Sign in to Google to save your progress. Learn moreRequiredANSWER ALL QUESTIONS1. Insurable interest refers toO A. the item to be insured should be legal and not against public policyO B. accidental, unintentionally and randomly occurred lossO C. a legally recognized relationship between the insured and the financial lossO D. risk that have high frequency and high severity2. When two or more policies cover the same loss, the right of the one insurer tocall upon the othe

Insurable Interest forms subject matter of all insurance policies and is defined as follows

Answered: 1. Insurable interest refers to O A.…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter10: Managing Property And Liability Risk

Section: Chapter Questions

Problem 3FPC

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S1: It is more advantageous and beneficial to the insured if there are more riders included in theinsurance contract. S2: Life insurance policies, unlike other properties, do not requiresupervision or frequent examination to minimize risk and maximize results. A. S1 and S2 are trueB. S1 and S2 are falseC. Only S1 is trueD. Only S2 is true
Chapter 15 Please remember that you must do your own work. Any plagiarism will result in a grade of zero for all students involved. Please use your own words even if you are using the textbook for answers. Always provide a citation when a reference is used. The purpose of deductibles in property insurance policies is to reduce the number of small claims that are costly to adjust and provide claims service. The purpose of deductibles and coinsurance in health insurance is quite different. Discuss the purpose of deductibles and coinsurance in health insurance and the need for insureds to share in those types of costs. A. Describe a person (individual or family) who would likely benefit from establishing a health savings account (HAS) B. Briefly explain the major characteristics of a health savings account (HSA). A. Explain the following renewal provisions that may appear in individual health insurance policies: Guaranteed renewable: Noncancelable: Conditionally renewable:…
Wwhat are the answrs for b Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
You may have heard that Social Security is in danger of failing. Why? Is the sky falling? What might be done to correct the situation? Use some of the things that you have learned in this chapter to come up with some Ideas to fix Social Security.
Question: 1) Which of the following is an example of mandatory deduction? A) Medical insurance. B) Union subscription C) Life insurance D) FNPF required: please answer this question by choosing the right option. *right/correct answer*
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Please show Clear Answers and Negative (-) Amount if it includes one. Thank You For the Help!
Match with the best answer. /15 Insurance for Owners, Partners and Key Employees The loss of a key person can devastate your business and your livelihood. These types of insurance can help protect your business and your family from potential risks: 1. ____ Life insurance A. If you rely on certain key people to help run your business, you can take out key person insurance, so that your business will be protected in the event of the death of a key person. 2. ____ Disability insurance B. Provides you with a lump sum benefit, if you are diagnosed with a critical illness. 3. ____ Partnership insurance C. Will provide you with income for a specified period of time, if you are unable to work due to an injury or illness. 4. ____Critical illness insurance D. If your business partner passes away, partnership insurance will allow you to purchase the shares and continue running the business. 5. ____ Key person insurance E.…
The duties of an agent when filling out an application include all of the following EXCEPT: A: Make sure all required signatures are collected B: Help the insured make up creative answers to stretch the truth about a past health issue to get the best possible coverage C: To have all parties on the application initial any and all changes D: To make sure that the insured answers all questions to their best knowledge and belief
1) Why did you make the choices you did? What are the costs and benefits of these choices? 2) What will you need to do to ensure that you carry out this plan to fidelity? 3) What potential pitfalls do you need to avoid? 4) What obstacles, personal and systemic, might you face trying to implement your plan? PLEASE HELP AND ANSWER THESE QUESTIONS.
A's cargo ship base was punctured due to rats and so sea water entered and cargo was damaged. Here there are two causes for the damage of the cargo ship - (i) The cargo ship getting punctured because of rats, and (ii) The sea water entering ship through puncture. The cargo ship was insured with B. What do you think? 1. Whether B pays an insurance claim to A in this scenario, give reason? 2. State the different principles of Insurance and explain the one on the basis of which this case is decided.

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1. Insurable interest refers to O A. the item to be insured should be legal and not against public policy B. accidental, unintentionally and randomly occurred loss O C. a legally recognized relationship between the insured and the financial loss O D. risk that have high frequency and high severity