Benjamin Northcutt Has an Insurance Policy That Does Not Cover

question 88

Multiple Choice

Benjamin Northcutt has an insurance policy that does not cover cosmetic surgery like the nose job he would like to have. What provision in his insurance policy would specify this?

• A) Eligibility
• B) Assigned benefits
• C) Benefit limits
• D) Guaranteed renewable
• E) Exclusions and limitations

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Definitions:

Common Shares

Equity securities that represent ownership in a company, giving holders voting rights and a share in the company's profits through dividends.

Consolidated Financial Statements

Financial statements that show the aggregated financial position and results of operations for a parent company and its subsidiaries.

Subsidiary

A company that is controlled by another company, commonly known as the parent company, through ownership of more than half of its voting stock.

Unrealized Loss

A loss that results from holding onto an asset that has decreased in price, but has not yet been sold.