Direct costs can be traced to specific units

The insured dies 6 months after the policy issue date. Upon death of the insured, it is determined that the applicant made a material misstatement on the application. What is the most likely course of action for the insurer?

A. Rescind the policy B. An administrative hearing by the DOI C. A hearing by a court of law to determine the appropriate actions D. No course of action allowed since the policy has already been issued

In a typical private equity buyout, a partnership is formed and private equity investors are contacted to pledge participation

Indicate whether the statement is true or false