When Applying the Birthday Rule, If Policyholders Have Identical Birthdays

question 24

Multiple Choice

When applying the birthday rule, if policyholders have identical birthdays, the policy in effect the __________ is considered primary.

• A) longest
• B) shortest

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Definitions:

Sweatshops

Workplaces, often in the manufacturing sector, that have poor working conditions, unfair wages, unreasonable hours, and may involve child labor.

Dodd-Frank Act

Formally known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, a comprehensive piece of financial reform legislation passed in 2010, aimed at reducing risks in the U.S. financial system.

Convictions

Firmly held beliefs or strong persuasions towards particular principles or courses of action.