Should an insurance agent be held to a duty to advise applicants about coverage? Why or why

Question:

Should an insurance agent be held to a duty to advise applicants about coverage? Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Business Law Text and Exercises

ISBN: 978-1305509603

8th edition

Authors: Roger LeRoy Miller, William E. Hollowell

See More Books

Question Posted: Jul 12, 2019 10:33 AM

See More Questions

An insurance agent (interviewed in Jonathan Clements, Dare to Live Dangerously: Passing on Some Insurance Can Pay Off, Wall Street Journal, July 23, 2005, D1) states, On paper, it never makes sense...
Carl Brown spoke to an insurance agent about obtaining automobile liability insurance for a Chevrolet Cavalier for which his stepson, who lived with Brown, would be the primary driver. Brown needed...
Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. While the term malpractice is usually applied to physicians, dentists, attorneys, and...
Using the adjustment data listed in P3-2 for San Mateo Health Care, indicate the effects of each adjustment on the liquidity metric Quick Assets and profitability metric Net Income - Accrual Basis....
Tarzan is running along the ground and approaching a deep gully. A tree branch with a vine hangs over the gully. Tarzan must grab the vine and swing across the gully to the other side, where the...
Use the graph of the polynomial function f to complete the following. Let a be the leading coefficient of the polynomial f(x). (a) Determine the number of turning points and estimate any...
Design Data sold a piece of machinery to HHB Drafting Company. However, after HHB had taken possession of the machine, it discovered damage and revoked the contract. The court found that the...
M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of...
What are some business benefits of adopting the relational database model within an organization? How does a relational model create or enhance business value? Are there any limitations to using a...
Question: 1 a) Budget an income statement for the months of January, February and March 2018, with the following information i) Actual sales for the month of October November and December 2017 ii)...
Donald Breeden and Willie Buchanan were married in Marion County, Mississippi. They lived in a home in Sandy Hook. Nationwide Property & Casualty Insurance Co. insured the home under a policy bought...
James Bubenik, a dentist, had medical malpractice insurance with Medical Protective Co. (MPC). The policy required MPC to defend Bubenik against any malpractice claim and required Bubenik to...
A hollow sphere of radius 0.15 m, with rotational inertia 1 = 0.040 kg- m 2 about a line through its center of mass, rolls without slipping up a surface inclined at 30 to the horizontal. At a certain...
Using the input impedance of the op-amp circuit you built in the lab, and referring to Figure 8.7... 1. Calculate the maximum possible value of Vref- 2. Explain why you were unable to get 7.5V...
1. Discuss significance of the term knowledge-based pay system 2. Explain with examples what strategic sourcing is. 3. Explain why companies outsource processes 4. Analyze the total cost of...
Imagine that people only pay partial attention to certain costs (e.g., shipping costs). In particular they perceive the total price to be p = price_visible + (1 - theta)*price_hidden, where...
Tony, a dealing representative, runs an investment seminar. At the end of the presentation, one of the attendees, Jason Parker, shows Tony his current portfolio that is with a competitor and...
One morning, you wake up to realize that your dog ate some of your CS 170 homework paper, which is an mxn rectangular grid of squares. Some of the squares have holes chewed through them, and you...
Many states have an ethics education requirement to become a CPA. Determine each of the following state's ethics education requirements to become a CPA: a. California b. Texas c. North Carolina
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...
Lena, a car dealer, writes to Sam that I have a Honda Civic that I will sell to you for $4,000. This offer will be kept open for one week. Six days later, Todd tells Sam that Lena sold the car that...
Under the parol evidence rule, a contract cannot be contradicted by evidence of any other agreements between the parties except in which of the following circumstances? a. Consistent terms can be...
Med Labs sends Kraft Instruments a purchase order for scalpels. The order states that Med will not be bound by any additional terms. Kraft ships the scalpels with an acknowledgment that includes an...
A 2.00 kg box is suspended from the end of a light vertical rope. A time-dependent force is applied to the upper end of the rope, and the box moves upward with a velocity magnitude that varies in...
Vector C has a magnitude of 21.0 m and points in the -y- direction. Vectors A and B both have positive y-components, and make angles of a = 43.9 and = 25.7 with the positive and negative x-axis,...
Jacarda Company makes a composting bin that is subject to wide seasonal var a quarterly basis by dividing each quarter's manufacturing costs (materials, labour, and overhead) by the quarter's...

Should an insurance agent be held to a duty to advise applicants about coverage? Why or why

Question:

Step by Step Answer:

No An insurance agent is the agent of the insurer not of the insured The agent...View the full answer

Business Law Text and Exercises

Students also viewed these Business questions