Examlex
Which of the following statements is (are) true concerning the automatic premium loan provision?
I.Unlike other policy loans,interest is not charged on automatic premium loans.
II.The basic purpose of an automatic premium loan is to prevent a life insurance policy from lapsing.
Deregulation
The process of removing government regulations and restrictions from certain areas of business or sectors of the economy to encourage efficiency and competition.
Reagan Presidency
The period of American leadership under Ronald Reagan, the 40th President of the United States, from 1981 to 1989, noted for its conservative policies.
Great Society
A set of domestic programs in the United States, launched by President Lyndon B. Johnson, aimed at eliminating poverty and racial injustice.
Privatization
The process of transferring ownership of a business, enterprise, agency, or public service from the government to private individuals or organizations.
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