Which of the following stalements is required by Long- Term care insurers when referring lo inflation proleclion in qualified Long-Term Care policies? A.All policies must include inflation protection.

Which of the following stalements is required by Long- Term care insurers when referring lo inflation proleclion in qualified Long-Term Care policies? A.All policies must include inflation protection.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following stalements is required by Long- Term care insurers when referring lo inflation proleclion in qualified Long-Term Care policies?

A.All policies must include inflation protection.

B.It is mandatory for the insurance companies lo offer consumers the option of inflation protection.

C.The insurance companies have the choice if hey want to offer inflation protection.

D.The purchaser must requesl inflation protection after lhe policy is issued.

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