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
Possible Earth 5 billion years from now
Toddler: 1–3 years.
Adolescence: 12 years or puberty to the beginning of adulthood.
Every culture has funeral rituals that help its members mark the passing of one of their own and ...
An accessory belt tensioner. Most tensioners have a mark that indicates normal operating location. ...
Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ...