Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN: 9780357033609
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
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Question
Chapter 8, Problem 7FPE
Summary Introduction
To discuss: The elements of an insurance policy illustration and the evaluation of the illustration by the client.
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describing how the element of "risk" factors into the concept of insurance. cite a specific type of insurance policy and indicate how risk will play into the issuance of the insurance policy.
What type of information is entered for insurance and why is insurance important?
please answer this on your own words
GIVE THE FOLLOWING OF INSURANCE
Competence
• Audit Planning
• Reliance on Experts
• Laws and Regulations
Chapter 8 Solutions
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
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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
- What are the differences between an insurance agent and an insurance broker? Discuss.arrow_forwardDiscuss what you learned about the Health Insurance Portability and Accountability Act (HIPAA). Be sure to include the portability aspect of the act, as well as the security and privacy provisions.arrow_forwardHow tools are used in insurance risk management?arrow_forward
- For automobile insurance, Describe how risk can be managed. Evaluate the risks in society. Discuss the relationship between risk and this type of insurance. Describe the risk management tools. Discuss the legal principles of risk and this type of insurance.arrow_forwardWhat will making a prepayment for insurance have the effect of?arrow_forwardDescribe the Comprehensive General Liability Insurance?arrow_forward
- How does the Health Insurance Portability and Accountability Act (HIPAA) facilitate electronic transactions?arrow_forwardThe Insuring clause in an Accident & Health policy states which of the following information? A. The insured's obligations B. The insurance company's obligations C. The risks excluded from coverage D. The cost of the coveragearrow_forward
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