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Sholpan [36]
1 year ago
9

A provision stating that the insurer cannot dispute the validity of a policy after a specific period is called a(n) ______.

Business
1 answer:
Mazyrski [523]1 year ago
8 0

Incontestability clause - This tells us the insurance company may not contest the validity of the policy during the insured's lifetime for any reason, including fraud, if the policy has been in effect for a predetermined duration

What is incontestability clause?

An incontestability clause in a life insurance policy safeguards the policyholder and forbids the insurer from changing any aspect of the insurance coverage as a result of a misinterpretation or false statements made by the insured (the policyholder) after a certain amount of time. A life insurance policy's provider cannot revoke any statement after a specified period of time thanks to an incontestability provision. This provision is frequently regarded as offering policyholders the most robust defense.

Learn more about insurance here:

brainly.com/question/16267577

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Your company has developed and implemented countermeasures for the greatest risks to their assets. However, there is still some
Makovka662 [10]

your company has developed and implemented countermeasures for the greatest risks to their assets. however, there is still some risk left. The remaining risk is called residual risk

<h3>What is residual risk?</h3>

The residual risk is the risk left for an individual or organization to face after the main danger have been removed.

The effects is usually not as high as the main risk associated to the work.

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8 0
1 year ago
The economic burden of a tax:
Olenka [21]

Answer:

a

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3 0
3 years ago
Opening Case: The Trans Pacific Partnership QUESTION 1: Do you agree with the characterizations of the TPP as ""a terrible deal"
frosja888 [35]

ANSWER 1) No, I disagree with TPP's descriptions as a terrible and catastrophic deal. This is not a catastrophic thing, as some have said, because the TPP removes or lowers some 18 000 duties, taxes and non-tariff barriers, such as export limits among the 12 Member States. Catastrophic is thus not the right thing to say, because catastrophe means something that will have very bad effect, but it is not like this contract, and it can not be said as a catastrophic and devastating deal.

Pros of TPP deal in U.S

The TPP will abolish import tariffs of up to 40% for US agricultural goods and fruit and 35 percent in soybeans, all of which have a comparative advantage on the US in production. U.S. agriculture will benefit from this economic arrangement.

The tariff on imports of US machinery to TPP countries is to be eliminated as high as 59%.

Technological firms would benefit as import taxes on the export of ICT to some other TPP countries would be reduced to a point of 35%.

Cons of TPP in U.S

Industries like Ford protested that the compromise would phase out a 2.5% tariff on Japanese car imports into the United States, and a 25% tariff on light truck imports, although the arrangement would phase both tariffs over a period of 30 years. Companies like Ford opposed the proposal.

The labor unions opposed the deal by saying that further job losses in the U.S. production and lower wages would occur.

When suing foreign governments for anti-tobacco measures restricting the use of logos and brands by tobacco companies, they would be prevented from using tobacco products.

Big drug firms are also affected because they only have for five years, rather than the 12 years before, covered emerging biotechnology drugs from generic competition.

ANSWER 2) The discrepancies in the research focused on the effect of the TPP on the US economy can be seen through the data of the World Bank, the IIE and Tuft's University. Both the World Bank and IIE agreed, in 2030 the TPP would boost US incomes marginally more than it would have been without agreement by generating more foreign demand for American goods and services. The report IIE projected a USD 357 billion or 9% rise of the TPP's annual exports by 2030. In the IIE report, too, the gross loss of jobs in the United States has been estimated. While some industries saw job losses, IIE suggested they would otherwise be compensated by employment gains. The most pessimistic study by Tuft's University estimated that the deal in the United States would result in 450,000 job losses for 10 years.

In view of the lowering of the rate of tariffs, more competition will be made for goods in other countries; and as a result of that business, more workers will need to conduct these duties and studies carried out by the IIE and the World Bank indicate, as well, that annual exports will grow by $357 billion, and that will increase. I will therefore assume that the trade agreement would open up new opportunities for American workers.

7 0
3 years ago
According to Mintzberg's organizational structures, hospitals and universities are examples of a:​ a. simple structure. ​b. prof
Taya2010 [7]

Answer:

b. professional bureaucracy

Explanation:

Bureaucracy refers to a kind of organizational structure which is governed by a clearly defined authority and rigid rules and regulations alongside long chain of hierarchy and reporting, which makes decision making a time consuming affair.

As per Mintzberg, professional bureaucracy is characterized by standardization of skills coupled with vertical and horizontal decentralization of responsibilities.

Such form of organizational structure allows for greater degree of autonomy and control to the professionals w.r.t their work. Such a bureaucracy recognizes the authority of professional expertise instead of the authority of hierarchy.

Such form of organizational structure is usually followed by schools, hospitals and universities wherein, the professional expertise of doctors and teachers define the authority instead of a pre existing chain of hierarchy that dictates what one is permitted to do.

5 0
3 years ago
There are a number of specific steps in the appraisal process. What is the final step?
ra1l [238]

Answer:

To Prepare an appraisal report

Explanation:

The steps which are involved  in the appraisal process are:

1. Stating the purpose.

2. Listing the data needed and its source

3. Gathering, recording and verifying the data.

4. Gathering, recording and verifying the specific data.

5. Gathering, recording and verifying the data for each approach.

6. Analyzing and interpreting the data.

7. Reconciling the data for the final estimation.

8. Prepare an appraisal report.

8 0
3 years ago
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