Pls help ASAP Susana, the insured contacts her broker stating that her 2020 vehicle is now paid off and no longer has a lien on it.Susana wants to know if this will change her premium. What would be the Broker's next steps?OA) Inform Susana that the insurance company will remove the OPCF 5A from her policy and a copy of therevised policy will be sent.OB) Ask Susana for the release of interest so the OPCF 23A can be removed. Explain that she now has theoption of removing physical damage from the vehicle.OC) Inform Susana that the insurance company will remove the OPCF 20 from her policy, but this does notimpact the premium.OD) Inform Susana to leave the lienholder on the policy, as there will be no change in the premium. A building worth $500,000 is insured for $300,000 with a 90% co-insurance clause. A fire causes $200,000 damage.How much does the insurer pay?OA) $100,000.00.OB) $120,000.00.OC) $200,000.00.OD) $133,333.33.

Note: As per guidelines we will author only one question at a time. Please post questions separately…

Answered: Susana, the insured contacts her broker…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

If an insurer wishes to cancel a health insurance policy, it can do so: OA B. O C O D. in Florida as long as premiums are returned on a short-rate basis with a 45-day notice to the policyholder with notice to the Department of Financial Services as long as no daim is pending
mmen 94. if an insured dies during the grace period and the premium has not been paid, which The policy has lapsed and no benefit will be paid A pro-rated benefit will be paid based on the amount of time over due The death benefit will be paid less the premium due The beneficiary must reinstate the policy to receive benefits I
Statement 1: A warranty is a written guarantee issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary, within a specified period of time. Statement 2: Estimated warranty liabilities can be accounted for under accrual and expense as incurred approach. Both statements are correct. Only the second statement is correct. Neither of the statement is correct. Only the first statement is correct.
Your insured lives in an apartment but takes a temporary position in another city and must store some major furniture items in a storage warehouse until he/she returns. In the interim the unfurnished apartment is sublet to a friend. Subsequently, the warehouse is broken into and some of your insured's furniture is stolen. What would a Tenants Comprehensive policy pay? OA) The actual cash value or replacement cost of the property stolen less the policy deductible, subject to the 10% limitation on property temporarily removed. OB) Nothing. The loss is not covered. OC) The actual cash value or replacement cost of all the personal property stolen, less the policy deductible, subject to the policy limit. OD) That proportion of the loss which the value of the property at the warehouse bears to the total value of all of his/her personal property.
In a _____, the owner-debtor gives a security interest in collateral to a creditor that allows the creditor to repossess the collateral if the owner defaults. Question 1 options: bailment gift secured transaction lease sale
9. Nizwa Company bought an equipment for manufacturing tube lights and the company management requested you to analyze and submit the report regarding the four major factors that required to consider for calculating depreciation of an equipment?
1. X borrows money from a bank memorialized by a written loan agreement. Z orally promises the banker he will guarantee the loan. a) Z's promise is probably unenforceable in court, a collateral promise must be in writing. b) Z will have to pay the loan if X defaults. c) Collateral agreements need not be in writing to be enforceable in court. d) All of the above
A producer collects the initial premium for a health policy and gives the applicant a conditiones recopt in the salon the policy becomes effective at which of the lowing te When the premium is received in the insurance company's home office When the policy is delivered When the conditions of the receipt are met When the premium check clears the bank A OB D
Which of the following attorney's fees would not be deductible? Check all that apply!! Question 4 options: Attorney's fee paid by a sole proprietor to assist in collecting delinquent accounts Attorney's fee paid for preparing a title opinion and handling a closing pursuant to the purchase of a personal residence. Attorney's fee paid for preparing a title opinion and handling a closing pursuant to the purchase of a rental property. Attorney's fee paid for the purpose of preparing a Last Will and Testament. Attorney's fee paid by a landlord to assist in the eviction of tenants Attorney's fee paid to handle a defense of a business related criminal charge
68. if a policy loan is not repaid A Nonforfeiture is activated Interest on the loan accrues The incondensable period extended The policy lapses automatically
An insurance company notifics an insured that $50 of the insured's physicians chaige is above the usual, customary, and reasonable limits covered situation, the excess amount would be ⓇA applied to the deductible ⓇB OC. OD. paid at the 80/20 coinsurance rate disallowed as a covered charge charged back to the physician
4. A taxpayer who is claiming a dependent care credit will use what form? O Form 8863 O Form 4868 None of these O Form 2441 O Form 8615

SEE MORE QUESTIONS

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS