Question

What is partnership insurance?

a.

Insurance that covers a partnership against losses due to market fluctuations

b.

Insurance that provides financial support to the partners in case of a dispute

c.

Insurance that provides funds to buy out the share of a deceased partner

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (c).Insurance that provides funds to buy out the share of a deceased partner Explanation:Partnership insurance is a type of life insurance that provides funds to buy out the share of a deceased partner in a partnership business.

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