T applies for a life insurance policy and is told by the producer that the insurer is bound to the coverage as of the date.
The correct answer is "Conditional receipt". A conditional receipt binds the insurer to coverage as of the date of the application or medical exam, provided the proposed insured is determined to be an acceptable risk.
Under a conditional receipt, the applicant and the insurance agency shape a "conditional" settlement this is contingent upon the situations that existed when an utility or medication exam is finished. It provides that the applicant is included right now as long as they bypass the insurer's underwriting requirements.
How is a conditional receipt nice described?
A conditional receipt is a document given to someone who applies for an coverage contract and has provided the preliminary top rate payment. This receipt manner that the character can handiest be insured if she or he meets the standards of insurability and is given approval by the insurance company.
How does a conditional receipt vary?
The distinction among a conditional binding receipt and a straightforward binding receipt is that a straightforward binding receipt requires the insurance organization to pay the dying gain as soon as the primary premium receives paid, whether or not the applicant is in the end approved or no longer. Conditional binding receipts are common.
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Walmart noticed that the packaging in some of their products only led to waste. Based from this observation, Walmart established a new policy requiring its toy suppliers to reduce the packaging of their products by one square-inch. Just from this reduction alone, Walmart's waste from packaging alone decreased by 3,500 tons.
Answer: c. Sydney can diversify 50% of her WillCo stock.
Explanation:
Employee stock ownership plan (ESOP) is simply referred to as an employee benefit where the employees of a particular company are given ownership interest as long as some certain criteria are met.
Once the workers become qualified participants, they can diversify certain percentage of their stocks. From the 1st-5th year, a qualified participant is allowed to diversify about 25% of his or her stock account and about 50% in the 6th year.
Based on the explanation, since Sydney has worked for WillCo for the last 20 years, Sydney can diversify 50% of her WillCo stock.
Answer:
B. On the declaration date
Explanation:
Dividend payable are usually advised by management but must be ratified by the shareholders (usually in the annual general meeting) for such to be come recognizable in the books. The date of ratification is the declaration date
As such a corporation record an increase in Dividends Payable on the declaration date.
The right option is B. On the declaration date
