What is an insurance premium?

Q: Is the decision to buy pet insurance strictly an economic decision? Explain.

A: An economic decision is a decision when people have to choose between options due to scarcity of…

Q: Auto insurance can protect you while you are walking on the street or riding a bicycle. True or…

A: Insurance is a kind of financial risk management.It's a kind of risk management that's mostly…

Q: What kind of healthcare system is the US have?

A: Health care system: It includes all organizations, institutions, and resources that are devoted for…

Q: Can employees, managers, and executives have too much information?

A: When a system's processing capability is exceeded by the amount of data it receives, information…

Q: What is an actuarially fair insurance policy?

A: Insurance is a way of defending against economic risks. It is a contract through which an individual…

Q: insurance contract with

A: The expected income depicts the calculation of future value income by taking different factors into…

Q: If you understand the principles of insurance, you will understand why it probably makes sense to…

A: According to the principles of Insurance, we try to secure that asset, like House, Car, and another…

Q: Why do the government subsidize insurance companies.

A: The subsidy is the process of providing a sum of money by the government to the firm or the…

Q: Explain what is the risk premium?

A: A risk premium is the return in excess of the risk-free rate of return an investment is predicted to…

Q: In the summer of 1984, Nicholai opened a small art gallery in the West Village and amassed a…

A: Insurance is the agreement which provide insurance against the risk of the unforeseen loss. The…

Q: Suppose you have $5,000 as a gift from your parents just after you graduate. You have a car, your…

A: Insurance is a contract in which a person pays a firm and the company agrees to pay money if the…

Q: The Time of Payment of Claims provision requires that an insurance company pay Disability Income…

A: The Time of Payment of Claims provision requires that an insurance company pay Disability Income…

Q: what are the recommendations for vouch insurance?

A: Vouch insurance is a firm that provides insurance for tech startups. Launched in 2019, it presently…

Q: Using an appropriate graph explain how tax exemption affects insurance coverage.

A: Tax exemption refers to some discount or a specific proportion of income become tax-free based on…

Q: Why is it important to carry auto insurance? O To protect against the risk of a natural disaster O…

A: Auto Insurance:- Auto-insurance is a type of insurance that provide protection to the insured…

Q: How does worker's compensation fraud affect the cost to all employers required to purchase WC…

A: Employers: It refers to the people who are the owner of the business. The employer will try to…

Q: Consider the setup from Questions 1 and 2. How much profits, in expectation, does the insurance…

A: The profit earned by the insurance company will equal the amount spent by the company when it…

Q: What sectors of life the loss aversion can be found in? Explain.

A: Loss aversion basically refers to a cognitive bias that explains why the agony of losing is twice as…

Q: What kind of insurance pays for you to be in a nursing home? O Health insurance O Disability…

A: The term ‘insurance’ refers to a contract or a policy according to which an entity is liable or…

Q: Describe some healthcare situations in which an agent has taken advantage of a principal. Then…

A: Principal agent problem occurs when a different individual makes decisions on behalf of someone.  In…

Q: How do family members attempt to resolve conflictover purchase decisions?

A: Purchase decision: It is the process used for making purchase-related decisions regarding a good or…

Q: How social insurance implies in rural communities?

A: Social insurance is very important in rural communities.There is mostly unemployment and poverty in…

Q: Recognize adverseselection and summarize the ways in whichit can be reduced.

A: Market failure occurs due to several problems such as adverse selection, moral hazard, etc. These…

Q: economic graphs for vouch insurance startup?

A: VOUCH insurance is a start-up working for providing loans to start-ups. It claims to be the fastest…

Q: what is the risk

A: Risk is characterized as the likelihood that the actual returns on an outcome or investment will…

Q: Insurance companies are regulated under federal insurance laws. True False

A: This statement is false.

Q: In health insurance how does coinsurance differ from a deductible?

A: In the health insurance, the coinsurance is a percentage of total medical expenses that a person…

Q: How does the United States fare on quality of care?

A: Answer is given below

Q: A. What is meant by asymmetric information?

A: Since you have asked multiple question, we will answer first question for you. If you want any…

Q: A copayment is a shared medical expense belween.   A.a parent and child   B.the insured and the…

A: The situation when two or more individuals or firms allocate a certain sum of money towards a…

Q: benefits of FDI

A: Foreign Direct Investment is akin to the promoter's investment, where the investor retains control…

Q: What type of insurance plan does this insured hold ? O. Health Maintenance Organization O.…

A: Health Maintenance Organization is a group health insurance coverage offered by a health maintenance…

Q: 1. “An agent who demands more insurance than another agent, should also demand less risky asset."

A:

Q: What are adverse selection and moral hazard? lemon market case and hold up

A: Answer in step 2.

Q: Insurance needs change throughout a person’s lifecycle because people’s needs change.  True or…

A: An arrangement through which a guarantee of compensation is provided for specified damage or illness…

Q: How can you use Microsoft Excel and your agility and problem solving skills to understand the level…

A:

Q: As an investor, how do you diversify against risk?

A: Diversification means allocating funds to various financial instruments that have different risk…

Q: egative insurance pre than complete coverage ss than complete coverage mplete coverage

A: The provision of transferring the risk of a loss that may arise from any uncertain even is referred…

Q: How can insurance companies offer a guarantee to pay for certain medical expenses? How do they…

A: Insurance companies offer to cover for the risks. The company main aim to minimize the risk of the…

Q: 10. Co-insurance reduces adverse selection. True or false, explain (*

A: True statement

Q: What is insurance 6. Explain threx principles of insurance

A: Individuals benefit from insurance plans because they safeguard themselves, their families, and…