A bank that provides financing for the purchase of an auto may require the insured to name the bank on an auto policy to this situation, the bank would have A fiduciary responsibility to the insurer An insurable interest in the auto A surety interest in the auto Rights of subrogation
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A bank that provides financing for the purchase of an auto may require the insured to name the bank on an auto policy to this situation, the bank would have
- A fiduciary responsibility to the insurer
- An insurable interest in the auto
- A surety interest in the auto
- Rights of subrogation
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- Ma3. what is the percentage for which the CARES act provision allows an exception to early withdraweal tax for a coronavirus-related distribution (CRD),from a qualified retirement plan, a 403(b) plan, or an IRA? 10%,20%, 15%,or 30%3341 An insured's home is covered for $10,000 under HO-3 Form. During a violation in France, personal property valued at 3,000 is stolen from the insured's hotel room. What is the MAXIMUM amount that the insured will be reimbursed by the insurance company? a. $3,000 b. $2,400 c. $300 d. $0 3342 Which of the following policy provisions governs settlement of a claim when the insurer cannot agree on the value of the covered loss? a. apportionment b. appraisal c. assignment d. abandonmentDrawbacks of moratorium for banks during Covid-19?
- Question content area Part 1 The potential market represents all active duty military members, allveterans, and their families. Assume that according to the United States Department of Defense, as ofDecember 31, last year there were 1 comma 361 comma 597 active duty personnel in all armed services.The veteran population totaled 21 million last year. Assuming the average cost of life insurance is $750 peryear and that potential customers purchase one policy per year, use the chain ratio method to calculatethe market potential for life insurance in the military market. Hint: see the Market Potential and SalesEstimates section of Appendix 3 Marketing by the Numbers in your textbook. Part 2 The number of buyersin the market can be estimated as 22,361, 597. (Round to the nearest whole number.) Part 3 Themarket demand is estimated as $16.77 million. (Round to the nearest whole number.)A6. Which of the following provisions can an insured use lo pul a policy in force that has lapsed as a resull of nonpayment of premium? A.Reinstatement B.Regal Actions C.Grace Period D.Time Limil on Certain Defensesq 15 q16 needed
- Can a debtor be put in delay and consequently, incur liability even without demand from creditor? explainJack Reminds Samuel that, as an early career professional, he’s only making a fraction of the average American household income used in the chart ($78,635). So, he recommends Jack calculate what his monthly Pension & Personal Insurance cost would be if it was in proportion to the salary he’s making. How much would this be?Discuss the arguments for and against the acceptance of gratuities by law enforcement
- Which of the followig is not one of the purposes of having a deductible in insurance contract: A) Reduce incidents of adverse selection B) Reduce moral and morale hazard C) Reduce premiums paid by the insured D) Eliminate small claims that are expensive to handle and processMuriel Evans writes the following note on the back of an envelope: "I, Manuel Evans, promise to pay Karen Marvin or bearer $100 on demand." Is this a negotiable instrument? Why or why not? Explain your responseThe Additional Insured—Vendors (HO 07 51) endorsement to a homeowners policy extends the definition of insured to include The property manager of the insured premises. Lessor(s) of the insured's premises. Independent contractors or agents named in the schedule. Mortgageholder(s) of the insured premises.