« previous next »

Author Question: Which of the following statements is (are) true regarding exclusions in life insurance contracts? ... (Read 28 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jul 11, 2018
Which of the following statements is (are) true regarding exclusions in life insurance contracts?
 
  I. Life insurance policies are remarkably restrictive, including numerous exclusions.
  II. A life insurer may exclude death attributable to certain activities or hobbies disclosed on the application.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Which of the following statements is (are) true concerning the automatic premium loan provision?
 
  I. Unlike other policy loans, interest is not charged on automatic premium loans.
  II. The basic purpose of an automatic premium loan is to prevent a life insurance policy from lapsing.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Dominic

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Male coho salmon exhibit two alternative life history strategies. “Jack†Male coho salmon exhibit two alternative life history strategies. “Jackâ€ÂÂ
Ernst Haeckel's Tree of Life (1879) Ernst Haeckel's Tree of Life (1879)
The early stages of the human life cycle. The early stages of the human life cycle.
How to solve a half life problem involving exponential models (Question 2) How to solve a half life problem involving exponential models (Question 2)
A. Clara Peeters Still Life with Fruit and Flowers A. Clara Peeters Still Life with Fruit and Flowers
Butterfly life cycle stages June 6 2023 Butterfly life cycle stages June 6 2023
Video: Inflammation Animation

For a complete list of videos, visit our video library