Thomas, an insured, submits a claim and a proof of loss for medical expenses covered by his major medical policy. According to the time of payment of claims provision, how soon must the company pay the claim?

A) Within 30 days
B) Immediately
C) Within 150 days
D) Within 90 days

Ans: B) Immediately

Business

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Indicate whether the statement is true or false.

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Firms should compare their gross, operating and net profit margins to past years and other companies in order to

A) evaluate the firm's performance. B) identify expenses that seem to be out-of-line C) better manage the reporting of the firm's earnings. D) Both A and B.

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