A Rider Is Any Document Attached to the Policy That

question 52

True/False

A rider is any document attached to the policy that modifies its coverage by adding or excluding specified conditions or altering its benefits.

---

Definitions:

Dividends Payable

A liability account that records the amount of dividends that a company has declared but not yet paid to its shareholders.

Cash

denotes money in the form of currency, including banknotes and coins, which is used to conduct transactions.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders in the company.

Cash Dividend

A payment made by a company out of its earnings to shareholders, usually in the form of cash.