According to Florida law, which of the following statements accurately describes an admitted mail order insurance company?
It may solicit insurance business by mail without the assistance of a licensed agent
It may solicit insurance business by mail only with the assistance of a licensed Florida agent
Admitted mail order insurance companies are illegal in Florida
Admitted mail order insurance companies cannot solicit insurance business outside the state of Florida
The correct answer is "It may solicit insurance business by mail without the assistance of a licensed agent". An admitted mail order insurance company may solicit and accept business by mail without the aid of a licensed agent.
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Which format has experienced increased usage in sponsorship programs?
A) television advertising B) hits C) blogs and social media D) public relations
A common-size income statement expresses each expense and net income as a percentage of
a. assets. b. revenues. c. liabilities. d. expenses. e. shareholders' equity.
Which of the following is true regarding the U.S. Internal Revenue Service?
a. The IRS permits firms to use the allowance method to calculate the tax deduction for bad debts. b. The IRS requires that firms recognize bad debt expense only when they conclude an account is not collectible. c. The IRS permits firms to use the aging of accounts receivable method to calculate the tax deduction for bad debts. d. The IRS permits firms to use the percentage of sales to calculate the tax deduction for bad debts. e. The IRS permits firms to use the cost of goods sold method to calculate the tax deduction for bad debts.
Flexible benefits – where employees can create their own benefits package to meet individual needs – are also referred to as which of the following:
a. retail benefits b. restaurant benefits c. cafeteria benefits d. matching benefits