Under an Individual Disability policy in Florida, what is the minimum schedule of time in which claims must be made to an insured?
Annually
Weekly
Monthly
Daily
The correct answer is "Monthly". Claims on an individual disability policies must be paid out at monthly intervals, at minimum.
You might also like to view...
Lakeside, Inc. estimated manufacturing overhead costs for the year at $371,000, based on 181,000 estimated direct labor hours. Actual direct labor hours for the year totaled 196,000. The manufacturing overhead account contains debit entries totaling $392,000. The Manufacturing Overhead for the year was ________. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $49,393 underallocated B) $49,393 overallocated C) $9800 underallocated D) $9800 overallocated
An American business manager makes a bribe to a foreign government official in a host country where such a bribe is not illegal. What would happen?
a. The manager will be punished by the host country because it must enforce American laws. b. Even if caught, the manager will not be punished because he did not break the host country’s laws. c. If caught, the manager may end up in an American jail because the bribe breaks American law even though it did not happen on American soil. d. At most, the American manager will have to pay a fine in the United States.
The percentage-of-sales procedure arises from the idea that uncollectible amounts will vary with the volume of credit business. The firm estimates the appropriate percentage by studying its own experience or by inquiring into the experience of similar firms. Default rates generally fall within the range of _____of credit sales
a. .01% to .02% b. 1% to 2% c. 10% to 20% d. 21% to 30% e. 31% to 40%
The debtor must supply the creditors and equity holders with a disclosure statement that
contains adequate information about the proposed plan for reorganization. Indicate whether the statement is true or false