The general standard of care in third-party cases is that a. the claim must be fairly debatable.
Question:
The general standard of care in third-party cases is that
a. the claim must be “fairly debatable.”
b. the insurer must give equal consideration to its insured.
c. the insurer must give greater consideration to its insured than to its own self-interest.
d. none of the above.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
In thirdparty insurance claims the generally accepted standard of care requires that the insurer mus...View the full answer
Answered By
Danish Sohail
My objective is to become most reliable expert for clients. For last 10 years I have been associated with the field of accounting and finance. My aim is to strive for best results and pay particular attention to client needs. I am always enthusiastic to help clients for issues and concerns related to business studies. I can work on analysis of the financial statements, calculate different ratios and analysis of ratios. I can critically evaluate stock prices based on the financial analysis and valuation for companies using financial statements of the business entity being valued with use of excel tools. I have expertise to provide effective and reliable help for projects in corporate finance, equity investments, financial accounting, cost accounting, financial planning, business plans, marketing plans, performance measurement, budgeting, economic research, risk assessment, risk management, derivatives, fixed income investments, taxation, auditing, and financial performance analysis.
4.80+
78+ Reviews
112+ Question Solved
Related Book For
Question Posted:
Students also viewed these Social Science questions
-
Would it be : A= (2x)(2y) = 4xy f(x,y) = 4xy OR A= xy f(x,y) = xy By 2 different methods find the dimensions of a rectangle with maximum arca that can be inscribed in the ellipse Find ratios between...
-
Given the integer array dailySalaries with the size of NUM_IN, write a for loop to output the integers in the first half of dailySalaries in reverse order. Separate the integers with a vertical bar...
-
The Proposed Model for Policy Analysis: is the only approved method of policy analysis for social workers includes four major steps (Historic Background, Description of the Related Problems,...
-
A steam generator consists of a bank of stainless steel (k = 15 W/m K) tubes having the core configuration of figure and an inner diameter of 13.8 mm. The tubes are installed in a plenum whose...
-
Distinguish between a first-order phase transition, a second-order phase transition, and a le-transition at both molecular and macroscopic levels.
-
Chicago Consulting Group, which uses an activity-based costing (ABC) system, offers a softwaretraining seminar to companies for $12,000 per seminar for 100 students; unit-level activities cost $30...
-
What are three prime objectives of materials handling? Describe the characteristics of conveyors, industrial trucks, cranes, and hoists. LO.1
-
The futures price of gold is $650. Futures contracts are for 100 ounces of gold, and the margin requirement is $5,000 a contract. The maintenance margin requirement is $1,500. You expect the price of...
-
What was the outcome of Henry V's successful invasion of France in 1415? O He became the first king of France. He signed a peace treaty with France. He won the battle and became king of France. He...
-
Find the capacitor voltage for t 0 for each of the circuits in Fig. 7.107. (a) (b) 3 2 12 v ( .) 4V 412 S F 6 A
-
Factors in the equal consideration test include a. insurers failure to properly investigate the claim. b. the extent of the financial risk to its insured if insurer refused to settle. c. insurers...
-
Damages in first-party cases include a. the amount of the judgment in excess of policy limits. b. the legal fees incurred by the third party making the claim. c. unpaid benefits provided in the...
-
A piston/cylinder in a car contains 0.2 L of air at 90 kPa, 20C, shown in Fig. P5.107. The air is compressed in a quasi-equilibrium polytropic process with polytropic exponent n = 1.25 to a final...
-
1. How can the use of MRP contribute to profitability? 2. What are some of the unforeseen costs of ERP implementation? Discuss.
-
The COVID-19 pandemic resulted in strains on the healthcare supply chain. Discuss why supply chain management (SCM) is important to healthcare organizations. Furthermore, explain how healthcare...
-
Financial reporting quality relates to the quality of the information regarding the financial wellbeing of a firm that is contained in financial reports, including note disclosures. The quality of...
-
Exercises: Situational questions. Each answer must be supported by a legal basis. 1. What is the difference when an employee was dismissed for just cause than he was dismissed for an authorized...
-
In international trade, what is the difference between a contracted agent in a foreign country and a contracted distributor?What are some of the key issues that can arise in the relationship between...
-
The file VeggieBurgur contains data on the calories and total fat (in grams per serving) for a sample of 12 veggie burgers. a. Construct a scatter plot with calories on the X axis and total fat on...
-
On October 1, 2014, the Dow Jones Industrial Average (DJIA) opened at 17,042 points. During that day it lost 237 points. On October 2 it lost 4 points. On October 3 it gained 209 points. Deter-mine...
-
If A , B , and C are true statements and X , Y , and Z are false statements, which of the following are true? ~ Y C
-
Use truth tables to decide which of the following biconditionals are tautologies. p = [p (q p)
-
Symbolize the following, using capital letters to abbreviate the simple statements involved. If Argentina mobilizes, then Brazil will protest to the UN and Chile will call for a meeting of all the...
-
In 2019, Sunland Company had a break-even point of $388,000 based on a selling price of $5 per unit and fixed costs of $155,200. In 2020, the selling price and the variable costs per unit did not...
-
11. String Conversion Given a binary string consisting of characters '0's and '1', the following operation can be performed it: Choose two adjacent characters, and replace both the characters with...
-
Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar...
Study smarter with the SolutionInn App