In Most Canadian Jurisdictions, ________ Can Be Obtained on an Individual

question 44

Multiple Choice

In most Canadian jurisdictions, ________ can be obtained on an individual basis with an insurance corporation, but it is more often acquired by businesses as part of an employee benefits package.

• A) property insurance
• B) business interruption insurance
• C) liability insurance
• D) disability insurance
• E) professional liability insurance

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Definitions:

Effective Rate

The Effective Rate is another term for the Effective Annual Rate, highlighting the true return on an investment or the true interest rate on a loan, after compounding.

Unpaid Balance

The portion of a loan or debt that has not yet been repaid to the lender.

Department Store

A large retail establishment that sells a wide variety of goods in various departments within the same building.

Effective Rate

The actual interest rate an investor receives after taking into consideration compounding.