Which of the following statements regarding conversion is TRUE?
A) The converted policy must be term insurance.
B) Conversion must be within 45 days from the date coverage is lost.
C) The converted policy may be any amount the insured chooses.
D) Premiums are based on the attained age at conversion.
Ans: D) Premiums are based on the attained age at conversion.
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When unemployment is low and/or businesses are growing at a high rate and require more employees, companies often find it difficult to _____.
Fill in the blank(s) with the appropriate word(s).
Which of the following is not considered to be a limitation of the government's approaches to classifying high-tech industries?
a. Some industries classified as R&D intensive do not exhibit revolutionary new products b. Because the government's approach is not objective or quantifiable, there is a high margin of error. c. Some industries that probably should be characterized as high-tech may be excluded d. Some industries classified as R&D intensive produce standardized output in mass quantities e. All of the above are considered to be limitations in the government's approach to classifying high-tech industries.