In general, insurance companies generate their revenues from
A) receiving payments for policies.
B) investing the proceeds of premiums until the funds are needed to cover losses.
C) the increases in the value of their corporate stock.
D) Both A and B are correct.
Answer: D
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Which of the following is NOT regarded as reasonable accommodation?
A. A firm modifies its examinations and selection procedures to enable applicants of the minority community to fare better. B. A software firm changes its work schedule to accommodate employees of certain religious faiths. C. An employee is granted leave on a certain date to perform religious activities. D. A medium-sized firm changes a job assignment so that an employee with disability can work with ease. E. A small firm changes the design and structure of the building to allow access to wheelchairs.
Bill purchased a nonparticipating life insurance policy. The cash value was based on the insurer's present mortality, expense, and investment experience. His premium was guaranteed for an initial period, and is "re-determined" after three years. Bill purchased:
(a) universal life insurance (b) variable life insurance (c) current assumption whole life insurance (d) indeterminate-premium whole life insurance