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Elenna [48]
1 year ago
5

Due to a large inheritance, a policyowner no longer needs a life insurance policy and agrees to sell it to a third party for mor

e than its cash value. This type of transaction is called a
Law
1 answer:
viva [34]1 year ago
5 0

Due to a large inheritance, a Life Insurance policy owner no longer requires the policy and agrees to sell it to a third party for more than its cash value. This type of transaction is called a Life Settlement.

<h3>What is the Purpose of a Life Settlement Contract?</h3>

The Life Settlement Contract is simply a contract that transfers the insurance cover afforded by the Life Insurance Policy form one person to another.

The life assured of the new holder of the policyholder becomes eligible to receive the benefits of the policy when the insured dies while the policyholder takes responsibility for payment of premiums.

Learn more about Life Settlement at:
brainly.com/question/570009

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Explanation:

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2 years ago
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Under the Driver Responsibility Program (DRP), a driver accumulates ___ points for every traffic conviction which does not resul
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2 points

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2 years ago
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Baker and others entered a Wal-Mart store shortly after 3:00 A.M. by cutting through the metal door with an acetylene torch. Som
hodyreva [135]

Answer:

There are enough intent and action to commit a crime.  By burglarizing the store and moving some goods to the rear door, Baker and his co-travellers have established specific intent to commit larceny.

Specific intent requires planning before the time and the predisposition to commit the act.  They have even establish general intent by actually entering the store and cutting through the metal door with an acetylene torch.

Explanation:

Larceny is robbery.  The intent to commit a crime by Baker and his co-travellers is established by their actions at the crime scene.  They cannot be exonerated because they have not yet taken the goods away from the store.  But, it can be established that the intent exists merely by their presence at the crime scene at such an hour of the morning.

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3 years ago
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Hey sorry we didn't answer your question sooner but here you go

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