Once a Risk Management Plan Is in Place,the Insurance Programs

question 54

True/False

Once a risk management plan is in place,the insurance programs that were set up should remain the same even as family needs change.

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Definitions:

Merchants

Individuals or entities involved in the wholesale or retail sale of goods.

Monthly Payments

Regular payments made once a month, often used in the context of loans, leases, and other forms of financing.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Assignment

The transfer of rights, property, or obligations from one party to another, often seen in contracts and legal agreements.