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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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Can you wear weave with a Jheri curl ?
ICE Princess25 [194]

Answer:

yes

Explanation:

yes sure you can weave with jheri curl

6 0
3 years ago
Read 2 more answers
Michael company issued 8% bonds with a par value of 1,000,000 receiving 20,000 premium on the interest date 5 years later, after
sattari [20]

Answer:

option D - $22,000 gain

Explanation:

the gain can be calculated by using the following relation

Face Value + Unamortized Premium - Purchase Price = gain

where,

Face Value - $1,000,000

 Unamortized Premium - 60% x $20,000

Purchase Price - 99% x $1,000,000

putting all value to get gain or loss on the retirement

= $1,000,000 + (60% x $20,000) - (99% x $1,000,000)

=  $22,000 gain

6 0
3 years ago
Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond
IrinaVladis [17]

Answer:

The journal entry is as follows:

On September 30,

Bonds payable A/c Dr. $1,000,000

Loss on bonds retirement A/c Dr. $20,000

              To Discount on bond                        $10,000

              To cash A/c                                       $1,010,000

(To record the bonds payable and retirement)

Workings:

Loss on bonds retirement:

= (Cash + Discount on bonds) - Par value of callable bonds

= ($1,010,000 + $10,000) - $1,000,000

= $1,020,000 - $1,000,000

= $20,000

8 0
3 years ago
To determine whether their employees are doing their jobs efficiently and effectively, managers use:_______
statuscvo [17]

In order to find out if employees are doing their job as they should in an efficient and effective manner, managers use performance management.

<h3>What is performance management?</h3>

This refers to anything that employers do in order to find out how employees are doing as regards helping the company to meet its organizational goals.

These methods go beyond trying to find out how employees are doing as regards work, but also tries to suggest ways that the employees can get better at what they do.

In order to do this, the employees need to be monitored and the process they use to go about their jobs need to be studied. They are then juxtaposed with industry best practicies to make them better.

Performance management is therefore hugely important in companies as it ensures that they meet organization objectives.

In conclusion, this is performance management,

Find out more on performance management at brainly.com/question/24673911

#SPJ1

7 0
2 years ago
"The minimum acceptable price for a product that producer Sam is willing to receive is $15. The price he could get for the produ
mars1129 [50]

Answer:

Sam's producer surplus is $3

Explanation:

A producer surplus is the difference between the amount a producer is willing to sell a product for and the price of the product in the market that consumers are willing to pay if the consumer price is higher.

Mathematically, it is represented as; market price - willing price

= 18 - 15 = $3.

7 0
3 years ago
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