Explain the legal distinction between an agent and a broker.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
An agent is someone who legally represents the insurer and has t...View the full answer
Answered By
Albert Kinara
i am an expert research writer having worked with various online platform for a long time. i also work as a lecturer in business in several universities and college part time and assure you well researched and articulate papers. i have written excellent academic papers for over 5 year and have an almost similar experience experting many clients in different units. bachelor of commerce (finance)
masters in strategic management
phd finance
4.60+
26+ Reviews
48+ Question Solved
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Question Posted:
Students also viewed these Corporate Finance questions
-
Explain Mundells distinction between a true currency area and a pseudo currency area. Why is this distinction important?
-
Explain the distinction between reimbursement grants and entitlements. How does this distinction affect the way each type of grant is accounted for?
-
Explain the distinction between product casts and period costs. Why is this distinction important?
-
A record company needs to produce 100 gold records at one or more of its three studios. the cost of producing x records at studio 1 is 10 x; the cost of producing y records at studio 2 is 2y 2 ; the...
-
A FI has issued a one-year loan commitment of $2 million for an up-front fee of 25 basis points. The back-end fee on the unused portion of the commitment is 10 basis points. The FIs base rate on...
-
Calculate the volume flow rate between the reservoirs of Prob. 1443 for the case in which the pipe diameter is doubled, all else remaining the same. Discuss. Data from Problem 1443 A water pump is...
-
The flowrate in the clay-lined channel \((n=0.025)\) shown in Fig. P10.54 is to be \(300 \mathrm{ft}^{3} / \mathrm{s}\). To prevent erosion of the sides, the velocity must not exceed \(5 \mathrm{ft}...
-
Consider a pressure surge system to reduce the effect of pressure variations at a compressor outlet on the pressure in a compressed gas header. We want to develop a two-tank model and evaluate the...
-
1: In a short paragraph, examine what the term economics actually is. In your description, be sure to relate why scarcity exists, how society gets resources, and how people make decisions on how to...
-
In the event of a disaster situation at Tech from weather, an accident, or terrorism, victims will be transported by emergency vehicles to three area hospitals: Montgomery Regional, Radford Memorial,...
-
A group of investors are discussing the formation of a new property and liability insurer. The proposed company would market a new homeowners policy that combines traditional homeowner coverages with...
-
Who owns the policy expirations or the renewal rights to the business under the independent agency system?
-
On January 1, 2013, Denver Company sold land that originally cost $400,000 to Boise Company. As payment, Boise gave Denver a $600,000 note. The note bears an interest rate of 4% and is to be repaid...
-
Confidence level is 99%, is not known, and the dotplot of a sample of 40 values of professional baseball player salaries is as shown below. Assume that we want to construct a confidence interval. Do...
-
Confidence level is 90%, is not known, and the dotplot of IQ scores of 20 randomly selected statistics instructors is as shown below. Assume that we want to construct a confidence interval. Do one...
-
In general a histogram is skewed to the left when the median is greater than the mean and to the right when the median is less than the mean. There are exceptions, however. Consider the following...
-
Figure Q28.23 shows a standing de Broglie wave. a. Does this standing wave represent a particle that travels back and forth between the boundaries with a constant speed or a changing speed? Explain....
-
Figure Q28.20 shows the standing de Broglie wave of a particle in a box. a. What is the quantum number? b. Can you determine from this picture whether the "classical" particle is moving to the right...
-
For each of the following lists of premises, derive the indicated conclusion and complete the justification. For tautology, derive a conclusion that is simpler than the premise.
-
What are the key dimensions of critical thinking 2. Watch the NBC Learn video on Diet Scams. What types of claims are made in this video Are they valid Elaborate on your responses. Discuss this video...
-
Air flows into the atmosphere from a nozzle and strikes a vertical plate as shown in Fig. P5.53. A horizontal force of \(12 \mathrm{~N}\) is required to hold the plate in place. Determine the reading...
-
Illness may cause two different types of monetary loss. What are they?
-
Identify two common definitions of disability used in health insurance.
-
Describe three important contractual provisions often found in health insurance policies.
-
www The sugar cane industry is a big industry on Hawaii. Raw sugar cane is first cut from the fields, then chopped and shredded. The raw cane contains 15 wt% sucrose, 25 wt% solids, and water, along...
-
What does a manager who subscribes to Theory X believes ? Explain thoroughly.
-
Keri, in forming a new corporation, transfers land to the corporation in exchange for 100 percent of the stock of the corporation. Keri's basis in the land is $295,000, and the corporation assumes a...
Study smarter with the SolutionInn App