The Face Value of an Insurance Policy Is Never Received

question 168

True/False

The face value of an insurance policy is never received by the beneficiary when the interest income settlement option is chosen.

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Definitions:

Sarbanes-Oxley Act

U.S. legislation enacted in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations, increasing transparency and accountability in corporate governance.

Unlawful Conduct

Actions or behaviors that are illegal or prohibited by law.

Codes of Conduct

A set of rules outlining the responsibilities and proper practices for an individual or organization.

Business Ethics

Standards of conduct and moral values regarding right and wrong actions in the work environment.