Which of the Following Is Used as Collateral When an Insurance

question 109

Multiple Choice

Which of the following is used as collateral when an insurance company issues policy loans?

• A)Expected premium payments.
• B)Existing policies.
• C)Unearned premiums.
• D)Guarantee funds.
• E)U.S.Treasury Bills.

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Definitions:

Jesuits

Members of the Society of Jesus, a Christian religious group founded in the 16th century, known for their educational, missionary, and charitable work.

Samuel de Champlain

A French explorer known for founding New France and Quebec City in the early 17th century.

Smallpox Epidemic

A widespread outbreak of the smallpox virus, a highly contagious and deadly disease, which has historically caused significant mortality and influenced the course of human history.

Hurons

A Native American tribe primarily located in the Great Lakes region, known for their role in fur trading in the 17th century.