Within how many days must a rollover be completed in order to avoid being taxed as current income?
Within how many days must a rollover be completed in order to avoid being taxed as current income?
a) 30
b) 60
c) 90
d) 120
Answer: b) 60
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