Which market index is normally associated with an indexed annuity's rate of return?
Which market index is normally associated with an indexed annuity's rate of return?
a) NAIC
b) SEC
c) S & P 500
d) A & P 300
Answer: c) S & P 500
An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?
An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B