In general, insurance companies generate their revenue from the payments received for policies and from the return earned from investing the payments until the funds are needed to cover claims
Indicate whether the statement is true or false.
Answer: TRUE
Business
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Standard cost should always be revised when they differ from actual cost.
Indicate whether the statement is true or false
Business
Although life insurance companies also provide health and accident insurance, they underwrite less than 35% of all health insurance policies.
a. true b. false
Business