The basis of the insurance companies to determine the insurability of the person. Introduction: Insurance company refers to that company which provides the financial cover to its customers from the various financial uncertainties. Insurability refers to the risk which is associated with the profile of a particular person. Higher the insurability leads to lower the premium amount and lower the insurability leads to higher the premium amount.

Question

Want to see the full answer?

Answer 1

Question

Chapter 12, Problem 12.5PQ3

Summary Introduction

To explain:

The basis of the insurance companies to determine the insurability of the person.

Introduction:
Insurance company refers to that company which provides the financial cover to its customers from the various financial uncertainties.

Insurability refers to the risk which is associated with the profile of a particular person. Higher the insurability leads to lower the premium amount and lower the insurability leads to higher the premium amount.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 2

Question

Chapter 12, Problem 12.5PQ3

Summary Introduction

To explain:

The basis of the insurance companies to determine the insurability of the person.

Introduction:
Insurance company refers to that company which provides the financial cover to its customers from the various financial uncertainties.

Insurability refers to the risk which is associated with the profile of a particular person. Higher the insurability leads to lower the premium amount and lower the insurability leads to higher the premium amount.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12, Problem 12.5PQ3

Summary Introduction

To explain:

The basis of the insurance companies to determine the insurability of the person.

Introduction:
Insurance company refers to that company which provides the financial cover to its customers from the various financial uncertainties.

Insurability refers to the risk which is associated with the profile of a particular person. Higher the insurability leads to lower the premium amount and lower the insurability leads to higher the premium amount.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 12.5PQ3

Summary Introduction

To explain:

The basis of the insurance companies to determine the insurability of the person.

Introduction:
Insurance company refers to that company which provides the financial cover to its customers from the various financial uncertainties.

Insurability refers to the risk which is associated with the profile of a particular person. Higher the insurability leads to lower the premium amount and lower the insurability leads to higher the premium amount.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 12, Problem 12.5PQ3

Summary Introduction

To explain:

The basis of the insurance companies to determine the insurability of the person.

Introduction:
Insurance company refers to that company which provides the financial cover to its customers from the various financial uncertainties.

Insurability refers to the risk which is associated with the profile of a particular person. Higher the insurability leads to lower the premium amount and lower the insurability leads to higher the premium amount.

Answer 6

Chapter 12, Problem 12.5PQ3

Summary Introduction

To explain:

The basis of the insurance companies to determine the insurability of the person.

Introduction:
Insurance company refers to that company which provides the financial cover to its customers from the various financial uncertainties.

Insurability refers to the risk which is associated with the profile of a particular person. Higher the insurability leads to lower the premium amount and lower the insurability leads to higher the premium amount.

Answer 7

Chapter 12, Problem 12.5PQ3

Summary Introduction

To explain:

The basis of the insurance companies to determine the insurability of the person.

Introduction:
Insurance company refers to that company which provides the financial cover to its customers from the various financial uncertainties.

Insurability refers to the risk which is associated with the profile of a particular person. Higher the insurability leads to lower the premium amount and lower the insurability leads to higher the premium amount.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 12 - Prob. 12.1PQ1 Ch. 12 - Prob. 12.1PQ2 Ch. 12 - What is the principle of life insurance?Ch. 12 - Prob. 12.1PQ4 Ch. 12 - Prob. 12.2PQ1 Ch. 12 - Prob. 12.2PQ2 Ch. 12 - Prob. 12.2PQ3 Ch. 12 - Prob. 12.3PQ1 Ch. 12 - Prob. 12.3PQ2 Ch. 12 - Prob. 12.3PQ3

Want to see the full answer?

Chapter 12 Solutions