A Document Attached to the Policy That Modifies Its Coverage

question 19

Multiple Choice

A document attached to the policy that modifies its coverage by adding or deleting a specified condition is called a(n) :

• A) rider.
• B) waiver of premium.
• C) automatic premium loan.
• D) beneficiary.
• E) incontestability clause.

---

Definitions:

Journal Entry

A record of a transaction in the general journal, indicating the accounts and amounts to be debited and credited.

Hours

A measure of time spent performing tasks or activities, often used in work, scheduling, and billing contexts.

Computer Equipment

The physical hardware used for the operation of a computer system, including the central processing unit, monitors, keyboards, and mice.

Residual Value

The estimated value of an asset at the end of its useful life, often used in calculating depreciation or lease payments.