Author Question: Renee is risk manager of XYZ Company. She purchased a Commercial Package Policy for her company and ... (Read 132 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
Renee is risk manager of XYZ Company. She purchased a Commercial Package Policy for her company and added one optional coverage.
 
  This option suspends the coinsurance clause and substitutes a new agreement covering any loss in the same proportion that the limit of insurance purchased bears to a value specified in the declarations. This provision is known as
  A) waiver of inventory coverage.
  B) inflation guard coverage.
  C) agreed value coverage.
  D) replacement cost coverage.

Question 2

A commitment fee is
 
  A) paid by investors to guarantee that a company will borrow from them.
  B) an amount paid by an investment banker to ensure the sale of securities.
  C) paid by bondholders to secure the right to convert bonds into common stock.
  D) an amount paid on the unused portion of a loan in a private placement.



tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

Answer: C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

For a complete list of videos, visit our video library