Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 04, 2024

In insurance, an offer is usually made when A . An applicant submits an application to the insurer. B . The insurer approves the application

In insurance, an offer is usually made when

.

An applicant submits an application to the insurer.

.

The insurer approves the application and receives the initial premium.

.

An agent explains a policy to a potential applicant.

.

The agent hands the policy to the policyholder.

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

Money Banking And Financial Markets

Authors: Stephen Cecchetti, Kermit Schoenholtz

6th Edition

1260226786, 9781260226782

More Books

Students also viewed these Finance questions

Question

★★★★★

Crystal Company produces large quantities of a standardized product. The following information is available for its production activities for March. Additional information about units and costs of...

Answered: 1 week ago

Question

★★★★★

=+27. Manufacturing. A ceramics factory can fire eight large batches of pottery a day. Sometimes a few of the pieces break in the process. In order to understand the problem better, the factory...

Answered: 1 week ago

Question

★★★★★

5. Recognize that there are two sources of quality problems: faulty systems (85 percent probability) and the production worker (15 percent probability). Strive to constantly improve the system.

Answered: 1 week ago

Question

★★★★★

Lindburg Company estimates that its overhead costs for 2011 will be $270,000 and output in units of product will be 300,000 units. Required a. Calculate Lindburgs predetermined overhead rate based on...

Answered: 1 week ago

Question

★★★★★

In insurance, an offer is usually made when A . An applicant submits an application to the insurer. B . The insurer approves the application and receives the initial premium. C . An agent explains a...

Answered: 1 week ago

Question

★★★★★

Bridgeport Corporation made the following cash purchases of securities during 2020, which is the first year in which Bridgeport invested in securities. 1. On January 15, purchased 9,000 shares of...

Answered: 1 week ago

Question

★★★★★

Suppose that there are two countries (North and South) and two goods (computers and textiles). Let CC and CT be consumption levels of computers and textiles. QC and QT are production levels of...

Answered: 1 week ago

Question

★★★★★

The outputs of operations are usually the combination of products and services. Explain the outputs classification.

Answered: 1 week ago

Question

★★★★★

The Amanda Company has developed the following income statement using the behavioral/contribution margin format: Income Statement For the Year Ended Dec. 31, 2021 Sales revenue P400,000 Variable...

Answered: 1 week ago

Question

★★★★★

A survey was conducted with 100,000 programmers asking their primary programming language. VBA : The number indicating VBA plus the number indicating Python equals six times the number indicating...

Answered: 1 week ago

Question

★★★★★

Include references for Die 18f a hotel and that will help address an aspect of sustainability (one of the 3Ps/EES). Explain what this technology is how will it function in a hotel Housekeeping or...

Answered: 1 week ago

Previous Question Next Question