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Sholpan [36]
1 year ago
9

A provision stating that the insurer cannot dispute the validity of a policy after a specific period is called a(n) ______.

Business
1 answer:
Mazyrski [523]1 year ago
8 0

Incontestability clause - This tells us the insurance company may not contest the validity of the policy during the insured's lifetime for any reason, including fraud, if the policy has been in effect for a predetermined duration

What is incontestability clause?

An incontestability clause in a life insurance policy safeguards the policyholder and forbids the insurer from changing any aspect of the insurance coverage as a result of a misinterpretation or false statements made by the insured (the policyholder) after a certain amount of time. A life insurance policy's provider cannot revoke any statement after a specified period of time thanks to an incontestability provision. This provision is frequently regarded as offering policyholders the most robust defense.

Learn more about insurance here:

brainly.com/question/16267577

#SPJ4

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The company Andorinha Ltda. presented on 03/15/01 the total amount of R$1,500.00 in the account of Duplicates Payable; soon, on
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Answer:

a) Credit Balance R$1,000.00

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The Duplicates Payable represents a Liability in Andorinha Ltd records.

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Trade Payable-Duplicates R$500.000 (debit)

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<em>Effect on Balance of Duplicates Payable</em>

Decrease in Duplicates Payable by $500,000

Remaining Balance is $100,000 (credit)

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What law created the federal reserve system?
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3 years ago
A firm sells 1000 units per week. It charges $15 per unit, the average variable costs are $10, and the average costs are $25. In
erik [133]

Answer:

b. ​Continue operating as the firm is covering all the variable costs and some of the fixed costs

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A firm should shutdown operations if its price is less than average variable cost.

The price the firm sells is $15

Average variable cost is $10.

Price is greater than average variable cost in excess of $5.

The $5 covers some of the average fixed cost.

I hope my answer helps you

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