A tontine is:
A) a form of endowment insurance
B) used frequently to provide retirement income
C) a life insurance contract paying a death claim on the second person to die
D) one reason for the divisible surplus provision
D
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A contract is implied when the parties directly state its terms at the time the contract is formed.
Answer the following statement true (T) or false (F)
Two methods are available to prepare the operating activities section of a statement of cash flows. Which of the following statements regarding these two methods is false?
a. If a company uses the indirect method, it must separately disclose the cash payments made for interest and income taxes. b. If a company uses the direct method, it must present a separate schedule which reconciles net income to net cash from operating activities. c. Advocates of the direct method believe that the indirect method reveals too much by telling readers gross amounts of cash receipts and cash payments from operations. d. The FASB prefers the direct method, while most companies use the indirect method in practice.
Which of the following levels of the brand dynamics pyramid pertains to consumer's needs?
A) advantage B) relevance C) bonding D) performance E) presence
Give an account of the no-fault automobile liability insurance
What will be an ideal response?