Question 5002 of 287 · Texas Life, Accident and Health Agent Exam
A business overhead expense (BOE) policy pays
Exactly one answer is correct.
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Correct answer to question 5002
- C: the ongoing fixed business expenses of a disabled owner, such as rent and salaries of employees
Explanation
BOE covers expenses that continue while the owner cannot work, for a limited period. Benefits are reimbursement of actual expenses, and premiums are tax deductible to the business.
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