To Protect Policyholders,state Laws Place Limitations on a Life Insurance

question 19

Multiple Choice

To protect policyholders,state laws place limitations on a life insurance company's investments.The assets backing interest-sensitive products,such as variable life insurance and variable annuities,are not subject to these restrictions.Assets backing interest-sensitive products are placed in a special account called the life insurer's

• A)policy reserve account.
• B)policy loan account.
• C)separate account.
• D)policyholders surplus.

Understand the clinical applications and implications of certain drugs in treating mental health disorders.

Recognize the legal and procedural aspects of involuntary commitment and temporary assessment in psychiatric care.

Identify different therapeutic approaches and their foundational principles.

Understand the reasons and criteria for involuntary commitment to psychiatric hospitals.

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Definitions:

Privity of Contract

A doctrine in contract law that stipulates that only parties involved in the contract have the rights and responsibilities to enforce it.

Contract Rights

The legal benefits and obligations that are created by a contract for the parties involved.

Incidental Benefit

A non-intended advantage or favor a party receives from a contract made between other parties.

Mortgage Payments

Regular payments made to a lender, typically composed of principal and interest, for the loan taken out to purchase property.