e following is an example m diversion Catements in official filings a fake insurance policy resentation on an insurance application tment is burglarized while she is on vacation, and a few pieces of jewelry me are stolen. She files an insurance claim, stating that all of her jewelry Which of the following best describes the act that Sally is engaging in? presentation of contract

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Sally's apartment is burglarized while she is on vacation, and a few pieces of jewelry she left at home are stolen. She files an insurance claim, stating that all of her jewelry was taken. Which of the following best describes the act that Sally is engaging in?
3. Which of the following is an example
monies?
a. premium diversion
b. false statements in official filings
Oc. issuing a fake insurance policy
Od. misrepresentation on an insurance application
4. Sally's apartment is burglarized while she is on vacation, and a few pieces of jewelry
she left at home are stolen. She files an insurance claim, stating that all of her jewelry
was taken. Which of the following best describes the act that Sally is engaging in?
O a. misrepresentation
ob. breach of contract
Oc. fraud
Od. a falsehood
5. In which situation is hard insurance being committed?
oa. Because of her heavy workload, a claims handler settles some questionable claims
without complete investigation.
ob. When completing a health insurance application, an applicant asks his agent not to
divulge to the insurer that he (the applicant) is a heavy smoker.
OC. A claims department employee approves claims she knows to be fraudulent in
Transcribed Image Text:3. Which of the following is an example monies? a. premium diversion b. false statements in official filings Oc. issuing a fake insurance policy Od. misrepresentation on an insurance application 4. Sally's apartment is burglarized while she is on vacation, and a few pieces of jewelry she left at home are stolen. She files an insurance claim, stating that all of her jewelry was taken. Which of the following best describes the act that Sally is engaging in? O a. misrepresentation ob. breach of contract Oc. fraud Od. a falsehood 5. In which situation is hard insurance being committed? oa. Because of her heavy workload, a claims handler settles some questionable claims without complete investigation. ob. When completing a health insurance application, an applicant asks his agent not to divulge to the insurer that he (the applicant) is a heavy smoker. OC. A claims department employee approves claims she knows to be fraudulent in
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