Vidyalelo
Commerce · Q354

Insurance

Graduate and Post Graduate · Commerce · question 354

Q354

Which one of the following statements is correct?

A.
In the case of SSS policies, renewal premium receipts are issued
B.
In the case of SSS policies, FPRs are issued
Answer
C.
Both the statements above are correct
D.
Both the statements above are wrong

Answer: Option B

Solution

Answer: Option B
Solution:
In the case of SSS policies, FPRs are issued. SSS is like an insurance program mandated by the government to all income earners or workers in the Philippines.