Insurance companies may use all of he following sources to oblain underwriting information about an applicant EXCEPT. A.The Medical Information Bureau (MIB) B.Inspection report companies C.Actuarial raling bureaus D.A Fair Credit report

Insurance companies may use all of he following sources to oblain underwriting information about an applicant EXCEPT. A.The Medical Information Bureau (MIB) B.Inspection report companies C.Actuarial raling bureaus D.A Fair Credit report

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter3: Ethical Behaviour- Philosophers Contributions

Section: Chapter Questions

Problem 5.2EC

See similar textbooks

Related questions

Q: A firm borrows $2,000,000 at 12% annual interest and wishes to pay it back with payments that…

A: Here we will use the concept of time value of money. As per the concept of time value of money the…

Q: When compleling an insurance applicalion, a producer should A. complete as much of the application…

A: The job of the producer is to make sure that the applicant knows all the features of the insurance…

Q: 24 The likely effect of discounting nominal cash flows with real interest rates will be to: A make…

A: Net Present value is present value of cash flow minus initial investment

Q: You are planning on taking out a mortgage and would like to determine the cash value for a given…

A: Mortgage is referred as an agreement, which are between the borrower and the lender that gives the…

Q: Finance Which of the following companies would help to administer your will? a. RBC Capital Markets…

A: Trust are created which will help people to create will and administer the will after the death of…

Q: Jordan has $6000 to invest in an account from which he plans to make regula withdrawals over the…

A: Withdrawal that can be depend on the initial amount and interest rate and period of withdrawal and…

Q: A P100,000, 10% bond pays dividend every quarter for 8 years. The bond is priced at par and is…

A: The par value of bond us P100,000 Number of years to maturity 8 years

Q: 25 Projects that are calculated as having negative NPVs should be: A charged less in overhead costs.…

A: The question is related to Capital Budgeting. The best method for evaluation of an investment…

Q: 1,356.95 2,618.83 5,237.66

A: The yearly cost of acquiring, running, and sustaining an project beyond its entire life is known as…

Q: A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a…

Q: If 10,000php is invested in account paying 6% compounded quarterly; A. How much will be in the…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Upper Crust Bakers just paid an annual dividend of $3.10 a share and is expected to increase that…

A: Price of stock today or P0 = D1/(r-g) where D1 = Dividend to be paid next year r = required rate of…

Q: rema mainin 8. Apple P=$278.85 EPS= $22.45 P/E ratio = Rate of return =

A: As per Bartleby honor code, when multiple questions are asked, the expert is required only to solve…

Q: Jessica purchased an electric guitar from Music World. The purchase $2,700. She took advantage of…

A: Purchase are made on credit and these credits are paid by monthly payments that carry the payment of…

Q: Seven years ago, you deposited $1000 into an account earning r = 10% APR compounded annually. How…

A: Future value: Future worth (FV) is the sum to which an ongoing venture will develop after some time…

Q: Camptown Togs, Inc., a children's clothing manufacturer, has always found payroll processing to be…

A: Cash outflow year 0 = Initial cost of project Cash flow year 1-4 = Annual saving - Annual operating…

Q: what is the present worth of this investment?

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: Bonus: How much total interest will you pay on a $600000 loan at 7% per year compounded monthly, if…

A: Given: Amount = $600,000 Interest rate = 7% Years = 12

Q: 27. Study the amortization schedule and fill in the blanks. 28. A loan amounting to P100,000 is to…

A: Loan amortization schedule refers to a schedule which is used to shows the periodic loan payments,…

Q: Determine the present value of an annuity of $600 paid monthly for a period of 15 years at 4.50% APR…

A: To calculate the present value we will use the below formula Present value = P*[1-(1+r)-n]/r Where…

Q: 4. X generator has a first cost of $20,000, AOC of $15,000, and 5 of $5000 after 4 years. Y…

A: First, we will calculate the Annual worth using the formula, thereafter we will calculate the…

Q: Ten years ago, you deposited $1000 into an account. The account earned 12% compounded annually for…

A: Solution:- When an amount is deposited in a bank account, it earns interest. The amount deposited…

Q: Evaluate the two alternatives A and B and decide the economic justified alternative using: Present…

A: Thanks for the Question. Bartleby's Guideline: “Since you have posted a question with multiple…

Q: $1500 is invested semi-annually for 3 years into a fund that pays 6.8% per year, compounded semi-…

A: We have; Amount invested semi annually as $1500 Interest rate is 6.8% compounded semi annually Time…

Q: what is the project's NPV? Options

A: Net Present Value: It is the present worth of the project and measures absolute profitability in…

