Multiple Choice
An automatic premium loan provision is designed
A) to pay premiums that are not paid when due to prevent lapse,
B) to reduce the amount of administrative time used to approve a policy loan,
C) to negate the necessity of loan approval by the insurer's loan committee,
D) to allow loans to automatically qualify if supported by superior collateral.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which of the following statements is true
Q3: Which of the following is not a
Q4: Match the descriptions with their terms:<br>-A policy
Q5: Match the descriptions with their terms:<br>-A/An _
Q6: Which of the following will generally be
Q7: Match the descriptions with their terms:<br>-A/An _
Q8: Which of the following statements is true
Q9: Credit life is a form of decreasing
Q10: Match the descriptions with their terms:<br>-The _
Q11: Match the descriptions with their terms:<br>-_ is