Pennsylvania Life and Health Insurance Exam Practice Question
Which status indicator is selected for the account?
Correct Answer: B
Rationale: The status indicator "OB" signifies an active account, which is essential for ongoing transactions and services. This status ensures that the account is in good standing and ready for use.
Option A, "OA," typically represents an account that is inactive or on hold, making it unsuitable for current operations. Option C, "OC," often denotes a closed or terminated account, which would not allow for any further activity. Lastly, option D, "OD," usually indicates an account with overdraft issues, limiting its functionality. Therefore, "OB" is the optimal choice for an active and functional account status.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now