An incontestability clause prohibits an insured from entering a contest during the term of a policy.

Answer the following statement true (T) or false (F)


False

Business

You might also like to view...

A product consists of six parts. The reliabilities of these parts are 0.97, 0.95, 0.99, 0.93, 0.91, and 0.85. Calculate and indicate product reliability.

A. 65.6% B. 85.2% C. 86.1% D. 77.2%

Business

Rainey Company's true cash balance at October 31 is $5030. The following information is available for the bank reconciliation:Outstanding checks, $780 Deposits in transit, $540 Bank service charges, $105 The bank had collected an account receivable for Rainey Company, $1150 The bank statement included an NSF check written by one of Rainey's customers for $690. What was the unadjusted book balance at October 31?

A. $5270 B. $5825 C. $4780 D. $4675

Business

The OECD Guidelines for Multinational Enterprises encourages responsible conduct in which of the following areas?

A) Employment B) Bribery C) Environment D) Both b and c

Business

Which cash inflow will probably be discontinued after retirement?

A) Dividend and interest received from investments B) Pension payments C) Salary D) Social Security benefits

Business