Unclosed Business Can Be Described As

question 56

Multiple Choice

Unclosed business can be described as:

• A) A business that has been rendered inoperable but is covered by a general insurance contract and will be restored.
• B) A situation where an insurer has agreed to accept the risk before the appropriate policy contract has been completed.
• C) Business written close to balance date where the attachment date is post balance date.
• D) A situation where the unearned portion of the premium needs to be estimated to be included in premium revenue.
• E) None of the given answers.

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Definitions:

High-Fiber Foods

Foods rich in dietary fiber, beneficial for digestion and potentially reducing the risk of chronic diseases.

Nutrient-Dense Meals

Foods or meals packed with a high amount of nutrients but relatively low in calories, essential for a healthy diet.

Acquired Immunodeficiency Syndrome

A viral disease affecting the immune system, making it hard for the body to fight infections.

Kilocalories

A unit of energy measurement in food, commonly called calories, equivalent to 1000 true calories.