Answer:A. government regulators and taxpayers.
Explanation: Insurance premium is the amount of money initially paid by an organisation which can be a profit making Organisation or non profit making Organisation or an individual before the start of an insurance policy.
An actuarially fair level is the compensation level that is commensurate with the premium of the policy holder.
IF THE INSURANCE PREMIUM IS TO BE SET BELOW THE ACTUARIALLY FAIR LEVEL THE GOVERNMENT AND TAX PAYERS WILL BE EXPECTED TO PAY THE FOR THE DIFFERENCE.
Answer:
Interest will be $855 x 10 years= $8,550
Explanation:
Interest
6÷100=0.06
0.06x14,250=$855
$855x10=$8,550.
How much to have paid back
At the end of 10years $8,550 would have been paid as interest
Total sum will be $14,250+$8,550=$22,800 to be paid back.
Answer:
The answer is c:
Enforceable via employee agent
Explanation:
The definition of agency law deals with agent-principal relationships; that is a relationship where one party has the legal authority to act in place of another. Relationships that are commonly associated with agency law include employer-employee, administrator-decedent or executor, and guardian-ward.
Agreements that result in the formation of agency-type relationships can be implied or express, and both the principal and the agent can be an entity (such as partnership or corporation) or individual.
Here in the given situation, since, Elaine is an employee of the business and knowledgeable enough to deal with the contract filing, it is implied that she is acting as an employee agent, that she can help the customer in filing the contract.
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