The Norris and Manhart Cases Resulted in Which of the Following

question 32

Multiple Choice

The Norris and Manhart cases resulted in which of the following outcomes?

• A)made insurance intrastate commerce
• B)made it illegal to charge men and women different life insurance premiums
• C)equalization of pension payments between men and women
• D)made it illegal to use gender as an underwriting factor in any type of insurance

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Definitions:

Allowance Method

An accounting technique used to account for bad debts by estimating and recording uncollectible accounts receivable.

Outstanding Receivables

The total amount of money owed to a company by its customers for goods or services delivered but not yet paid for.

Allowance for Doubtful Accounts

A reserve for accounts receivable that may not be collectable, reducing the book value of accounts receivable to a more realistic value.

Cash Loan

A financial agreement where a borrower receives a specific amount of cash from a lender and commits to repaying it over time, along with interest.