The insurable interest in life only has to be present when the policy is taken out. Can
Question:
The insurable interest in life only has to be present when the policy is taken out. Can you think of situations where this might lead to problems?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
A person or property has an insurable interest if you would suffer some type of financial loss if th...View the full answer
Answered By
Reuben Matanoh
I have been teaching students for more than three years, and recorded high [performances in my subjects. I love my job as a tutor, and I love to see my students excel in the subjects that I teach. Hire me for consistent quality work and guaranteed academic excellence.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Why does the insurable interest in property have to be present at the time of loss?
-
As noted in the chapter, research found that firm effects are more important than industry effects. What does this mean? Can you think of situations where this might not be true?
-
Can you think of some situations when earnings management is acceptable?
-
In the Young's double slit experiment, interference fringes are formed using Na-light of 589 nm and 589.5 nm. Obtain the region on the screen where the fringe pattern will disappear. You may assume...
-
Refer to Problem 75. Write a brief verbal comparison of the two services described for calls lasting more than 20 minutes. Problem 75 A long-distance telephone service charges $0.99 for the first 20...
-
What do we mean when we say that an accounting system needs to be cost-effective?
-
72 Find the prime factorization of the given number.
-
Cost allocation to divisions. Rembrandt Hotel & Casino is situated on beautiful Lake Tahoe in Nevada. The complex includes a 300-room hotel, a casino, and a restaurant. As Rembrandts new controller,...
-
(LO 1, 2, 3, 4) (EPS??Simple Capital Structure) Koala Inc., a publicly traded company, had 210,000 common shares outstanding on December 31, 2019. During 2020, the company issued 8,000 shares on Ma...
-
Red Bridges Towing is owned by Ken Cordial. The company has a June 30 fiscal year end and prepares adjustments on an annual basis. The following is an alphabetical list of its accounts at June 30,...
-
What is the purpose of fidelity insurance?
-
Why should renters and tenants have fire and liability insurance?
-
In Exercises classify the graph of the equation as a circle, a parabola, an ellipse, or a hyperbola. 2x(x - y) = y(3 - y - 2x)
-
Providing mental health services is an important component of any effort to reduce gun violence in a healthcare facility, what are the prevention the facility can take in order to reduce gun violence...
-
The last thing you need is the values of penalty you are trying. This can be created using grid _ regular ( ) which creates a grid of evenly spaces parameter values. You use the penalty ( ) function...
-
In your project, explain your codes with comments. Without comments, your project will not be marked. This Project needs to be written in Java and on Android Studio Problem In this Project you are...
-
Refer to video https://www.youtube.com/watch?v=b2phdK9lmsQ 1) What is Paul trying to convey to his audience about tangible and intangible thoughts? 2) What is the difference in how the market values...
-
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 12,000 units follow. The company targets a profit of $428,400 on this product. Variable...
-
1. You have the following capital budgeting timeline: 0 = ($21,000), 1 = $6109, 2 = $7276, 3 = ?, 4 = $4902, 5 = $4195, 6 = $6986. The discounted payback for the timeline is 4.626. k = 9.85%. What is...
-
Does log 81 (2401) = log 3 (7)? Verify the claim algebraically.
-
Using the techniques of Section 5.3, test the following two-sided hypotheses: a. For Equation 5.8, test the hypothesis that: H 0 : 2 = 160.0 H A : 2 160.0 at the 5-percent level of significance. b....
-
Suppose that youve been asked by the San Diego Padres baseball team to evaluate the economic impact of their new stadium by analyzing the teams attendance per game in the last year at their old...
-
Frederick Schut and Peter VanBergeijk16 published an article in which they attempted to see if the pharmaceutical industry practiced international price discrimination by estimating a model of the...
-
TO3.E02 Define Resiliency Question 6 of 20. Resiliency can best be described as: O the ability to conduct continuous automated cybersecurity test the ability to prepare for and adapt to changing...
-
kindly refer to each and every image. My doubts from this are: -How P=800? - Why does everyone buys insurance at P=800 even if max willingness to pay for insurance is 600 when prob of accident is...
-
When some of the costs of a good spill over to a third party: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a a negative externality exists and...
Study smarter with the SolutionInn App