Why are the rules on the right to assign a property insurance contract different from the rules
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Life insurance policies are freely assignable Proper notification of the assignment is desirable to ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Introduction to Risk Management and Insurance
ISBN: 978-0131394124
10th edition
Authors: Mark S. Dorfman, David Cather
Question Posted:
Students also viewed these Corporate Finance questions
-
The Coase Theorem is often applied in court cases where the parties seek to clarify who has the right to do what in the presence of externalities. Consider again (as in the text discussion) the case...
-
Stephanie owns a small warehouse that is insured for $200,000 under a commercial property insurance policy. The policy contains an 80 percent coinsurance clause. The warehouse sustained a $50,000...
-
The following excerpt is from a conversation between Boris Harris, the president and chief operating officer of Chesapeake Company, and his neighbor, Neil Liven. Neil: Boris. Im taking a course in...
-
In the expression 2 4 , the number 2 is called the______and 4 is called the_______.
-
In Example 11.1 a linear regression model was developed. Use that model to answer the following. a. Interpret the coefficient b1 = 2.545 for the plant manager. b. How many tables would be produced on...
-
EZ-Seat, Inc., manufactures two types of reclining chairs, Standard and Ergo. Ergo provides support for the body through a complex set of sensors and requires great care in manufacturing to avoid...
-
Refer to the information in QS 6-8 and assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method....
-
Furniture, Inc., specializes in the production of futons. It uses standard costing and flexible budgets to account for the production of a new line of futons. For 2011, budgeted variable overhead at...
-
3 . Discuss the adverse tax consequences of a contract that does not meet the definition of "life insurance."
-
As part of an estate plan for Marsha, would you recommend a will, a will with a testamentary trust, or a revocable living trust? Why. Are the children old enough to voice their preference for a...
-
How do binders differ from conditional receipts?
-
Why are insurance contracts viewed as contracts of adhesion? If an insurer issues a contract that includes ambiguities that an insured challenges in court, how will the courts view the case?
-
If you use a 0.10 level of significance in a two-tail hypothesis test, what is your decision rule for rejecting a null hypothesis that the population mean equals 500 if you use the Z test?
-
The Penguin Textile Company sells shirts for men and boys. Results for January 2 0 2 3 are summarized below. Men's Boy's Total Revenue $ 1 7 2 , 8 0 0 $ 7 2 , 0 0 0 $ 2 4 4 , 8 0 0 Variable costs 1 2...
-
SINGLE, MARRIED FILING SEPERATELY, OR HEAD OF HOUSEHOLD SINGLE, MARRIED FILING SEPERATELY, OR HEAD OF HOUSEHOLD Over $0 $12,500 $50,000 But Not Over $12,500 $50,000 Tax Due Is 4% of taxable income...
-
17. S T D -3 -2 graph of glx) 2 The graph of the continuous function g is shown above for -46x4. The Function g is twice differentiable, except at x=0. let & be the function with flo1=-2 and f'(x) =...
-
Tim works for HydroTech, a manufacturer of high-pressure industrial water pumps. He reports directly to the CFO, and she has asked him to calculate HydroTech's WACC. He has gathered the following...
-
You are appraising a 15,450 square foot (SF) building and using the Cost Approach. The base cost is $50/SF, the local multiplier is 1.05, the current cost multiplier is 0.92. The land value is...
-
Conduct some research on the future of the Social Security programs (see the Web site www.ssa.gov). Based on your research, prepare a statement, not to exceed 250 words, that describes your view of...
-
What are current assets and current liabilities? How are they different from non-current assets and non-current liabilities?
-
A The relationship between income/cost/volume suggests that there are four ways by which profit can be increased. These are: 1 Increase unit selling price. 2 Decrease unit variable cost. 3 Decrease...
-
Compare the risks of (i) Fire with (ii) War in terms of how well they meet the requirements of an ideally insurable risk.
-
a. Private insurers provide social and economic benefits to society. Explain the following benefits of insurance to society. (1) Indemnification for loss (2) Enhancement of credit (3) Source of funds...
-
Buildings in flood zones are difficult to insure by private insurers because the ideal requirements of an insurable risk are difficult to meet. a. Identify the ideal requirements of an insurable...
-
4 Exercise 9-6 (Algo) Lower of cost or market [LO9-1) 75 Tatum Company has four products in its inventory. Information about the December 31, 2021, Inventory is as follows: oints Product Total Cost...
-
A real estate investment is expected to return to its owner $3,500 per year for 16 years after expenses. At the end of year 16, the property is expected to be sold for $49,000. Assuming the required...
-
You borrowed $15,000 for buying a new car from a bank at an interest rate of 12% compounded monthly. This loan will be repaid in 48 equal monthly installments over four years. Immediately after the...
Study smarter with the SolutionInn App