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:

SOAP

An acronym for Subjective, Objective, Assessment, Plan; a method used in medical documentation.

Subjective

Based on or influenced by personal feelings, tastes, or opinions, as opposed to objective facts.

Acronym

A word formed from the initial letters of a phrase or series of words.

Antipyretic

A type of medication or substance that reduces fever.