Mark has been an underwriter for 20 years. An application he recently reviewed looked odd to him.
The building value in the application seemed far too high, and Mark suspected the applicant might be planning to destroy the property after it is insured. Mark hired an outside firm to investigate the applicant and to prepare a report about the applicant. This report is called a(n)
A) agent's report.
B) binder.
C) physical inspection.
D) inspection report.
Question 2
New Liability Insurance Company began operations last year and has been very successful.
The company's ability to grow is being restricted by an accounting rule that requires insurers to realize acquisition expenses immediately, while not realizing premiums received as income until some time has passed. Reinsurance is often used in such cases for which of the following purposes?
A) to stabilize profitability
B) to reduce the unearned premium reserve
C) to provide protection against catastrophic losses
D) to withdraw from a line of business or territory
The skullcap from Trinil, Java is the type specimen for H. erectus and is about 900,000 years old.
Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo
VESPR Chart. My favorite for many years
Cylinder 1 and timing mark location guide.
An overlapping record extends back thousands of years of tree ring width
The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years