All of the following statements about the requirements to reinstate a lapsed life insurance policy are true EXCEPT
A) Evidence of insurability is required.
B) The lapse must have resulted from other than the surrender of the policy for its cash value.
C) All overdue premiums must be paid along with interest from the premium due dates.
D) There is no time limit on when the policy may be reinstated.
Answer: D
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Which of the following is the major difference between the accounting for equity securities and debt securities?
A) Debt securities are classified as liabilities, while equity securities are classified as assets. B) Debt securities are classified as trading investments, while equity securities are classified as held-to-maturity investments. C) Debt securities earn interest revenue, while equity securities earn dividend revenue. D) Debt securities of all types have a maturity date, while only a few equity securities have a maturity date.
Which of the following is a goal of the opening of a presentation?
A) Establishing rapport with the audience B) Analyzing the requirements of the audience C) Identifying the tools that will be needed to be used during the presentation D) Presenting information using patterns E) Visualizing the outcome of the presentation