A Reasonable Way to Overcome Some of the Risk of Adverse

question 34

Multiple Choice

A reasonable way to overcome some of the risk of adverse selection in the life insurance business can be accomplished by

• A)refusing to underwrite policies.
• B)term life.
• C)endowment life.
• D)variable universal life.
• E)variable life.

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Definitions:

General Partnerships

A business partnership in which all partners share unlimited personal liability for the debts and obligations of the business and share in the profits and losses according to their agreement.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Finance

The management of large amounts of money, especially by governments or large companies, including activities such as investing, borrowing, lending, budgeting, and saving.

RUPA

The Revised Uniform Partnership Act (RUPA) is a set of laws adopted by many states in the United States to govern the formation, operation, and dissolution of partnerships.