Author Question: All of the following statements about conditions under a Homeowners 3 policy are true EXCEPT A) ... (Read 64 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
All of the following statements about conditions under a Homeowners 3 policy are true EXCEPT
 
  A) If an insurer broadens coverage without an additional premium during the policy period, the broadened coverage applies immediately to the present policy.
  B) A waiver or change in any policy provision must be approved in writing by the insurer to be valid.
  C) The insurer must give written consent for an assignment of the policy to be valid.
  D) If the named insured dies, coverage automatically ceases with respect to any property of the deceased.

Question 2

Jones, Inc. has a current ratio equal to 1.40. Which of the following transactions will increase the
  company's current ratio?
 
  A) The company pays back 50,000 of its long-term debt.
  B) The company collects 500,000 of its accounts receivable.
  C) The company sells 1 million of inventory on credit.
  D) The company writes a 30,000 check to pay off some existing accounts payable.


jointhecircus

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

Answer: D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

For a complete list of videos, visit our video library