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ratelena [41]
2 years ago
9

If a consumer refuses to provide required suitability information, what must the producer/insurer do

Business
1 answer:
V125BC [204]2 years ago
7 0

Obtain a customer signed statement acknowledging that an annuity transaction is not recommended if a customer decides to enter into an annuity transaction that is not based on the insurance producer's or insurer's recommendation.

<h3>Who is responsible for verifying your suitability?</h3>

The insurer or third party delegate authorized pursuant to section 224.

6(c) of Regulation 187 conducts a suitability review prior to the issuance of an insurance product or the effectuation of a sales transaction; and.

The insurer has procedures designed to prevent financial exploitation and abuse.

<h3>What factors are important considerations when determining suitability of an annuity sale?</h3>

Suitability Information Gathered by an Insurer

  • Age.
  • Annual income.
  • Financial situation and needs, including the financial resources you're using to fund the annuity.
  • Financial experience.
  • Financial goals and objectives.
  • Intended use of the annuity.
  • Financial time horizon.

Learn more about insurance here:

<h3>brainly.com/question/15171641</h3><h3 /><h3>#SPJ4</h3>
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Answer:

From the information given about the contract and its execution between the two parties involved( That is, Parc and Glaze), the option 2 is most likely.

2. Glaze will win because Glaze substantially performed and Parc prevented complete performance.

Explanation:

It is stated that Glaze was hired to remodel and furnish an office suite, after a submitted plans by Glaze were approved by Parc. It was further stated that the construction and painting had been done.

Although, with Glaze purchasing minor accessories which Parc rejected because they did not conform to the plans is a breach of contract, but that can be corrected by calling Glaze to order. However, it was Parc that refused to allow Glaze to make necessary corretion and complete the project and also refused to pay Glaze any part of the contract price.

5 0
3 years ago
The short run is defined as A. a period of time of five years or less. B. the period of time in which all factors of production
allochka39001 [22]

Answer:

C. the period of time in which at least one factor of production is fixed.

Explanation:

  • The short-run is a condition, were some controls and market are not in fair equilibrium, some factors like the variables and other that are foxed have limited entry or exit to the industry.  
  • In the macroeconomics a long run is a time when the general price, and contractual wage rates, along with the expectations are adjusted entirely to the states of the economy. and this contrast to the short-run where the variable is not fully fixed or adjusted.
  • <u>The short-run for a firm will increase the production of the marginal costs is less than the marginal revenue. The transition from the short to the long-run market equilibrium may be done on considering the supply and demands.</u>
4 0
4 years ago
Like other limited liability companies, for federal jurisdictional purposes, Rodeo Productions LLC is most likely a citizen of
Shtirlitz [24]

There are different kinds of company that exist.

This is most likely a citizen of every state of which its members are citizens.

  • Limited liability company is often set up as a form of legal protection for shareholders and owners that hinders people from being held personally responsible for their company's debts or financial losses.

In some business structures, such as corporations and limited companies, firms are registered as a seperate legal bodies. States were members are citizen connote that evey shareholders are from one locality.

Learn more about Limited liability from

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7 0
3 years ago
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vesna_86 [32]

Answer:

C) breaks even.

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Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Hence, if revenues are greater than total variable costs of production but less than total costs, a firm breaks even because the amount of money being generated is greater than the cost of running the business.

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