A Policy That Covers a Number of People Under a Single

question 5

Multiple Choice

A policy that covers a number of people under a single contract issued to the employer

• A) group policy.
• B) individual policy.
• C) a government plan.
• D) a self-insured plan.

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Definitions:

Priority

The established order of importance or urgency, often used to determine the precedence of claims or rights.

Registers

Official lists or databases maintained for recording information, transactions, or names in a structured format.

Power of Sale

A clause in a mortgage or trust deed that gives the lender the right to sell the property if the borrower defaults on payments.

Realise on Security

The process of selling secured assets to recover the amount due on a loan in the event of default.