What does an insurance broker do?
Question:
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
A broker is someone who provides advice and assis...View the full answer
Answered By
Madhvendra Pandey
Hi! I am Madhvendra, and I am your new friend ready to help you in the field of business, accounting, and finance. I am a College graduate in B.Com, and currently pursuing a Chartered Accountancy course (i.e equivalent to CPA in the USA). I have around 3 years of experience in the field of Financial Accounts, finance and, business studies, thereby looking forward to sharing those experiences in such a way that finds suitable solutions to your query.
Thus, please feel free to contact me regarding the same.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Canadian Business & the Law
ISBN: 978-0176501624
4th edition
Authors: Dorothy DuPlessis, Shannnon o'Byrne, Steven Enman, Sally Gunz
Question Posted:
Students also viewed these Business Law questions
-
MDM is an insurance broker that developed a program for insuring ski resorts against the risk that the number of paying ski days during a ski season would fall below a certain minimum. CX and others...
-
Havensure, LLC, an insurance broker, approached York International to determine whether it could provide insurance for York at a better rate. At the time, York was obtaining its group insurance from...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. While the term malpractice is usually applied to physicians, dentists, attorneys, and...
-
You are supply chain manager for a company Yard-Depot located in Huntsville. You found a drywall sheetrock manufacturing company in South Nevada and signed a deal to buy sheetrock from this company....
-
The account balances of Wilford Towing Service at June 30, 2016, follow Equipment...........$ 17,500 Office Supplies ........... 1,300 Notes Payable........... 6,900 Rent Expense........... 800...
-
On June 30, 2010, Roy Corp. paid $200,000 for equipment that is expected to have an eight-year life. In this industry, the residual value is approximately 10% of the asset s cost. Roy s cash revenues...
-
Describe how the slope, y intercept, standard deviation of the residuals, and r 2 are influenced by outliers.
-
When the accounts of Daniel Barenboim Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual fiscal period. 1. The prepaid insurance account shows a...
-
QUESTION 2 Syarikat Jenin using process costing to gather information on production costs. All direct materials are added at the beginning of the process and conversion costs are evenly incurred...
-
All cash flows occur at the end of the period. 1. What is the annual interest rate, if $1,000 grows to $1,338 over 5 years? (4) remember to use opposite signs on the payment and present values 2....
-
When should a business consider buying key person life insurance?
-
Does the insurer have a duty of good faith? Explain.
-
Between 124.1 volts and 124.5 volts Refer to the continuous uniform distribution depicted in Figure 6-2. Assume that a voltage level between 123.0 volts and 125.0 volts is randomly selected, and find...
-
Let $N$ be a positive integer. Consider the relation $\circledast$ among pairs of integers $r, s \in \mathbb{Z}$ defined as $r \circledast s$ when $r-s$ is an integer multiple of $N$. Prove that...
-
Draw a circuit diagram for a typical home hair dryer. To which form (or forms) of energy is electric potential energy converted when you use the dryer?
-
Draw a vector field diagram for particles carrying charges \(+2 q\) and \(-q\) separated by a distance \(r\). Comment on the significance of the vector diagram.
-
(a) Show that the Jones matrix of a polarization analyzer set at angle \(\alpha\) to the \(X\)-axis is given by \[ \underline{\mathbf{L}}(\alpha)=\left[\begin{array}{cc} \cos ^{2} \alpha & \sin...
-
Let \(\mathbf{V}(t)\) be a linearly filtered complex-valued, wide-sense stationary random process with sample functions given by \[ \mathbf{v}(t)=\int_{-\infty}^{\infty} \mathbf{h}(t-\tau)...
-
A hedge fund is considering hiring two different portfoliomanagers, Alice and Bob.The funds Sharpe ratio is currently believed to be 1.00. Based on historical data, you believe that Alice has a...
-
Distinguish between the work performed by public accountants and the work performed by accountants in commerce and industry and in not-for-profit organisations.
-
The duration of a 20-year, 8 percent coupon Treasury bond selling at par is 10.292 years. The bonds interest is paid semiannually and the bond qualifies for delivery against the Treasury bond futures...
-
Five employees of American Electric Power Service Cor p. (AEP) invented a new product. "In consideration of the sum of One Dollar (1.00), and of other good and valuable consideration paid to the...
-
This appeal arises out of the trial court's division of property in a divorce case. Vincent Simmons appeals from the trial court's order awarding to his wife, Doro- thy Simmons, a one-half interest...
-
Martin was employed as a retail associate by UPS for over two years. He had no written employment agreement. On December 5, 2004, Martin's boss called him at his home and told him that he was...
-
If the auditor believes that the financial statements prepared on the basis of the entity's income tax are not adequately titled, the auditor should : A)Issue a resignation of opinion. B)Explain the...
-
initial stock offering to the public. This REIT specializes in the acquisition and management of warehouses. Your firm, Blue Street Advisors, is an investment management company that is considering...
-
Question 3 You have been hired to run a pension fund for Mackay Inc, a small manufacturing firm. The firm currently has Gh5 million in the fund and expects to have cash inflows of $2 million a year...
Study smarter with the SolutionInn App