A life insurance policy's limit of liability would be
A) determined by the Department of Insurance
B) the policy's face amount
C) the total premiums paid
D) determined by insurance company's reinsurer
Answer: B) the policy's face amount
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Each of the following is a major marketing method for the B2B one-to-many model except
A) electronic catalogs. B) forward auctions. C) one-to-one selling. D) reverse auctions.
What is the major advantage corporations have over other business entities?
A) It is easier for a corporation to raise capital than other forms of businesses. B) A corporation is treated as a separate legal entity for tax and legal purposes. C) A corporation's shares can be freely traded among its shareholders. D) All of the above are advantages that a corporation has over other business forms.