Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

Which of the following acts is considered to be an unfair claim practice? a. making a material misrepresentation to an insured b. paying life insurance

Which of the following acts is considered to be an unfair claim practice?

a. making a material misrepresentation to an insured

b. paying life insurance proceeds to a beneficiary within ten days after receipt of claim

c. providing a reasonable explanation of nonpayment of a claim

d. altering an application with an insured's initials

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

1. A service station has both self-service and fullservice islands. On each island, there is a single regular unleaded pump with two hoses. Let X denote the number of hoses being used on the...

Answered: 1 week ago

Question

★★★★★

At the beginning of 2018, Thompson Service, Inc., showed the following amounts in the stockholders' equity section of its balance sheet. Stockholders' equity: Capital stock, $1 par value, 500,000...

Answered: 1 week ago

Question

★★★★★

Klinken Corporation's contribution margin ratio on the sale of its most popular product is 50%. The product is priced at $99, annual fixed expenses are $895,000. Management is evaluating two options:...

Answered: 1 week ago

Question

★★★★★

The Parkview Hospital is considering the purchase of a new autoclave. This equipment will cost $155,000. This asset will be depreciated using an MACRS (GDS) recovery period of three years. If the...

Answered: 1 week ago

Question

★★★★★

Problem 1 (20 points). In a warehouse, it is required to locate a temporary storage area for 5 shelves operations that are located in the following coordinates (1, 4), (1, 8), (1, 12), (4, 4) and (4,...

Answered: 1 week ago

Question

★★★★★

Game Z Ltd has 3 sources of capitals - Common shares, Preferred shares and corporate bonds. The market value of its common shares is $50 per share while its Preferred shares are valued at $45 per...

Answered: 1 week ago

Question

★★★★★

Multi-step Income Statements The adjusted trial balance of Mally Distributors on December 31 is shown below. MOLLY DISTRIBUTORS Adjusted Trial Balance December 31 Debit Credit $30,200 Cash Accounts...

Answered: 1 week ago

Question

★★★★★

48 Assume that the actual amount of one of a company's variable expenses was $45,198. The company's planned level of activity was 19,000 machine-hours, and its actual level of activity was 18,500...

Answered: 1 week ago

Question

★★★★★

According to corporate policy, the average age of trade receivables and trade payables should both be 10 days and 20 days, respectively. At 30th June 2022, the Exeter hotel had trade receivables of...

Answered: 1 week ago

Previous Question Next Question