Vilma contacts her insurance agent, Edlyn, in February for travel insurance for a family vacation for herself and her two young children. They want to visit France in August and plan on staying there for a month. Edlyn encourages Vilma to purchase travel insurance that will protect her and her children while they are abroad. Vilma follows her advice and purchases the insurance since she is self-employed and does not have access to group insurance. When will the insurance company conduct its medical underwriting?
Vilma contacts her insurance agent, Edlyn, in February for travel insurance for a family vacation for herself and her two young children. They want to visit France in August and plan on staying there for a month. Edlyn encourages Vilma to purchase travel insurance that will protect her and her children while they are abroad. Vilma follows her advice and purchases the insurance since she is self-employed and does not have access to group insurance. When will the insurance company conduct its medical underwriting?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
113
Transcribed Image Text:Vilma contacts her insurance agent, Edlyn, in February for travel insurance for a family vacation for
herself and her two young children. They want to visit France in August and plan on staying there for a
month.
Edlyn encourages Vilma to purchase travel insurance that will protect her and her children while they
are abroad. Vilma follows her advice and purchases the insurance since she is self-employed and does
not have access to group insurance.
When will the insurance company conduct its medical underwriting?
Select one correct answer from the list
1. When she purchases the insurance.
2. A few days before she leaves for her vacation.
3. When she makes a claim.
4. There is no medical underwriting.
Test attachments:
Transcribed Image Text:Rowan works for a construction company that employs 40 employees. The company is newly
established, and the owners have yet to implement a group insurance policy. Rowan falls off the side of
a building and breaks his collar bone. The doctor informs him that he will be unable to work for five
months.
Who will pay him disability benefits while he is recuperating?
Select one correct answer from the list
1. His employer.
2 Employment Insurance.
3. Canada Pension Plan.
4 Workers' Compensation.
O O O O
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