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FromTheMoon [43]
2 years ago
11

Which rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insura

nce?
Business
1 answer:
ELEN [110]2 years ago
5 0

Replacement rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insurance.

Insurance refers to a type of risk management in which the insurer provides the insured with protection from risks of all kinds - financial, health, accidental, etc.

The insured is also called the policyholder, and he makes a payment called premium to be insured. If the specified event for which the insurance cover is provided takes place, the insurer is bound to compensate the insured financially.

A replacement rule delineates the process in which the premium payments on existing policy is discontinued or forfeited, and a new policy is purchased.

To learn more about the replacement rule: brainly.com/question/27922977

#SPJ4

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A manufacturer tests, modifies, and retests an original idea several times before offering it to the consumer. This process is c
taurus [48]

Answer:

Product development

Explanation:

A manufacturer tests, modifies, and retests an original idea several times before offering it to the consumer. This process is called product development.

A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.

Generally, there are four (4) stages in the product-life cycle;

1. Introduction.

2. Growth.

3. Maturity.

4. Decline.

7 0
3 years ago
On the statement of cash flows, the investing activities section would include a.cash paid for retirement of bonds payable b.cas
____ [38]
C I think is the right answer
7 0
3 years ago
Once a customer has committed to a partnership, less work is needed to maintain the relationship.
alex41 [277]
The answer to the given statement above is false, it is because even if a person has entered a partnership, it does not mean less work and effort should be done to maintain the relationship because having no effort in maintaining this relationship could only cause the bond to diminish and destroy. It is best to have an equal amount of work done in order to maintain a relationship with the partner.
4 0
3 years ago
Senior management at jmj manufacturing accept that there are differences and similarities between host country and home country
Bumek [7]

This reflects​ geocentric attitude.

The World Trade Organization (WTO) is the only global international organization addressing manufacturing the principles of trade between nations. The North American trade Agreement (NAFTA) was implemented to market trade between the U.S., Canada, and Mexico.

A company's employees, managers and board of directors compose a business's internal stakeholders. Employees of the manufacturing corporation are invested within the company's performance to make sure they still be paid and retain their jobs.

The Agreement Establishing the WTO recognizes the necessity for positive efforts to make sure that developing countries, and particularly those who are least-developed, share within the growth of international trade.

They make it easier for nations to try and do business. They increase product choices for consumers. They prevent two nations from exchanging manufacturing  goods. Better risk management. One among the many advantages of international trade is market diversification.

learn more about manufacturing: brainly.com/question/19584679

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7 0
1 year ago
An attendant at a car wash is paid according to the number of cars that pass through. Suppose the probabilities are 1/12, 1/12,
Paladinen [302]

Answer: The attendant’s expected earn- ings for the period between 4:00 P.M and 5:00 P.M is <u>$12,67.</u>

Explanation: <u>The discrete random variable X</u> represent attendant’s earnings.

The expected value of the discrete random variable X is

<h2>= E (x) = ∑× f(x)</h2><h2>= 7 × 1/12 + 9 × 1/12 + 11 × 1/4 + 13 × 1/4 + 15 × 1/6 + 17 × 1/6 = <u>12,67.</u></h2><h2><u /></h2>
5 0
3 years ago
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