"Float" Has Been Largely Reduced Because of Electronic Payments and Improvements

question 70

True/False

"Float" has been largely reduced because of electronic payments and improvements in business-to-business relationships.

Comprehend the implications of multiple insurance policies on the same risk and how losses are shared among insurers.

Identify different types of insurance policies relevant to professional, business, and personal contexts.

Understand the concept of insurable interest and how it impacts insurance policies.

Analyze the role and obligations of insurance companies in claims investigation and settlement.

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Definitions:

S-1

A filing with the SEC used by companies planning on going public to register their securities.

S-4

A form filed with the U.S. Securities and Exchange Commission (SEC) related to mergers and acquisitions, containing significant information about the transaction.

S-8

S-8 is a form filed with the SEC used by publicly traded companies to register securities that will be offered to employees through an employee benefit plan.

Form 8-K

A report filed by publicly traded companies to announce major events that shareholders should know about, including acquisitions, disposals, and changes in control.