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.
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Answer:
interest expense for October $ 27.25
Explanation:
900
+ 1,300 x 20/30
<u> + 100 x 15/30 </u>
1,816.67 average balance
Now we multiply this average balance by the interest rate of the credit card:
1,816.67 x 0.18/ 12 = 27.25
Answer:
<em>Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax. For the assessment year 2014-15, domestic companies are taxed at the rate of 30%.</em>
Explanation:
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Answer:
The correct answer is letter "D": Leading.
Explanation:
Managers have different functions within their organizations. The leading role implies setting an example of how work should be done in the entity. Managers should be the firsts applying what they request. By leading groups, managers guide employees to the organization's success without forgetting to attempt to fulfill workers' personal objectives.
Answer: Document the risk and calculate the expected monetary value based on the probability and impact of the occurrences.
Explanation:
Risk response refers to the development of strategic options to reduce the threats and enhance opportunities to the objectives of the project.
It should be noted that when new risks are identified, such risks go through the process of risk management and one needs to be able to know the risk probability and risk impact and then get to curtail them.