Q: 14 NuPress Valet has a proposed investment with an initial cost of $62 million and cash flows of…

A: The Weighted Average Cost of Capital or composite or over-all cost of capital of a firm is the…

Q: Rajesh would like to buy his first car and the one he has his eye on is $25,000, plus an extra 13%…

A: Solution:- When a loan is taken, it can either be repaid as a lump sum payment or in instalments.…

Q: 1 Roy's Welding's bond has an annual rate of return of 5.97 percent and a face value of $1,000. The…

A: Rate of return (ROR) is a value at which an investor earns additional amount on invested amount…

Q: Starting Amount Annual Contribution for 5 years increase 3 % /year Monthly Contribution $0 for 0…

A: Here information is given, we have to create a question based on the information. Then we need to…

Q: What is the present worth for the investment represented by the given cash flow? Interest is 12%.

A: Present Worthbis the sum of present value of cash flows discounted at the required rate of return.

Q: Explain 10 keys fundamental principles that lay the foundation of finance

A: The term "financial management" refers to the process of planning, organising, directing, and…

Q: 7 Baker Breads has $428,000 of debt outstanding that is selling at par and has a coupon rate of 6.25…

A: Interest payable on bonds is a tax deductible expenses, it means it will generate tax savings. Tax…

Q: 22 OLG stock has a beta of 0.98 and an expected return of 10.52 percent. The risk-free rate of…

A: The capital asset pricing model is used for pricing securities and calculating their expected…

Q: An aggregate crasher is expected to cost P60, 000 and has an estimatedlife of 5 years. Maintenance…

A: Here we will use the concept of time value of money. As per the concept of time value of money the…

Q: DeCento's is analyzing two mutually exclusive machines to determine which one it s machine is…

A: The machine having lower annual cost would be better considering the rate of return required on…

Q: You would like to retire with P1 million on your 60th birthday. If you start saving equal annual…

A: Amount required at retirement is P1,000,000 Interest rate is 10% Start date is 26th birthday End…

Q: A firm sets aside $26000 today in an account earning 8% APR compounded annually. The purpose of the…

A: Amount set aside today(Present Value) is $26000 Interest rate(rate) is 8% compounded annually…

Q: Your company had net income of $82,500 for the year just ended. Dividends of $35,250 were paid on…

A: Net income = $82,500 Dividend paid = $35,250 Dividend per share = $35,250 / 62,000 =…

Q: A 20 year, at 10% semiannual coupon bond, with a par value of $1000 sells for $1200 (assume that the…

A: Current yield With annual coupon payment and current market price, the bond's current yield is…

Q: source of finance is the middle layer between equity and debt

A: Mezzanine debt is the source of finance which is the middle layer between equity and debt.…

Q: What is the interest coverage ratio?

A: Interest Coverage Ratio: It is a measure showing how well the firm can pay the interest expense on…

Q: 8 The Flying Dove has 1,600 bonds outstanding with a $1,000 par value, a coupon rate of 5.5 percent,…

A: Weighted average cost of capital (WACC) in the company means total cost of equity and debt financing…

Q: 2 DOC just paid a dividend of $.46 a share. The dividends are expected to increase by 30 percent a…

A: The question is related to the Dividend Discount model. The Price of the share will be calculated…

Q: Enterprises Inc.'s capital structure consists of 18 million shares of common stock and 1 million…

A: Warrants are the instruments that has the characteristics of derivatives. In other words warrants…

Q: Jessica purchased an electric guitar from Music World. The purchase price was $2,700. She took…

A: Given that the current purchase price is $2700. We have to find the number of annuity of $150…

Q: You own a one-year European call option to buy one acre of Los Angeles real estate. The exercise…

A: A call option is an option that gives the buyer the right but not the obligation to purchase the…

Q: Consider the following investment project. Calculate the net future worth of this investment at 11%…

A: Solution:- Net future worth means the net future value of a project after adjusting initial…

Q: Suppose withdrawals of 10,000 every year starting at time 8 will be made and will go on forever. How…

A: Given: Amount = $10,000 Interest rate =10%

Q: A scooter manufacturer has fixed costs of $278,200 per month. The scooters have a short-run average…

A: Degree of operating leverage is one of the measure which shows how much operating income will change…

Q: 3. A loan of $ 1060 has been made at 6.5% for 3 months. Find the loan's future value.

A: As per Bartleby honor code, when a specific question is asked, the expert is required only to solve…

Concept explainers

Classification Of Risk

Risk means when there could be a possibility that the returns expected from a particular project or investment may or may not match the investor's expectations. In other words, the uncertainty of an income arising from a source that would either be lower than expected or result in losses in risk exposure of the project. The higher the risk involved, the higher is the return expected by the investor as the investor is exposed to a high level of risk. There are various methods by which different types of risk can be assessed and avoided or mitigated.

