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pochemuha
3 years ago
8

W gave w's age as 50 when w purchased a life policy. at the time of w's death seven years later, the company discovered w's true

age at issue had been 59. what would the normal procedure be under the misstatement of age provision in regard to the payment of the death claim?
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
6 0
W understated his age at the time he wanted to purchase the insurance policy; he was 52 then but he stated his age as 50. The normal procedure under the misstatement of age provision in regard to the payment of the death claim is that THE AMOUNT THAT WILL BE PAID TO W'S BENEFICIARIES WILL BE EQUIVALENT TO THE AMOUNT THAT THE PREMIUM WOULD HAVE BOUGHT IF THE CORRECT AGE HAD BEEN STATED. 
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3 years ago
What amount would the insurance company pay for vandalism that does $425 of damage to a home if the insured homeowner has a $500
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When you report a car accident to the insurance company, the insurance company will send an adjuster to assess the damage. The expert's first task is to decide whether to classify the vehicle as a total loss. Assuming the vehicle is a total loss, the expert performs a valuation and assigns a value to the vehicle.

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2 years ago
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The proactive prevention technique enhancements occur when the marketing or public relations department suggests that something relatively small is a bigger deal.

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I Dont know hehehehe
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