Which of the Following Changes Would Tend to Increase the Premium

question 66

Multiple Choice

Which of the following changes would tend to increase the premium on a disability policy?

• A) A shorter elimination period
• B) Use of "any occupation" definition of disability instead of "own occupation to which one is reasonably suited"
• C) Decreasing the benefit level to 50% from 66% of prior earnings
• D) Decreasing the payment period from until age 65 to a maximum of 2 years
• E) None of the above would tend to increase the premium

Identify and understand the abbreviations and units of measurement specific to sheet metal.

Know the basics of sheet metal development drawings and their purpose.

Comprehend the factors influencing bending and forming of sheet metal.

Understand the process and terminologies involved in joining sheet metal pieces.

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Definitions:

Means of Production

The facilities, tools, equipment, and raw materials used to produce goods or services, typically owned and operated within economic systems like capitalism or socialism.

Economic System

The structure and methods by which a society organizes and allocates its resources, goods, and services, including systems such as capitalism, socialism, and communism.

Craft Unionism

A form of unionism where workers from a particular trade or craft form an exclusive union to secure better working conditions, wages, and employment standards for their members.

Union Membership

Denotes individuals who are formally part of a labor union, an organization that represents workers in negotiations with employers over wages, benefits, and working conditions.