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: 75% (12 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...
-
Using the data presented below: Aspen Industries Income Statement For the Years Ended December 31, 2004 and 2003 2004 2003 Sales 285,000 190,000 Cost of Goods Sold 215,000 143,000 Gross Profit 70,000...
-
P(A) 0.38, P(B) = 0.26, P(C) = 0.14, P(A and B) = 0.12, P(A and C) = 0.03, P(B and C) = 0.09, P(A and B and C) = 0.01
-
A machine with a book value of $49,000 has an estimated five-year life. A proposal is offered to sell the old machine for $30,000 and replace it with a new machine at a cost of $64,000. The new...
-
The company has a current balance in the allowance for doubtful accounts of $150,000 and its aging analysis now shows they need $180,000. Enter what adjustment you would make in the Financial Effects...
-
In a stress test for elite athletes a physical system is used to measure the performance of the individual, Indicate which of these signals are analog signals: Heart rate Type: Numeric; Range:...
-
What is the purpose of fidelity insurance?
-
Why should renters and tenants have fire and liability insurance?
-
The most common approach to determining the planning horizon for replacement analysis is which of the following? a. Shortest life b. Median Life c. Longest life d. Least common multiple
-
Pulleys C and D in Figure are fastened together. Weights A and B are supported by ropes wound around the pulleys as shown. The radius for pulley C is 187 mm and the radius for pulley D is 138 mm. If...
-
As a leader what are some of the thoughtful and creative ideas that you have implemented to motivate your team and increase job satisfaction?
-
A Chinese smartphone maker TECNO Ltd has provided you with a summary of its price and cost information for one of its product segments (tablets). It is based on 2018 income statement. Units produced...
-
The following projected financial data is available for the single product of Janis Ltd:- October November December Sales (unit) 50,000 65,000 65,000 Production (unit) 70,000 60,000 50,000 Opening...
-
I would appreciate freehand sketches for the top, side views, and front views. D C 6 50 B 2.75 A a 5 4 3 2 1 .45 UNLESS OTHERWISE SPECIFIED: DIMENSIONS ARE IN MILLIMETERS SURFACE FINISH: TOLERANCES:...
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). Statements that have exactly the same truth values in the answer columns of their truth tables are called _________ statements.
-
For the following exercises, find the inverse of the function and graph both the function and its inverse. f(x) = 4 x 2 , x 0
-
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...
-
Justice Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: $ Cash and Cash Equivalents 2,254 $ 1,876 Justice Corporation reported the following...
-
The Fields Company has two manufacturing departments forming and painting. The company uses the FIFO method of process costing at the beginning of the month the forming department has 33.000 units in...
-
A comparative balance sheet for Lomax Company containing data for the last two years is as follows: Lomax Company Comparative Balance Sheet This Year Last Year $ 96,000 $ 70,000 640,000 672,500...
Study smarter with the SolutionInn App