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Reika [66]
3 years ago
12

"The __________ provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force."

Business
1 answer:
Vesna [10]3 years ago
6 0

Answer:

The correct answer is Reinstatement.

Explanation:

The Reinstatement provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force.

A reinstatement clause is a clause in insurance policy which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.

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Which of the following is a step in the investment planning process?
dalvyx [7]
A.  You have to know how much risk you are willing to take in order to figure out what sort of investments will fit your needs.

b-d are not only wrong, but very poor strategies in general.
8 0
3 years ago
The following transactions occurred during December 31, 2021, for the Falwell Company. A three-year fire insurance policy was pu
Leya [2.2K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

1. Insurance expense for 6 months = 12,960 x 6/36

= $2,160

Prepaid insurance on December 31, 2021 = 12,960 - 2,160

= $10,800

2.Interest expense for 2 months = 220,000 x 12% x 2/12

= $4,400

Kindly comment if you need further assistance. Thanks

Download xlsx
7 0
3 years ago
Rayna provides a significant amount of information to others across a wide array of products, including durables and nondurables
Nonamiya [84]

Answer:

market maven

Explanation:

Market maven -

The term is associated with the person, who has the complete knowledge of the goods and services and the market , is referred to as a market maven.

A market maven has a lot of connection with various people and is very well - versed on the current state of the market , and has some discreet information which a normal person can never get access to .

The very so famous market maven are - George Soros , John Bogle and Warren Buffett.

Hence , from the given scenario of the question,

The correct answer is market maven .

7 0
3 years ago
The three common types of checking accounts are basic, interest-bearing, and lifeline?
otez555 [7]

Answer:

True

Explanation:

Quizlet: Name three common types of checking account? basic checking account, interest-banking checking account, and Lifeline checking accounts.

3 0
2 years ago
All definitions are correct except: Leverage: using other people's money. Equity buildup: As the loan is paid, the amount an inv
Verizon [17]

The definition that is not correct is that Leverage: using other people's money.

<h3>What is leverage?</h3>

When it comes to property, using leverage means borrowing money from a bank or financial institution.

Leverage is therefore not a simple matter of using other people's money, but rather using complex loan instruments from institutions.

Find out more on property mortgage at brainly.com/question/22598793.

#SPJ12

7 0
2 years ago
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