I'm actually surprised that you didn't know this. I thought this was very common knowledge.
I figured someone would say this, in fact I had a feeling it would be you.
I was actually gonna add in that for some people will probably find it to be common knowledge but for me, especially considering that I have nothing to do with the insurance industry it was a new bit of info.
That being said, it is the kind of thing I would've thought I would've known