Insurance Company violates a state licensing statute when selling a policy to Jay, in whose state it is not licensed to sell insurance. As a member of the class of persons protected by the statute, Jay can
A. none of the choices.
B. enforce the policy and recover from the insurer.
C. obtain a license to sell insurance and a list of the insurer’s customers.
D. collect benefits under the policy immediately.
Answer: B
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A company uses the weighted-average method for inventory costing. At the end of the period, 22,000 units were in the ending Work in Process inventory and are 100% complete for materials and 75% complete for conversion. The equivalent costs per unit are materials, $2.65 and conversion $5.35. Compute the cost that would be assigned to the ending Work in Process inventory for the period.
A. $176,000. B. $87,725. C. $132,000. D. $146,575. E. $93,775.
Peter, a 35-year-old white man, is in a production unit with one other white man, two women, and a Hispanic man. Over the past year, the two women and the Hispanic man have received the best assignments. On two occasions when Peter requested a specific assignment because he felt it was more interesting and offered more learning opportunities, his request was denied and the assignment was given to one of the women. Peter is experiencing
A. sexual harassment. B. retaliation. C. affirmative action. D. reverse discrimination.
An understatement of ending inventory will cause
A. An overstatement of assets and equity on the balance sheet. B. An understatement of assets and equity on the balance sheet. C. An understatement of assets and an overstatement of equity on the balance sheet. D. An overstatement of assets and an understatement of equity on the balance sheet. E. No effect on the balance sheet.
The board of directors of each corporation involved must approve a share exchange.
Answer the following statement true (T) or false (F)