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explain the following legal doctrinesa misrepresentationb concealmentc
a explain the principle of subrogationb why is subrogation
a explain the meaning of an insurable interestb why is an insurable interest required in every insurance
paf 9140 budgeting accounting amp financial managementobjectives tasks1 to write a simple mission statement2 to present
a what is a valued policy why is it usedb what is a valued policy lawc what is a replacement cost
a explain the principle of indemnityb how is actual cash value calculatedc how does the concept of actual cash value
one requirement for the formation of a valid insurance contract is that the contract must be for a legal purposea
a drunk driver ran a red light and smashed into kristens car the cost to repair the car is 8000 she has collision
megan owns an antique table that has a current market value of 12000 the table is specifically insured for 12000 under
nicholas owns a laptop computer that was stolen the laptop cost 1000 when it was purchased five years ago a similar
ashley purchased a dining room set for 5000 and insured the furniture on an actual cash value basis three years later
jake borrowed 800000 from the gateway bank to purchase a fishing boat he keeps the boat at a dock owned by the harbor
a what is the purpose of other-insurance provisionsb give an example of the pro-rata liability
a describe the following types of deductibles1 straight deductible2 calendar-year deductible3 aggregate deductibleb
a what is an endorsement or riderb if an endorsement conflicts with a policy provision how is this problem
question 1- decision analysisshow all calculations to support your answers you may follow the methods shown in the mp4
a what is the meaning of named insuredb can other parties be insured under a policy even though they are not
a define the term conditionsb does the insurer have to pay an otherwise covered loss if the insured fails to comply
a describe the major types of exclusions typically found in insurance contractsb why are exclusions used by
a explain the basic characteristics of universal life policiesb explain the limitations of universal life
a briefly explain the basic characteristics of ordinary life policiesb why does an ordinary life insurance policy
a briefly explain the basic characteristics of term insuranceb identify the major types of term insurance sold todayc
a explain the meaning of premature deathb identify the costs associated with premature deathc explain the economic
richard age 35 is married and has two children ages 2 and 5 he is considering the purchase of additional life insurance
life insurance policies have different characteristics for each of the following identify the life insurance policy