Which of the Following Statements Is True of the Suicide

question 51

Multiple Choice

Which of the following statements is true of the suicide clause in a life insurance?

• A) The insurer is liable to pay in cases of legitimate suicides even if the life insurance policy had elapsed.
• B) The suicide clause has a specified date set.
• C) The insurer doesn't have to pay the beneficiary even if the suicide takes place after the specified date.
• D) The suicide has to occur within the specified date for payment.

---

Definitions:

Petty Cash Fund

A small amount of cash kept on hand for making immediate payments for miscellaneous, small expenses instead of writing checks.

Replenish

To fill up or restore to a previous level, often used in the context of inventory or supplies.

Internal Control

A process designed to ensure the safety and efficiency of the financial operations of a company, along with compliance with laws and accuracy in reporting.

Sales Clerks

Employees responsible for assisting customers, processing transactions, and managing products within a retail environment.