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OlgaM077 [116]
2 years ago
11

Statements made by an insured on an accident and health insurance application are considered to be?

Business
1 answer:
amm18122 years ago
5 0

Statements made by an insured on an accident and health insurance application are considered to be representations.

Insurance is a form of risk management, and provides protection from risks arising due to financial losses, health issues, accidents, and other unpredictable events.

An entity provides this insurance service, and is called the insurer. The person who buys this insurance policy is called the insured or policyholder. The payment made by the policyholder is the premium. If the specified loss occurs, the insurer will compensate the policyholder with a given amount of financial payment.

The statements that the policyholder on accident and health insurance applications are called representation. If false information is provided, the insurer can legally void the contract.

To learn more about representations in insurance: brainly.com/question/15260186

#SPJ4

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The primary responsibility of the board of directors is to __________. Select one: A. oversee the affairs of the organization B.
Paladinen [302]

The primary responsibility of the board of directors is to (D) make daily operational decisions.(The main responsibility of a Board of Director is to make day-to-day management decisions. )

Explanation:

The main responsibility of a Board of Director is to make day-to-day management decisions. The primary purpose of the board of directors is to safeguard the shareholders interest by maintaining detached, impartial oversight on management.

Some of the duties of Board Members are:

  • To develop  the Organization's Mission and Purpose.
  • Another important duty is to Monitor and Manage Financial Resources.
  • To Recruit New Board Members.
  • To Spread positive word of mouth about t the Organization.

So we can Say that The primary responsibility of the board of directors is to (D) make daily operational decisions

4 0
3 years ago
XYZ Corp. has issued $30 million of debentures. Each bond issued has a warrant attached enabling the holder to buy three shares
Anna71 [15]

Answer: D) $2.7 million

Explanation:

Debentures are sold per $1,000 which means that out of $30 million there are;

= 30,000,000/ 1,000

=30,000 bonds.

Each bond is entitled to 3 shares;

= 30,000 * 3

= 90,000 shares.

Price of $30

= 90,000 * 30

= $2,700,000

5 0
3 years ago
Lillian Stintson works for a global women's rights organization. In the past few months, she has traveled across the globe for t
salantis [7]

Answer:

The correct answer is (d) high perceived organizational support.

Explanation:

High perceived organizational support can be defined as an employees' perception of the degree to which the organization or firm they work for values their input and cares for their overall well being.

Stinson has displayed a high level of organizational commitment, illustrated by her willingness to work on multiple geographical locations and over the weekend. Additionally, she exhibits characteristics of high job involvement which refers to an employee's ability to identify herself/himself with her/his job and derive satisfaction from her/his job, this can easily be seen through  Stinson's enthusiastic and unquestionable work ethics.

Therefore,Stinson's assumes that since she has put in so much effort by working across the globe and over the weekends, the organization would be inclined to acknowledge her need for a rest. She anticipates this decision on the basis that the organizations genuinely care about her welfare. We can also safely conclude that she has little if any interest in whistle-blowing since she believes the organization has her best interest at heart.

3 0
4 years ago
Suppose there is a policy debate over whether the United States should impose trade restrictions on imported ball bearings:
Margarita [4]

Answer:

D. National security argument.

Explanation:

Looking at the options, the correct one is National security argument. This is because the congress woman is arguing that ball bearing industry is important in making weapons which is in turn very important to national security. She argues that imposing trade restrictions on free trade, it will make the United States begin to produce their own weapons which will be helpful in time of war when they need a lot of weapons.. Thus, her justification in her argument is primarily for National Security!

6 0
3 years ago
The lowest point on a purely competitive firm's short-run supply curve corresponds to___________.
emmainna [20.7K]

Answer:

the minimum point on the AVC curve

Explanation:

The average variable cost denoted as AVC represent all the variable costs as electricty, water, gas, etc. divided by the output produced.

AVC=\frac{VC}{Q}

Where VC is the variable cost and Q represent the output produced.

In the short-run, a firm can "increase profits if the marginal revenue obtained from selling a product if exceeds the marginal cost of making that product".

And the lowest point on a competitive firm short run needs to correspond to the minimum point on the AVC curve since we assume that we are in a competitive firm's scenario, all the prices and variable costs needs to be as lowest possible in order to be competitive.  

5 0
3 years ago
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