Explain what is meant by an insurable interest.
Question:
Explain what is meant by an insurable interest.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
An insurable interest is an interest that the insured h...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is meant by an insurable interest and how does it apply to the various types of insurance discussed in the chapter?
-
Explain what is meant by an imprest payroll account. What is its purpose as a control over payroll?
-
Explain what is meant by an orderly transaction.
-
What amounts should be recorded as a cost of a long-term asset?
-
What role does the registrar of a corporation serve?
-
Figure 24.15 shows the client and server in the transition diagram for the common scenario using a four-handshake closing. Change the diagram to show the three-handshake closing.
-
In problem, evaluate each expression using the graphs of y = f(x) and y = g(x) shown in the figure. (a) (g f)(1) (b) (g f)(5) (c) (f g)(0) (d) (f g)(2)
-
Brett Tamas Enterprises had the following accounts and normal balances listed on its adjusted trial balance: Service Revenue, $21,800; Salaries Expense, $7,200; Rent Expense, $4,400; Advertising...
-
#6 Required Information Use the following information for the Quick Study below. [The following information applies to the questions displayed below) The plant assets section of the comparative...
-
Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi plans to spend $5 million on TV, radio, and print advertising this year...
-
In which one of the following would Joe be able to collect the entire amount of insurance claimed? a. Where Joe insures his law partner's life for $500,000 and the amount he actually lost when the...
-
Explain bailment and how the obligations of the bailee varies when it is a gratuitous bailment for the benefit of the bailee or for the benefit of the bailor. What if the bailee is an innkeeper or...
-
Do you think that the managers of entities should be responsible for selecting the accounting methods and estimates they use, or should that responsibility be given to an independent third party?...
-
February 12, 2009 marked the 200th anniversary of Charles Darwin's birth. To celebrate, Gallup, a national polling organization, surveyed 1,018 randomly selected American adults about their education...
-
Question 1 (30 points) A 3D infinite quantum well is a very simple model for an atom. Suppose that two cubic 3D infinite quantum wells, with cube dimension L, are joined to form one parallelepiped...
-
Give an algorithm for printing all the ancestors of a node in a Binary tree. For the tree below, for 7 the ancestors are 137. root 4 2 3 5 6 7
-
Consider k measurements that are corrupted by zero-mean Gaussian noise with s.d. , i.e., z=x+wi, i = 1,..., k (6) where x is a constant and w; ~N(0,0). The goal is to estimate the mean x and the...
-
1. For an inviscid flow, the momentum equation for a Newtonian flow can be written as: -(puu;)+ Jxi (pu)+ at 2x j where p is the density and is the pressure. = = 0 (1) (a) In order to characterise a...
-
Examine the two pieces of criteria that classify that a disaster has occurred: the organization is unable to contain or control the impact of an incident, or the level of damage or destruction from...
-
31. What is the income that can be received over 15 years from $500,000 earning 6% annually? 32. What is the semiannual payment required to retire $50,000 in debt over 5 years at 8% compounded...
-
Relate the three basic promotion objectives to the four jobs (AIDA) of promotion using a specific example.
-
Discuss the communication process in relation to a producers promotion of an accessory productsay, a new electronic security system businesses use to limit access to areas where they store...
-
If a company wants its promotion to appeal to a new group of target customers in a foreign country, how can it protect against its communications being misinterpreted?
-
Suppose the S&P 500 currently has a level of 960. One contract of S&P 500 index futures has a size of $250 S&P 500 index. You wish to hedge an $800,000-portfolio that has a beta of 1.2. (A)In order...
-
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during...
-
Haley is 57 years of age. She is planning for future long-term care needs. She knows that yearly nursing home costs in her area are currently $69,000, with prices increased by 5 percent annually....
Study smarter with the SolutionInn App