1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
victus00 [196]
2 years ago
5

Under the payment of claims provision, when are benefits typically payable after proof of loss is received?

Business
1 answer:
Anika [276]2 years ago
7 0

All claims other than those for periodic installments should be paid immediately after the insurer has received proof of loss.

A time of payment of claims provision states the wide variety of days that the insurance company has to pay or deny a submitted declaration. This provision is included to minimize the amount of time that a policyholder has to anticipate his/her payment or for a selection approximately his/her declare.

Claim provision means an amount payable to you under the policy to compensate you for the credit losses you have sustained from unpaid insured receivables.

A claim provision is a clause in an insurance contract that sets forth the process to be followed within the submission and management of claims. In the case of a reinsurance agreement, it states the phrases and conditions under which the reinsurer's legal responsibility for claims will arise.

Learn more about insurance here: brainly.com/question/25855858

#SPJ4

You might be interested in
Rice company has a unit selling price of $520, variable costs per unit of $286, and fixed costs of $163,800. compute the break-e
larisa [96]
Selling price = p = 520
variable cost per unit = vc = 286
fixed cost = fc = 163,800.
unit sold = x

520 * x = 286 * x + 163,800
520x = 286x + 163,8000
520x - 286x = 163,800
234x = 163,800

x = 163,800 / 234 = 700 units to reach break even point.
unit contribution margin = p - vc = 520 - 286 = 234 per unit.

5 0
3 years ago
The number of defects after a hotel room cleaning (sheets not straight, smears on a mirror, missed debris on the carpet, etc) sh
boyakko [2]

Answer:

The correct answer is d. c-chart.

Explanation:

C-charts are used to control the number of defects in a sample of the product or inspection unit. Then, to control this process, an inspector is placed at the end of the production line and every hour removes an inspection unit (in this case a cell phone), verifies and records the total number of defects.

6 0
3 years ago
Dan has been directed to study the actors close to a company that affect its ability to serve its customers, such as the company
BlackZzzverrR [31]

Answer:

<u>B) microenvironment</u>

Explanation:

  • All these factors like the clients, customers, suppliers, marketing intermediate notes, customer markets, and competitors and the public, in general, all come under the microenvironment of the company which surrounds it.
  • The macro-environment is composed of all the external political, social, technological, economical, and demographical ones.
6 0
3 years ago
Read 2 more answers
In your company's management development program, there was a heated discussion between
GREYUIT [131]

Answer:

The most sensible position is to understand that theory, while not practical in itself, can be immensely helpful when dealing with pratical matters.

This is because theory gives you a sound conceptual foundation that can be used to analyze the practical context, and approach it with the best possible practical solutions.

Without theory, managers have to rely too much on intuition, which can often fail.

3 0
3 years ago
All of the following are the names of the three major credit bureaus EXCEPT
Phantasy [73]
D. Chex systems
The first 3 are the major ones. 
6 0
3 years ago
Read 2 more answers
Other questions:
  • Who wants to be brainily? whoever comments first gets to be brainily 100 Point?...
    6·2 answers
  • Suppose you own a successful bicycle repair business. why would you consider incorporating?
    13·1 answer
  • What are the benifits of electric kitchens
    6·1 answer
  • Once stimuli are in the brain, they are processed by what?
    5·1 answer
  • After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of direct
    9·1 answer
  • Megatrends stock will generate earnings of $2 per share this year. The discount rate for the stock is 10%, and the rate of retur
    12·1 answer
  • I NEED HELP NOW PLEASE CAN SOME BODY HELO BY 9:20 OTHER WISE YOU WILL NOT GET THE BRAINLY CROWN
    9·1 answer
  • Memphis Company anticipates total sales for April, May, and June of $970,000, $1,070,000, and $1,120,000 respectively. Cash sale
    9·1 answer
  • You expect Technomess Company common stock to pay a dividend of $2.40 one year from now. You can buy the stock now for $52, and
    8·1 answer
  • The following units of a particular item were available for sale during the year:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!