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3 years ago

The premium of a health insurance plan refers to the

Business

2 answers:

daser333 [38]3 years ago

5 0

Total Cost of <span>Insurance Coverage

</span>

pishuonlain [190]3 years ago

3 0

Answer:

Total Cost of Insurance Coverage

Explanation:

Health insurance (also called medical insurance or medical expense insurance) is a contract between you and an insurance company.

In exchange for you making the premium payments, the health insurance company agrees to pay the medical expenses that you may incur under the terms of the contract.

Health insurance is essential in these times, since a simple accident or serious illness could end your savings and sink you into debt.

There are many reasons to purchase medical insurance for you and your family, but this is the most important, because medical expenses can reach tens of thousands of dollars or more for a simple injury or illness.

In addition, hospitalization and injury treatment costs continue to grow at a rate that exceeds inflation.

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An insurance policy sells for $1200. Based on past data, an average of 1 in 100 policyholders will file a $10 comma 000 clai

Tanzania [10]

Answer:

Expected Value = $740

Expected profit = $22.2m

Explanation:

We can easily calculate the expected value and expected profit/loss in this situation by some minor working

Expected values = Expected Claim - per policy cost

Expected profit/loss = (Expected claim - per policy cost) x number of policies

As you can see per policy cost and no of policies are given in the question data we just need to find expected claim for calculation of expected profit or loss and expected value

Expected Claim = (1/100x$10,000)+(1/250x$40,000)+(1/400x$80,000)

Expected Claim = 100 + 160 + 200

Expected Claim = 460

Now we have a value of expected claim lets put it into Expected profit/loss formula and expected value formula

Expected value = 460-1200

Expected value = -740

-$740 is the value per policy

Expected profit/loss = (460 - $1200 per policy) x 30,000

Expected profit or loss = -22,200,000

Expected loss to the customer = -$22.2 m

Expected profit for the company = $22.2m

3 0

3 years ago

A few years ago, Toyota found that consumers wanted cars to last longer and be more environmentally friendly. GM, however, enjoy

Allushta [10]

Answer:

General Motors had more of a Production Orientation

Explanation:

The company which is production oriented focuses on the production and company's production processes and runs campaigns to sell the product produced or the product they are producing. General motors produced the products which it is good in producing the products and won the market against great giants like Ford, Toyota and German auto companies. Whereas Toyota was developing market which is newly born and started pricing their products on the basis of products that were desired (environmentally friendly products) and lost the market because of lost of market share as this market was in introduction phase and Toyota left a market which was at maturity. Then it is obvious that Toyota has revenue losses due to leaving its concentration and marketing of products to mature market and was busy in developing environmentally free products market in US.

7 0

3 years ago

What is an important part of taking meeting minutes?

Makovka662 [10]

An important part of taking meeting minutes is C. PAYING CLOSE AND CAREFUL ATTENTION.

A meeting minutes can be described as a log of chronological event within the meeting. It is a log wherein everything that happened during the meeting is noted. Like who led the meeting, the topics discussed, the questions raised and the answers given. It also records the plans for future discussions and resolutions reached during the meeting.

3 0

3 years ago

The revenue cycle is a major cycle for most companies. Accounts receivable, revenue, and other accounts are tested through this

Eduardwww [97]

Answer and Explanation:

1. The misstatement would depend on when there is inappropriate revenue recorded

2. For avoiding the revenue misstatement, the client should have to cut off the policies

3. The revenues are earned at the time when the company achieved or accomplished for fulfiling its obligation

4. The side agreements could modify the terms of sales

5. For recording the revenue, the collectibility needs to be confirmed

6 0

2 years ago

You are considering purchasing a put option on a stock with a current price of $26. The exercise price is $28, and the price of

Goshia [24]

Answer: $4.24

Explanation:

According to the Put-Call Parity, the value would be expressed by;

Put Price = Call price - Stock price + Exercise price *e^-(risk free rate *T)

T is 90 days out of 365 so = 90/365

= 2.65 - 26 + 28 * 2.71 ^ (-0.06 * 90/365)

= $4.24

4 0

3 years ago

Read 2 more answers