Which of the Following Is Provided for by Statute with Respect

question 13

Multiple Choice

Which of the following is provided for by statute with respect to life insurance?

• A) The beneficiaries must contribute to the payment of the premium on a prorated basis.
• B) Anyone can insure the life of a person who gives written consent to the contract.
• C) It requires a coinsurance clause that prevents coverage for less than its value.
• D) Life insurance contracts may require the payment of deductibles on loss.

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Definitions:

Price

The total of money that is predicted, demanded, or delivered in settlement for a product.

Law of Demand

A principle in economics that states the quantity demanded of a good falls as the price rises, and vice versa, all else being equal.

Pepsi

A carbonated soft drink produced and manufactured by PepsiCo, and one of the world's most famous and recognizable cola beverages.

Quantity

The quantity of a material or abstract item that is typically not measured in spatial terms.