When a broker deals with an applicant for insurance, the broker acts as an agent for whom?
Question:
When a broker deals with an applicant for insurance, the broker acts as an agent for whom?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
When a broker deals with an applicant for insurance the brok...View the full answer
Answered By
Marcus Solomon
I am committed to ensuring that my services always meet the clients' expectations.
4.60+
82+ Reviews
117+ Question Solved
Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
Question Posted:
Students also viewed these Social Science questions
-
[Terry Taylor was an employee of Molalla Transport. In hiring Taylor, Molalla followed its standard hiring procedure, which includes a personal interview with each applicant and requires the...
-
Plaintiffs, who are sisters, were defrauded by Kenneth Soule, an agent of defendant Equitable Life Assurance Society of the United States (Equitable), beginning while Soule was employed by Equitable...
-
Read the case study: COMMONWEALTH OF THE BAHAMAS IN THE SUPREME COURT Common Law and Equity Division 2019/CLE/gen/01037 BETWEEN NIQUEL PINDER 1 st Plaintiff SHARMAINE BARR 2 nd Plaintiff TIFFANY REID...
-
- You have identified several risks on your project for which purchasing insurance is a possibility. The insurance company your firm uses has quoted reasonable rates, and your analysis shows that...
-
The semiannual tuition payment at a major university is expected to be $30,000 for the 4 years beginning 18 years from now. What lump sum payment should the university accept now, in lieu of tuition...
-
An idealized velocity field is given by the formula V=4txi2t2yj+4xzk Is this flow field steady or unsteady? Is it two- or three-dimensional? At the point (x, y, z) = (1, +1, 0), compute (a) The...
-
The level of significance is the maximum probability you allow for rejecting a null hypothesis when it is actually true.
-
Are you sure you read it right? asked Ahmed, the restaurant manager at the Golden Rose restaurant. Ahmed was talking to Bart, the restaurants bar manager. I read it right, and its great news! replied...
-
Is the quality of internal controls relevant when evaluating the reliability of data to be used in ADA? Explain why or why not, and provide an example.
-
Sue applies for a fire insurance policy for her warehouse from A&I Insurance Company. To obtain a lower premium, she misrepresents the age of the property. The policy is granted. After the warehouse...
-
Risk management involves the transfer of certain risks from an individual or a business to an insurance company. (True/False)
-
In LIGO and other GW interferometers, one potential source of noise is scattered light. When the Gaussian beam in one of LIGOs cavities reflects off a mirror, a small portion of the light gets...
-
Skinovations needs to put together a Production schedule for next week and has asked its marketing team to give its forecasts for next week's sales. The team has used two different forecasting...
-
If a potential leader viewed her least preferred co-worker in favorable terms, how would Fiedler's Model describes this leader?
-
You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company s financial statements,...
-
For our first discussion you should locate a research article in which a quantitative study is reported. This article should not be a theoretical article or a methods article, but should describe...
-
A box is separated by a partition which divides its volume in the ration of 3:1. the larger portion of the box contains 1000 molecules of Ne gas; the smalled portion contains 100 molecules of He gas....
-
What products do you think generally are purchased or used for emotional reasons? How would the decision process differ for an emotion-driven purchase compared to a more functional purchase?
-
Suppose Green Network Energy needs to raise money to finance its new manufacturing facility, but their CFO does not think the company is financially capable of making the periodic interest payments...
-
By mid-April 2020, about 150 of the largest meat processing plants in the United States accounted for at least 2,200 known cases of COVID-19 and 17 deaths, becoming a national concern alongside...
-
The State of Tennessee imposes demanding durational-residency requirements on all individuals and businesses seeking to obtain or renew a license to operate a liquor store. One provision precludes...
-
In 2009, the federal Family Smoking Prevention and Tobacco Control Act (FSPTCA) became law. It authorized the Food and Drug Administration (FDA) to reduce nicotine levels in tobacco products, banned...
-
3. The nominal interest rate compounded monthly when your $7,000 becomes $11,700 in eight years is ________
-
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 21% and a standard deviation of return of 39%. Stock B has an expected return of 14% and a...
-
Advanced Small Business Certifica Drag and Drop the highlighted items into the correct boxes depending on whether they increase or decrease Alex's stock basis. Note your answers- you'll need them for...
Study smarter with the SolutionInn App