Insurance contracts are said to be aleatory. What important additional feature of insurance contracts follows from this

Question:

Insurance contracts are said to be aleatory. What important additional feature of insurance contracts follows from this characteristic?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Risk And Insurance

ISBN: 978-1118534007

11th Edition

Authors: Emmett J. Vaughan ,Therese M. Vaughan

See More Books

Question Posted: Jul 15, 2024 01:02 AM

See More Questions

I need a transcript (what I'm going to talk and explain them) for my presentation from this book chapter 10 (page 271-277) "Controversy over regulation of int finance". Please help measap, deadline...
Hi Katrina, I have another accounting problem I need your help with. It's similar to the one you did on 4/4/2016. The due date for this one will be 4/10/2016, Will you be able to help? See below...
Publications 2016 Project Execution: A Research Agenda to Explore the Phenomenon James Walter Marion Embry-Riddle Aeronautical University, m..j@erau.edu Tracey Richardson Embry-Riddle Aeronautical...
paraphrase the following two passages using narrative in-text citations: 1.Those who teach ethics don't need to look far for lessons. Every day there's fresh scandal: Google is in hot water for how...
Toronto drivers have been going to small towns in Ontario (Canada) to take the drivers road test, rather than taking the test in Toronto, because the pass rate in the small towns is 90%, which is...
How does overexploitation of fish stocks lead to reduced food availability?
What is fast tracking? When should fast tracking be used? When would fast tracking not be appropriate? AppendixLO1
Use the information presented in BE5-14 for Martinez Corporation to compute the net cash used (provided) by financing activities.
What is the purpose of a corporate ethics audit? How is the audit accomplished?
In what sense is an insurance contract conditional? In what sense is it unilateral?
What is the key factor in determining whether a fact is material in the application of the doctrines of misrepresentation and concealment?
How did an accountant figure in bringing $\mathrm{Al}$ Capone to justice? In what other ways may forensic accountants fight organized crime?
The elementary gas-phase reaction 2A + B C+D is carried out isothermally at 450 K in a PBR with no pressure drop. The specific reaction rate was measured to be 2x10-3 L/(mol-min-kgcat) at 50C and the...
Below are incomplete financial statements for Hurricane, Incorporated Required: Calculate the missing amounts. Complete this question by entering your answers in the tabs below. Income Statement Stmt...
TBTF Incorporated purchased equipment on May 1, 2021. The company depreciates its equipment using the double-declining balance method. Other information pertaining to the equipment purchased by TBTF...
Coco Ltd. manufactures milk and dark chocolate blocks. Below is the information relating to each type of chocolate. Milk Chocolate Selling price per unit $6 Variable cost per unit $3 Sales mix 4 Dark...
Data related to 2018 operations for Constaga Products, a manufacturer of sewing machines: Sales volume 5,000 units Sales price $300.00 per unit Variable production costs Direct materials 75.00 per...
A proportional-only feedback controller is implemented as shown in figure. We ordinarily think of the process and controller gains as being positive.(a) Give an example of a process whose gain...
Subtract the polynomials. (-x+x-5) - (x-x + 5)
This short exercise demonstrates the similarity and the difference between two ways to acquire plant assets. (Click the icon to view the cases.) Compare the balances in all the accounts after making...
Balance sheet and income statement data for two affiliated companies for the current year appear below: BALANCE SHEET As at December 31, Year 6 Albeniz Bach Cash $ 40,000 $ 21,000 Receivables 92,000...
please reference excel cells Caroll Manufacturing company manufactures a single product. During the past three weeks, Caroll's cost accountant observed that output costs varied considerably. The...

Insurance contracts are said to be aleatory. What important additional feature of insurance contracts follows from this

Question:

Step by Step Answer:

Fundamentals Of Risk And Insurance

Students also viewed these Business questions