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Question
texas chapter 9 questions - inland marine
1.
an accounts receivable floaters does not cover any of the following. except for?
billing errors
bad debts
insured dishonesty
interest charges on a loan
Accounts Receivable Floaters typically cover risks related to billing errors, bad debts (due to customer insolvency or default), and insured dishonesty (employee theft or fraud affecting receivables). Interest charges on a loan are related to the cost of borrowing money and are not a risk or loss associated with accounts receivable that such floaters would cover.
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Interest Charges on a Loan