What percentage of a company's employees must take part in a noncontributory group life plan?

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What percentage of a company's employees must take part in a noncontributory group life plan?

A. 0%
B. 25%
C. 75%
D. 100%

Answer: D. 100%

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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?

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