Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 19, 2024

A property and casualty insurer in which the salesperson is an employee of the insurer, not an independent contractor, is called a Fraternal insurance company.

A property and casualty insurer in which the salesperson is an employee of the insurer, not

an independent contractor, is called a

Fraternal insurance company.

Risk retention group.

Direct writer.

Captive insurance company.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management for Public Health and Not for Profit Organizations

Authors: Steven A. Finkler, Thad Calabrese

4th edition

133060411, 132805669, 9780133060416, 978-0132805667

More Books

Students also viewed these Finance questions

Question

★★★★★

Does a liquid release energy or absorb energy when it changes into a solid?

Answered: 1 week ago

Question

★★★★★

11. Why is the distinction between insurable and uninsurable risks significant for the theory of profit? Carefully evaluate: All economic profit can be traced to either uncertainty or the desire to...

Answered: 1 week ago

Question

★★★★★

c. If the first coin flip is heads, then the second coin flip will be heads with a probability of 0.8. If the first coin flip is tails, then the second coin flip will be tails with a probability of...

Answered: 1 week ago

Question

★★★★★

Explain whether each of the following transactions results in a valid negotiation: (a) Arnold gives a negotiable check payable to bearer to Betsy without indorsing it. (b) Golden indorses a...

Answered: 1 week ago

Question

★★★★★

A property and casualty insurer in which the salesperson is an employee of the insurer, not an independent contractor, is called a Fraternal insurance company. Risk retention group. Direct writer....

Answered: 1 week ago

Question

★★★★★

Describe the advantages of using digital signals instead of analog signals to transmit information. Describe the importance and reliability of systems that use digital signals to store information....

Answered: 1 week ago

Question

★★★★★

Post a response based on the following scenarios: Scenario 1: Data set has a lot of missing values Scenario 2: Data entry person made a lot of mistakes (Example: Weight 12 lbs. versus 120 lbs....

Answered: 1 week ago

Question

★★★★★

Calculate a company's total leverage given the following information: Net income = $40,000 Revenue = $60,000 Variable costs = $10,000 a.)Cannot calculate without EBIT data b.)1.25 c.)Cannot calculate...

Answered: 1 week ago

Question

★★★★★

ABCO is a conglomerate that has ksh4 billion in common stock. Its capital is invested in four subsidiaries: Entertainment (ENT), Consumer products (CON), Pharmaceuticals (PHA) and insurance (INS)....

Answered: 1 week ago

Question

★★★★★

The VRIO analysis poses the following queries, with the exception of . . a . How rare is the resource?b . How difficult is it to imitate the resource?c . Does the resource add value?d . Is the...

Answered: 1 week ago

Question

★★★★★

On 15th July, PNB booked a forward sale contact for USD 2,50,000 due on August 30 @ Rs.48.35. On 10th Aug, the customer requests the bank to extend the forward contact for 30th Sept. Foreign Exchange...

Answered: 1 week ago

Previous Question Next Question