position?

(a) the assignment clause (b) the incontestable clause (c) the reinstatement clause (d) the ownership clause

What type of risk focuses upon future contingencies?

A. Liquidity risk. B. Interest rate risk. C. Credit risk. D. Foreign exchange rate risk. E. Off-balance sheet risk.