Recording The Time of Payment of Claims provision states that the intervals between Disability Income benefit payments may NOT exceed: SOA. two weeks O B. O C. O D. one month three months six months 0-562
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- 28- In all companies, each element of compensation may not be present. Management must select a mix of elements that suits their selling practices. In what proportions these elements are adjusted is a matter of company practice. How would you determine ONE of the following elements that ensures the stability and security for sales representatives? a. Variable element b. Fringe benefits c. Reimbursement of expenses d. Fixed elementIn Florida, claim payments must be made to an insured under an individual Disability policy AT LEAST: O A. weekly O B. O C. OD. biweekly monthly quarterly boardWhat are discretionary (voluntary) benefits programs and explain three of them (e.g., 401k, Employee Assistance Program, and Health Insurance)
- Elay for Revi Recording The Misstatement of Age provision in an Accident and Health policy allows an insurance company to take which of the following actions if an feared has understated the insured's age on the policy application? OA SOB. SO C. O D. Increase the premium Adjust the benefits Lapse the coverage Cancel the policy WebcasHoperates a manufacturing plant and carries a Business Income Form. This policy would cover: OA loss of earnings as the result of a recession loss of earnings as a result of fire damage to the building loss of earnings as a result of a discontinued product line employees loss of earnings due to a strike OD.Is this case exempt status of executive, professional, or administrative jobs? Is the job exempt or non-exempt? Why or why not? John Krauss was employed by National Bank for two years as an underwriter. As an underwriter, Kraussevaluated whether to issue loans to individual loan applicants by referring to a set of guidelines, knownas the Credit Guide, provided to him by the bank. The Guide specified how underwriters shoulddetermine loan applicant characteristics such as qualifying income and credit history. It also instructedunderwriters to compare such data with criteria set out in the Guide. The Guide contained standards forwhat qualified a loan applicant for a particular loan product. National Bank also provided supplementalguidelines and product guidelines with information specific to individual loan products. Krauss wasexpected to evaluate the applications using the Credit Guide and approving the loan if it met thestandards set. As such, he had no interactions with applicants…
- Tamara has requested your help in choosing a disability policy. She has been a successful trial attorney for 10 years and wants a policy that will pay a disability benefit if she can no longer work as a trial attorney, even if she is able to work in some other capacity in the legal profession. Which of the following disability definitions will provide this benefit? A)The enhanced own occupation definition B)The own occupation definition C)Reimbursement occupation definition D)The modified any occupation definitionExplain the term Allowances?Explain or define each of these terms:b. Minimax regret
- 7. What are the primary uses of the employee earnings | record?94 When originating a mortgage loan to purchase a non-owner-occupied loan application must reflect property, the A) the gross rental income. B) the appraised value of the property. C) that the seller paid closing costs at 6%. D) that the property will be an investment.What damages is the plaintiff likely to include in the lawsuit? Choose all that apply. Select one or more: OO 0 a. Pain and suffering b. Loss of income / future income c. Special damages d. Loss of enjoyment of life e. Reduction of life expectancy f. Cost of care g. General damages (other than damages named in other answers)