Ambiguities - Study guides, Class notes & Summaries

401K Plan - A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollards Absolute Assigment vs. Collateral Asssigment - Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit - Policy provision that allows full or partial payment of the policy's death benefit before the insured's death if he/she i...

CLC 033 Questions and Answers with Certified Solutions Why is this continuous learning module necessary? Consider the following: Existing Department of Defense (DOD) contracting professionals could benefit from additional coverage of contract format and contract line item structure. The introduction of personal computers has decentralized contract drafting, resulting in more people being made responsible for constructing contracts. The downsizing of the DOD workforce has resulted ...

Accident - CORRECT ANSWER-An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - CORRECT ANSWER-A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - CORRECT ANSWER-Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment - CORRECT ANSWER-An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the ...

Accelerated Benefits - Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accident - an unplanned, unforeseen event which occurs suddenly and at unspecified place Accident Insurance - A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Bodily Injury - unplanned, unforeseen, traumatic injury to the body Accidental Death and Dismemberment (AD&D) - An insurance policy...

Six Steps in Performing Accounting Analysis correct answers 1. Identify Potential Accounting Policies 2. Assess Accounting Flexibility 3. Evaluate Accounting Strategy 4. Evaluate quality of disclosure 5. identify potential red flags 6. undo accounting distortions Asset distortions may arise from ambiguities about whether... correct answers -Fair values of assets fall below their book values (e.g. impairment) -Future economic benefits can be measured with reasonable certainty (e.g. R&D)...

401 k plan - Answer A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment - Answer Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit - Answer Policy provision that allows full or partial payment of the policy's death be...

Primerica UCanPass Practice 2023 Questions and Answers with complete solution 401 K Plan A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit Policy provision that allows full or partial ...

Wisconsin Health Insurance Latest Update 100% Correct Accident An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the insured...

Accident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - ANSWER A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Death and Dismemberment - ANSWER An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the insured dies, loses sight, or loses two limbs due to an accident Accidental Death Benefits - ANSWER A policy rider that s...

2. Farm Liability Coverage form - Coverage H - Bodily injury and property damage liability Coverage I- Personal and advertising injury liability Coverage J - Medical Payments 3 elements of insurable risk - 1. Financial (a monetary interest) 2. Blood (a relative) 3. Business (a business partner) 3. Mobile Agricultural machinery and equipment form - includes mobile devices used in everyday farm operation, such as accessories, tools and spare parts -open peril 4. Livestock coverage form - ...