5. Which of the following actions showcases the principle of "uberrima fides"? O A. Lying about known medical conditions on an insurance proposal form O B. Not revealing known material facts on an insurance proposal form C. Disclosing known material facts on an insurance proposal form D. Paying premium on time

Q: What kind of insurance  forms may not be included in the comprehensive forms?

A: Insurance: Insurance is the protection against an individual or an asset for the financial losses…

Q: S1: It is more advantageous and beneficial to the insured if there are more riders included in the…

A: Rider in insurance industry is an additional benefit given to the insured for the enhancement of…

Q: Collision and comprehensive: Multiple Choice O O Only pay the insurer Only pay the insured Are…

A: The purchase of collision insurance is often only possible in conjunction with the purchase of…

Q: risk" factor

A: Risk is a term that shows the possibility of injury or loss to the health, business, vehicle, etc.…

Q: The promises of the insurer are found in the insurance policy. True False

A: True. The insurance policy contains the terms, conditions, and promises made by the insurer to the…

Q: When planning life insurance coverage, you should differentiate between ongoing expenses and…

A: The question is based on the concept used in planning life insurance coverage, Life insurance policy…

Q: Sick pay benefits that are related to an employee's services already rendered, whose payment is…

A: The right response is that accrual is necessary when the benefits both accumulate and vest. The…

Q: The least expensive form of whole life insurance protection is:   A. limited payment. B. term. C.…

A: Whole life insurance or straight life insurance protects the life of the covered. Both life…

Q: Can both moral hazard and adverse selection occur in the insurance market s the difference between…

A: The insurance industry is an important part of the overall financial industry. Insurance is bought…

Q: What is the consideration for the insurer in an insurance contract?

A: Contract:   Contract is an agreement among two parties or more parties which includes enforceable…

Q: S1: PFRS 17 allows and insurer to change its accounting policies for insurance contract only if, as…

A: The current set of questions is related to accounting practices for an insurance company in terms of…

Q: Health maintenance organizations (HMOs) provide health care to participants without requiring them…

A: The statement is true. Health Maintenance Organizations (HMOs) are designed to provide comprehensive…

Q: The company selling the insurance policy is the _________________. a. Insurer b. Policy c. Premium…

A: Insurance is a means of protection from financial loss.

Q: What other steps should be taken to make sure that the remaining balance in the prepaid account for…

A: Prepaid expenses are expenses that have been paid in advance but have not yet been incurred or…

Q: What does the insurer agree to pay for in addition to covering losses in an insurance policy?…

A: Insurance is a contract between the insurer and insured. In this contract, the insurer agrees to…

Q: hich type of insurance is not deductible as self-employed health insurance? a. Long-term care…

A: Deduction -Taxpayers have the option to itemize their deductions, which entails claiming deductions…