To determine the balance due on a loan, escrow requests
a. a closing statement.
b. a beneficiary statement.
c. a reconveyance.
d. an impound statement.
Answer: b. a beneficiary statement.
Business
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All of the following are required provisions in life insurance policies EXCEPT
A) a 1-month grace period for payment of premiums after the first payment has been made B) a replacement provision C) a reinstatement provision D) a misstatement of age provision"
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When Amy goes shopping for clothes, she goes into every store in the mall looking for the best deal. She
is very price conscious. On the basis of loyalty status, Amy can be described as ________. A) a switchcer B) a split loyal C) a shifting loyal D) a hard-core loyal E) an antiloyal
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