This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Fly-By-Night Insurance Company had much larger losses than forecast. The company did not charge ... (Read 73 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
on: Jul 11, 2018
Fly-By-Night Insurance Company had much larger losses than forecast. The company did not charge adequate premiums nor did the company purchase reinsurance.
 
  If Fly-By-Night becomes insolvent, which of the following will help pay the unpaid claims of the insurer?
  A) guaranty fund
  B) premium rebates
  C) risk-based capital
  D) admitted assets

Question 2

Grace is a life insurance agent. She is attempting to sell a large life insurance policy, but the prospective purchaser is having second thoughts.
 
  To persuade the prospective purchaser, Grace said, I will earn a 1,000 commission if you buy this policy. I'll give you 500 of my commission if you buy the policy. In most states, what illegal sales practice will Grace be guilty of if she splits her commission with the purchaser?
  A) rebating
  B) churning
  C) twisting
  D) backdating


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: A


CBme

  • Member
  • Posts: 548
Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Although males tend to be larger than females, the two overlap significantly in size. The size of a Although males tend to be larger than females, the two overlap significantly in size. The size of a
Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal
The course of EEG stages during a typical night’s sleep and the relation of emergent stage 1 EEG ... The course of EEG stages during a typical night’s sleep and the relation of emergent stage 1 EEG ...
People with night eating syndrome may consume more than half their day's calories between 8 pm ... People with night eating syndrome may consume more than half their day's calories between 8 pm ...
Typical Night’s Sleep for a Young Adult Typical Night’s Sleep for a Young Adult
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library