Haya Obtains an Insurance Policy from Inviolable Insurance Corporation (IIC)

question 23

Multiple Choice

Haya obtains an insurance policy from Inviolable Insurance Corporation (IIC) .IIC may cancel,or refuse to renew,the policy because of

• A)Haya's appearance as a witness against IIC.
• B)Haya's gender.
• C)Haya's natjonal origin.
• D)none of the choices.

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Definitions:

Compounded Monthly

Interest on an investment calculated each month and added to the principal, increasing the amount on which future interest is computed.

End-Of-Month Payments

Payments made at the conclusion of a calendar month, often relating to salaries, bills, or loans.

Compounded Quarterly

The process of calculating interest on both the initial principal and the accumulated interest over four periods within a year.

Initial Deposit

The first sum of money placed in an account, marking the beginning of an investment or savings plan.