An insurer may pay its producer for the sale of a Medicare supplement policy only if
A) it is not a replacement.
B) the payment in the second year is no more than 200% of what was paid for selling or servicing the policy in the first year.
C) payment in the third and subsequent years is the same as what was paid in the first year.
D) the first-year payment is no more than 200% of what was paid for selling or servicing the policy in the second year.
Ans: D) the first-year payment is no more than 200% of what was paid for selling or servicing the policy in the second year.
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Lock Inc. has collected the following data concerning one of its products:
Unit sales price $145 Total sales 15,000 units Unit cost $115 Total investment $1,800,000 The ROI percentage is: a) 30%. b) 20%. c) 35%. d) 25%.
Based on the approved Contract to Buy and Sell, the buyer may terminate the contract if the loan terms in the buyer's subjective description are unacceptable.
a. true b. false