f the renewal of the policy was at the discretion of the insurer, would you expect the premiums to be higher or lower?

Q: The claims issued by the DSU are called premiums. It is true or false?

A: Answer: false

Q: are, in essence, an insurance contract against the default of one or more borrowers.

A: A credit default swap (CDS) is a financial derivative or contract that allows an investor to "swap"…

Q: All of the following are reasons for a primary insurer to use reinsurance EXCEPT O to increase the…

A: Reinsurance is nothing but an insurance policy taken by an insurance company from another insurance…

Q: The contract between insured and insurer is O a. Coverage O b. Face value Oc. Policy O d. Premium

A: Insurance means where insurance company agree to pay the specified amount to insured person in case…

Q: Which of the following stalements is required by Long- Term care insurers when referring lo…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…

Q: True or False? 1. An insurance contract is derecognized when it is extinguished and when it is…

A: An insurance contract is a contract between the two parties where one party promises to pay the…

Q: A policy which runs for a fixed period or up to a particular age of the insured is called_

A: Insurance business is a type of business in which one company provides assurance to another company…

Q: Were you correct that the pension liability is not reported in the balance sheet? What is the…

A: Pension refers to the accumulated amount of money that is added during the employment period of an…

Q: Type of long-term care policies Triggers to become eligible for benefits Exclusions

A: Point to be Noted:- Since you have asked questions with multiple sub parts. I will be answering…

Q: The policy holder who receives the coverage is called ________________. a. Premium b. Face value c.…

A: There are various terminology used in insurance business

Q: Which of the following sections of a commercial general liability policy contains information about…

A: Commercial General Liability (CGL) policy: You can safeguard your firm from financial ruin with a…

Q: 11. Which of the following is NOT the features of investment-linked insurance? O A. The insured can…

A: A life insurance plan that combines investment and protection is referred to as an investment-linked…

Q: If the insured outlived the life insurance policy, the proceeds shall be taxable to the beneficiary…

A: If the insured outlived the life insurance policy, he/she will get his/her premium back, this…

Q: The Patient Protection and Affordable Care Act limits the extent to which insurers may consider age…

A: Insurance is an agreement between two parties in which one party (insurance company) agrees to…

Q: what are the pros and cons of being insured by a mutual insurance company vs a stock insurance…

A: There are two types of insurance companies: mutual insurance company and stock insurance companies.…

Q: An insurance refers to a signed agreement between the insured and the insurer. a. Security b.…

A: In Insurance there are two parties, Insurer and Insured

Q: The policy holder who receives the coverage is called O a. Premium O b. Insured O. Face value O d.…

A: Insurance is a term used for the security provided in monetary terms by an insurance company to a…

Q: Who are front-line underwriters? What are premium volume and loss experience with the insurer? What…

A: Underwriters are the person who sell theshares on behalf of the firm. They are very useful for the…

Q: What is the consideration for the insurer in an insurance contract?

A: Contract:   Contract is an agreement among two parties or more parties which includes enforceable…

Q: Briefly explain the following characteristics of long-term care insurance. Protection against…

A: In long-term care insurance plans there are many approaches to obtain inflation insurance cover. The…

Q: The company selling the insurance policy is the _________________. a. Insurer b. Policy c. Premium…

A: Insurance is a means of protection from financial loss.

Q: What happens when you want your policy to be a paid-up policy. Show this clearly by giving an…

A: Additional whole life insurance coverage obtained with dividends rather than premiums from a policy…

Q: An insurance refers to a signed agreement between the insured and the insurer. O a. Certificate O b.…

A: Insurance policies are beneficial to people as it provides cover against uncertainties, significant…

Q: when reinstating a policy an insured must provide the insurer with which of the following: A.…

A: Reinstating or renew of a policy can be done within 30 days of lapse of a policy without any…

Q: If an insured fails to pay the premium when due, the insured's heallh policy will remain in force…

A: Health insurance is a type of insurance that helps to pays for medical costs incurred as a result of…

Q: An implied condition of pooling risks with insurance is that the event being insured against is…

A: Insurance: An arrangement between the two parties( Insurer & Insured) where the insurer company…

Q: What are the differences between an insurance agent and an insurance broker? Discuss.

A: Insurance brokers are individuals that sells, buy or negotiate variety of financial products that…

Q: Policy reserves for life insurers are the loss reserves equivalent of P&C insurers. True False

A: The question is related to Reserve in an insurance policy. Policy reserve in life insurance is a…

Q: a. What is the actuarially fair cost of full insurance against the loss if the company does not make…

A: The question belongs to decision making where there are two options for mitigate future loss. The…

Q: Discuss the potential for adverse selection when insureds exercise the renewability or…

A: In the insurance industry, adverse selection refers to situations in which an insurance company…

Q: 33) When a policy matures on the death of the insured , it is called as

A: Whole life insurance policy it represents a contract between the insured and insurer that as long as…

Q: Indicate whether the statement is true or false, and justify your answer.The main advantage of a…

A: Given: The main advantage of a Cochrane insurance contract over a guaranteed renewable contract is…

Q: Which of the following sections of a commercial general liability policy contains information about…

A: Insurance is the process through which an individual or corporation is provided financial coverage…

Q: How do insurance companies calculate their premiums?

A: Insurance guarantees payment of a stated benefit after completion of a defined period. After expiry…

Q: Which of the following is correct about the effect of a deductible with respect to the price of an…

A: Insurance is an agreement or a contract between two parties. An insurance contract states that one…

Q: What are the pro and cons of third-party insurance?

A: Third-party insurance is an insurance policy purchased for the protection against the claims of…

Q: Why are the credit default swaps, in essence, an insurance contract against the default of one or…

A: Credit default swaps are derivatives contract between two investors in which investors who has lend…

Q: What are the problems with return on premium life insurance? What type of individual would purchase…

A: Term life insurance guarantees payment of a stated death benefit if the covered person dies during a…

Q: he contract between insured and insurer is ______________. a. Coverage b. Premium c. Policy d. Face…

A: Insurance means where insurance company agree to pay the specified amount to insured person in case…