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 69 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
Wow, this really help

kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Northern Lights on a Clear Winter Night Northern Lights on a Clear Winter Night
Measuring Electrical Charge Measuring Electrical Charge
A Subject Prepared for a Night’s Sleep in a Sleep Laboratory A Subject Prepared for a Night’s Sleep in a Sleep Laboratory
This 1900 photograph of steel factories at night in Duquesne, near Pittsburgh, was tinted by hand. S This 1900 photograph of steel factories at night in Duquesne, near Pittsburgh, was tinted by hand. S
The charge for telephone calls T is partly constant and partly varies with the number N of ... The charge for telephone calls T is partly constant and partly varies with the number N of ...
Video: ACTH/Cortisol (glycogenolysis, protein catabolism, lipolysis and gluconeogenesis)

For a complete list of videos, visit our video library