What is the difference between a named perils policy and an open perils policy?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
A named perils policy creates liability for the insurer only if the pro...View the full answer
Answered By
Mercy Kangai
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past seven years. I can bring value to your business and help solve your administrative assistant issues. I have extensive experience in marketing and small business management.
4.80+
27+ Reviews
85+ 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
-
What is the difference between a copyright and a trademark? Between a trademark and brand?
-
What is the difference between a trade or business and a production of income activity and why is it important to distinguish between these two types of activities?
-
What is the difference between a current asset and a long-term asset? What is the difference between a current liability and a long-term liability? What is the difference between a debtors claim and...
-
Ebbers Corporation overstated its ending inventory balance by $15,000 in the current year. What impact will this error have on cost of goods sold and gross profit in the current year and following...
-
You have been asked to determine if two different production processes have different mean numbers of units produced per hour. Process 1 has a mean defined as m1 and process 2 has a mean defined as...
-
Find the Norton equivalent at terminals a-b of the circuit in Fig. 4.119? 0.25, 6 2 18 V
-
The composite bar consists of a 20-mm-diameter A-36 steel segment AB and 50-mm-diameter red brass C83400 end segments DA and CB. Determine the average normal stress in each segment due to the applied...
-
Jill Kramer borrowed $25,000 to pay for a startup business. Jill must repay the loan at the end of five months in one payment with a 6 percent simple interest rate. a. What is the total amount that...
-
Discuss the cultural differences between China and the United States. What would be the biggest adjustments I might need to make if working there as an expatriate? What are the most...
-
Suppose that a customer were to purchase from Colonial Originals a furniture kit that has a catalog price of $99.95 and a shipping weight of 26.5 pounds. a. Using Table 3-3, determine the total cost...
-
Why is the mortgage clause of the HO desirable from a lenders viewpoint?
-
Referring to the previous question, is one format always preferable over the other?
-
What adjusting journal entry is needed to record depreciation expense for the period? A. A debit to Depreciation Expense; a credit to Cash B. A debit to Accumulated Depreciation; a credit to...
-
Explain why business sustainability is a key consideration for management.
-
In 2019, Tom and Amanda Jackson (married filing jointly) have $200,000 of taxable income before considering the following events: a. On May 12, 2019, they sold a painting (art) for $110,000 that was...
-
Sylvester files as a single taxpayer during 2019. He itemizes deductions for regular tax purposes. He paid charitable contributions of $7,000, real estate taxes of $1,000, state income taxes of...
-
What does GAAP mean? Why is this important when financial statements are being prepared for a business?
-
List external users who need financial accounting information about a business? List five external users and discuss the type of information that each might require.
-
If k < 0, what is the solution set of each of the following? (a) 8x - 5 k (c) |8x - 5] = k
-
Three forces with magnitudes of 70pounds, 40 pounds, and 60 pounds act on an object at angles of 30, 45, and 135, respectively, with the positive x-axis. Find the direction and magnitude of the...
-
Describe the basic characteristics of variable life insurance.
-
Sonja, age 25, recently purchased a $100,000 ordinary life insurance policy on her life. The waiver-of-premium rider and guaranteed purchase option are attached to the policy. For each of the...
-
Richard, age 35, owns an ordinary life insurance policy in the amount of $250,000. The policy is a participating policy that pays dividends. Richard has a number of financial goals and objectives....
-
1- The binomial distribution N! B(M) = (N-M)!M! describes the probability of placing M identical particles into N equivalent physical sites, with a limit of one particle/site if the probability of a...
-
Margo, a calendar year taxpayer, paid $1,580,000 for new machinery (seven-year recovery property) placed in service on August 1, 2023. Required: a. Assuming that the machinery was the only tangible...
-
CASA (Australia's Civil Aviation Safety Authority) and I CAO SMS (Safety Management Systems) and the alphanumeric risk categorization system for an aviation risk register. *** What I need help with...
Study smarter with the SolutionInn App