All of the following are requirements that must be satisfied before premiums are waived under a waiver-of-premium provision EXCEPT
A) The insured must furnish proof of disability to the insurer.
B) The insured must be disabled before some specified age, such as age 60 or 65.
C) The insured must satisfy the definition of disability.
D) The insured must satisfy a 2-year waiting period.
Answer: D
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a. Under U.S. GAAP, firms must test property, plant, and equipment for possible asset impairment when conditions indicate that a significant decrease in fair value has occurred. b. Under U.S. GAAP, firms initially compare the undiscounted cash flows expected from the asset to the asset's carrying value. c. Under U.S. GAAP, a fixed asset impairment occurs when the asset's carrying value exceeds the undiscounted cash flows. d. Under U.S. GAAP, the amount of the recognized impairment loss is the excess of the carrying value over the fair value of the asset. e. all of the above
Free trade areas are compatible with GATT
Indicate whether the statement is true or false
Which of the following is an unlikely objective of U.S. government policy for the taxation of foreign MNEs?
A) to raise revenues B) to provide an incentive for U.S. private investment in developing countries C) to improve the U.S. balance of payments D) All of the above are objectives.
A tariff is a duty or tax most commonly imposed by a government on exported goods
a. True b. False Indicate whether the statement is true or false