Question

Insurance companies may use all of he following sources to oblain underwriting information about an applicant EXCEPT.

A.The Medical Information Bureau (MIB)

B.Inspection report companies

C.Actuarial raling bureaus

D.A Fair Credit report

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Answer

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

The Director of Insurance has the power to. make reasonable insurance rules and regulations determine standard insurance rales Veto insurance laws issue insurance policies
An insurance broker whose registration is "restricted to oftine following activities? Acting Under Supervision" may NOT perform which one (1)•Sign letters to members of the public recommending insurance coverage.•Solicit insurance except in the presence of their supervisor.•Deposit insurance premiums in their own trust bank account.•Collect premiums on behalf of the insurance broker by whom they are employed.
Shadyside Insurance Company manages a medical insurance program for its clients. Employees of client firms submit claims for reimbursement of medical expenses. Shadyside processes these claims, checks them to ensure that they are covered by the claimant’s policy, notes whether the claimant has reached any limit on coverage, computes any deductible, and issues a check for the claimant’s refund. Three types of clerks work in the claims processing department: supervisors, senior clerks, and junior clerks. The supervisors are paid $42,000 per year, the senior clerks are paid $37,000 per year, and the junior clerks are paid $32,000 per year. For every 150,000 claims processed per year, Shadyside plans to use one supervisor, six junior clerks, and two senior clerks. Last year, the company processed 2 million medical claims and employed 14 supervisors, 30 senior clerks, and 83 junior clerks. Required Compute the excess costs or cost savings relating to the claims processing staff. How would…
Do you believe the accuracy of the prepaid accounting balance can be determined by examining, the procedure related to the insurance purchasing process checking authorization, and recording?
When should a company report the cost of an insurancepolicy as an expense?a. When the company first signs the policy.b. When the company pays for the policy.c. When the company receives the benefits from thepolicy over its period of coverage.d. When the company receives payments from the insurance company for its insurance claims.
Choose a property and liability insurance agent and company, and settle claims.
XYZ Insurance Company, a relatively small general insurer, has outsourced its claims adjusting function. Now, when a claim is reported, the insurer notifies the outsource adjusting company, which then causes one of its adjusting personnel to visit the site of the loss and prepare an estimate as to the amount that will have to be paid to settle the claim. The outsource company then notifies the insurer of the amount and this is set up as a case provision in the insurer’s claim files. XYZ has indicated that the adjusting company is more specialized and has greater expertise in this area than the insurer can support in houseFor claims that can be settled in a straight-forward manner, the adjusting company will pay the claim and then invoice XYZ for the amount. Discuss the 3 potential pitfalls in the use of an adjusting company. Discuss 3 advantages on the usage of an adjusting company. Are these sufficient to offset any advantages disadvantages. Explain your answer. You are an…
Which of the following would be accepted as a proof of liability insurance for automobile liability insurance? An expired insurance card provided by the insurance company A bound insurance application for which the check offered for payment was dishonored due to insufficient funds A liability insurance binder issued by the insurance producer in effect on the date the police requested proof of insurance Insurance declarations page with an expiration date prior to the date of the accident in question
When a company pays employee healthcare, that is usually considered what kind of activity? a. operating b. financing c. investing
The type of account and normal balance of prepaid insurance would be A. Asset, credit B. Asset, debit C. Contra asset, credit D. Contra asset, debit
Prepaid expenses are normally created as a part of the purchasing process. Prepaid energy bills, insurance premiums, rent, and maintenance contracts are some of the transactions that result in prepaid expense account entries. Thinking about insurance, discuss the control activities, processes, and documentation that you would examine to determine the accuracy of the remaining prepaid account balance. Discuss at least two examples of those activities, processes, and documents and identify the one which you believe is the most reliable evidence to support the prepaid transactions. Provide an explanation of your choices using terms learned from the Live Session Lecture(s) or the textbook. No hand written and fast answer with explanation
Prepaid expenses are normally created as a part of the purchasing process. Prepaid energy bills, insurance premiums, rent, and maintenance contracts are some of the transactions that result in prepaid expense account entries. Thinking about insurance, discuss the control activities, processes, and documentation that you would examine to determine the accuracy of the remaining prepaid account balance. Discuss at least two examples of those activities, processes, and documents and identify the one which you believe is the most reliable evidence to support the prepaid transactions. Provide an explanation of your choices using terms learned from the Live Session Lecture(s) or the textbook.