Which of the Following Statements Regarding Group Long-Term Disability Income

question 15

Multiple Choice

Which of the following statements regarding group long-term disability income insurance plans is (are) true?
I.These plans are usually limited to occupational disabilities.
II.These plans typically use a more restrictive definition of disability after an initial period,such as two years.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Guiding rules and standards that form the basis of financial accounting practices, ensuring consistency, reliability, and comparability of financial statements.

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The official currency of Canada, used in financial transactions within the country.

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The systematic recording, reporting, and analysis of financial transactions of a business.