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
A levallois core from Kapedo Tuffs, Kenya dates about 130,000 years ago.
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
Carbon Dioxide Concentrations for 400,000 years
Percentage of youth age 15 to 19 years with at-risk levels of body composition & fitness
Prevalence of good health in Canadians aged 65 years and older
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...