FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 30 An insurance contract has a straight deductible worth 100BD, additionally it also has a coinsurance agreement which specifies that a 55% coinsurance clause

image text in transcribed
QUESTION 30 An insurance contract has a straight deductible worth 100BD, additionally it also has a coinsurance agreement which specifies that a 55% coinsurance clause exists on a car valued at 33211 BD Based on this, if a loss worth 9798 happens. how much will the insurer pay

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

The Pillars Of Finance The Misalignment Of Finance Theory And Investment Practice

The Pillars Of Finance The Misalignment Of Finance Theory And Investment Practice

Authors: G. Fraser-Sampson

2014th Edition

1137264055, 978-1137264053

More Books

Students also viewed these Finance questions

Question

★★★★★
If R is upper triangular and invertible, show that there exists a diagonal matrix D with diagonal entries 1 such that Rl = DR is invertible, upper triangular, and has positive diagonal entries.

Answered: 1 week ago

Question

★★★★★
1 5 . Staple and company is evaluating a new project with the following cash flows: Initial investment Year 0 yr 1 yr 2 yr 3 yr 4 yr 5 - 1 5 0 , 0 0 0 2 5 , 0 0 0 3 5 , 0 0 0 4 0 , 0 0 0 5 0 , 0 0 0...

Answered: 1 week ago

Question

★★★★★
Suppose we have a stochastic model Yi = xi + i Where the is are independent with mean 0 and variance 2xi. Show that the weighted least squares estimator of is = /x. Is the standard error for that...

Answered: 1 week ago

Question

★★★★★
James Albemarle created a trust fund at the beginning of 2010. The income from this fund will go to his son Edward. When Edward reaches the age of 25, the principal of the fund will be conveyed to...

Answered: 1 week ago

Question

★★★★★
QUESTION 30 An insurance contract has a straight deductible worth 100BD, additionally it also has a coinsurance agreement which specifies that a 55% coinsurance clause exists on a car valued at 33211...

Answered: 1 week ago

Question

★★★★★
Required information [The following information applies to the questions displayed below.) Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift...

Answered: 1 week ago

Question

★★★★★
Provide a complete solution to each question. Explain your idea using proper terminology. A motorist drives along a highway at an average speed of 124 km/h. The speed limit is 100 km/h. (a) If the...

Answered: 1 week ago

Question

★★★★★
Maxwells equations show that a. Electromagnetic waves move at the speed of light b. The fabric of space is curves by masses c. Force is mass times acceleration d. Regardless of the mass, all object...

Answered: 1 week ago

Question

★★★★★
On January 1 , 2 0 1 8 , Princess Corporation leased equipment to King Company. The lease term is ten years. The first payment of $ 8 0 0 , 0 0 0 was made on January 1 , 2 0 1 8 . The equipment cost...

Answered: 1 week ago

Question

★★★★★
Lucia has a bank account at First Street Bank. She received Form 1099-INT, Interest Income, shown below. She has no other interest or dividends to report. How should this income be reported on...

Answered: 1 week ago

Question

★★★★★
Use Exhibit 1. Which of the following statements is (are) correct? Exhibit 1 Production Possibilities Trucks Cars 1,000 0 800 1,600 500 2,700 0 3,500 x The opportunity cost of the first 500 trucks is...

Answered: 1 week ago

Question

★★★★★
Describe how to determine the vocabulary level of business messages.

Answered: 1 week ago

Question

★★★★★
Format business letters using the full block, modified block, and simplified styles.

Answered: 1 week ago

Question

★★★★★
Use a three-step process to develop effective business messages.

Answered: 1 week ago

Previous Question Next Question