Which of the following would be a covered loss under the medical payment coverage of a commercial general liability policy? A delivery person trips and falls on the insured premises A tenant of the insured falls in the insured parking lot An employee is injured while working on the insured premises An employee is injured while playing basketball on the insured premises during a break

Which of the following would be a covered loss under the medical payment coverage of a commercial general liability policy? A delivery person trips and falls on the insured premises A tenant of the insured falls in the insured parking lot An employee is injured while working on the insured premises An employee is injured while playing basketball on the insured premises during a break

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter19: The Problem Of Adverse Selection

Section: Chapter Questions

Problem 9MC

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Similar questions

Which of the following is considered insurance producer misrepresentation?A. Switching from one insurance coverage to a better one.B. Declaring that dividends will be paid. C. Representing many insurance companies simultaneously D. Requiring an insurance applicant to pay their premium to the insurance company.
The Life and Health Insurance Guaranty Association may NOT do which of the following? A). Take legal action as necessary to avoid payment of improper claims B). Revoke the license of an insolvent insurer C). Borrow money to carry out its purposes under the law D). Enter contracts to carry out its provisions under the law
Which of the following is not a cause for the director of insurance to receive a producer’s license? Failing to comply with an administrative order imposing a child support obligation Having been accused but not convicted of committing a felony Improperly using notes to complete an examination for an insurance license Having an insurance license revoked in another state
To maintain an insurance producer license, an insurance producer MUST do which of the following? Complete 15 hours of pre-licensing study requirements Provide the Director of Insurance proof of appointment by at least one insurance company Complete at least 24 hours of course study Provide the Director of Insurance proof that at least one half of the business previously written was controlled business
Define and explain the importance of "Liability Dollarization".
Risk selection" refers to -- a. the incentive of insurance companies to avoid enrolling people who are in worse health and likely will require costly medical care. b. the phenomenon of individuals waiting until they are sick before purchasing health insurance. c. the process by which the Federal government identifies individuals at greatest risk for needing costly health care and provides them special high-risk insurance coverage. d. the incentive of shareholders to avoid investing in insurance companies which insure the most high risk patients.
Which of the following influence the payment of a healthcare charge? Select all that apply. 1. insurance discounts 2. self-pay reduction 3. government contractual allowance 4. costs of the unit of service Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Whcih of the following could help overcome the problem of adverse selection in the used car market? Multiple Choice The buyer could have a mechanic inspect the car before buying it. The government could enact disclosure laws requiring that potential buyers be told all material facts about the condition of a vehicle for sale. The seller could include a warranty. all of the above
Which of the following is an example of adverse selection a safe driver taking greater risk in a rental car than his own car a risk averse driver buy car insurance An company offering incentives sharing contracts to employees McDonald's selling franchises for a flat fee
What is one impact of government regulation of insurance? Group of answer choices Certain groups can receive insurance, even though the private market would not otherwise provide that insurance. Fewer people have insurance coverage than if it was provided only by the market. The total cost of insurance in America has gone down. The insurance industry has moved closer to a perfectly competitive market structure.
Which of he following sections of an insurance contract limits coverage? A.Waiver of Premium B.Conditions C.Exclusions D.Declarations
Progressive packages home and auto insurance services together for one price using bundle pricing, a common _____Blank practice.