Doug, age 40, is the owner of a small firm that sells window blinds and cleans carpets. The company provides health insurance for seven employees. The wife of one employee has breast cancer and has incurred substantial medical bills, which resulted in a 40 percent increase in health insurance premiums for the company. Doug is not certain that the company can continue to provide health insurance for the employees because of the substantial increase in premiums. Explain the provision in the Affordable Care Act that will enable Doug to provide affordable health insurance to his employees.
Answer to relevant Questionsa. Explain the historical definition of risk.b. What is a loss exposure?c. How does objective risk differ from subjective risk?Explain the difference between a direct loss and an indirect or consequential loss.Ken, age 52, works only part-time and has no health insurance. The cartilage in both his knees is severely eroded from osteoarthritis, which causes severe pain during his daily activities. As a result, Ken requires major ...The PAP provides coverage for your covered auto. Identify the four classes of vehicles that are considered to be covered autos.Richard owns several retail stores. The employees are insured for employee theft under a commercial crime coverage form (loss-sustained form) with an insurance limit of $10,000. Richard discovered that Vera, a long-time ...
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