Why might insurance companies restrict the amount of insurance a policyholder can buy?
Question:
Why might insurance companies restrict the amount of insurance a policyholder can buy?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
Because the bigger the policy the greater the moral haz...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
The Economics of Money Banking and Financial Markets
ISBN: 978-0321785701
5th Canadian edition
Authors: Frederic S. Mishkin, Apostolos Serletis
Question Posted:
Students also viewed these Business questions
-
Expanding Health Insurance Coverage: Some countries are struggling with the problem of expanding the fraction of the population that has good health insurance. A: Continue with the set-up first...
-
Rocker Bruce Springsteen insured his vocal cords for $ 6 million. Dancer Fred Astaire insured his legs for $ 75,000 each. And, in 1999, singer and actress Jennifer Lopez reportedly took out a $ 1...
-
Why do insurance companies hire independent loss adjustment bureaus?
-
Find the number density N/V for electrons such that (a) e -a = 1 and (b) e -a = 10 -6 .
-
A current of 2.4 A flows through a circular coil of wire with 52 turns and a radius of 0.64 cm. The coil rotates in a uniform 0.12-T magnetic field. (a) What is the maximum torque exerted on the loop...
-
Determine the relationships among the four relations in Figure 7-17. List primary keys for each relation and any foreign keys necessary to establish the relationships and maintain referential...
-
What reasons might an entity provide for adopting ESG practices?
-
Presented below are two independent situations. 1. On January 1, 2008, Paul Simon Company issued $200,000 of 9%, 10-year bonds at par. Interest is payable quarterly on April 1, July 1, October 1, and...
-
1. 120g of an organic compound that contains only carbon and hydrogen gives 330g of CO2 and 270g of water on complete combustion. The percentage of carbon and hydrogen, respectively are (a) 25 and 75...
-
The following data represent the responses to two questions asked in a survey of 40 college students majoring in business: What is your gender? (M = male; F = female) and What is your major? (A =...
-
What explains the widespread use of deductibles in insurance policies?
-
Why are restrictive provisions a necessary part of insurance policies?
-
The towns of Sawyer and Thatcher each have a labor force of 1,200 people. In Sawyer, 100 people were unemployed for the entire year, while the rest of the labor force was employed continuously. In...
-
What are the arithmetic operators?
-
(a) If accounts payable are 40,000 and purchases are 240,000, what is the accounts payable/purchases ratio? (b) How many days does the business take on average to pay its creditors?
-
What is social software? Give two examples.
-
The Milham Theatre Club has been in existence for a number of years. Members pay an annual subscription of 15 which entitles them to join trips to professional productions at a reduced rate. On 1...
-
Burden PLC has an authorised capital of 500,000 ordinary shares of 0.50 each. (a) At the end of its financial year, 31 May 2012, the following balances appeared in the companys books: The companys...
-
What are the major benefits of getting assets off the balance sheet through either loan sales or securitization?
-
Design an experiment to demonstrate that RNA transcripts are synthesized in the nucleus of eukaryotes and are subsequently transported to the cytoplasm.
-
In the mid- to late 1970s, the yen appreciated relative to the dollar even though Japans inflation rate was higher than Americas. How can this be explained by an improvement in the productivity of...
-
If the president of a bank told you that the bank was so well run that it has never had to call in loans, sell securities, or borrow as a result of a deposit outflow, would you be willing to buy...
-
If you are a banker and expect interest rates to rise in the future, would you want to make short-term or long-term loans?
-
blem 3: Consider the soil profile below. If the effective stress at point C is 111 kPa, find the value of h. (30) e=0.61 Gs=2.66 Ground Surface 4m 5m e=0.48 Gs=2.67 A PP A
-
Q4 (40 marks). Two identical rigid foundations are given. Calculate the differential settlement ratio (8/L) after 100 days and long term after construction of the foundations. Hint: Average total...
-
An embankment is given (H = 5 m and y = 20 kN/m). Determine the vertical stress increase at points A, which is 5 m below the ground surface. Assume the embankment is constructed on the ground...
Study smarter with the SolutionInn App