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3 years ago

An agent has recently changed his email address. What must the agent do to comply with the regulation for change of address?

Business

1 answer:

Svetach [21]3 years ago

6 0

Answer:

Inform the department of Insurance within 30 days

Explanation:

Department of Insurance must be notified within 30 days of any change of address, residence, business or email . According to the Michigan Insurance Code, requires any agent, agency, solicitor, counselor, or adjuster to notify the director of any change in his or her mailing and electronic mail address within 30 days after the change.

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In a proceeds transaction: I. a customer directs that a position be sold; and the funds generated from the sale be used to buy a

Serggg [28]

Answer:

I and IV

Explanation:

A proceed transaction is a type of transaction in securities where a broker uses the proceeds of the sales of a security to buy another security , still constituting a transaction. (option 1)

A proceed transaction is subjected to a combined mark - up or commission , where the mark up earned on the disposed security is added to the mark up earned on the new security bought in replacement , which must be reasonable and fair. (option iv)

6 0

3 years ago

The Lodge borrowed $2,000,000 for five years at an annual interest rate of 9% from the Merchant Bank, which required a $100,000

AleksandrR [38]

Answer:

option (b) 9.5%

Explanation:

Data provided in the question:

Loan Amount = $2,000,000

Annual interest rate = 9%

Required compensating balance = $100,000

Now,

Effective interest rate(EIR)

= (loan × Annual interest on loan) ÷ (Loan - Required compensating balance)

= ($2,000,000 × 9% ) ÷ ( $2,000,000 - $100,000 )

= ($2,000,000 × 0.09 ) ÷ ( $1,900,000 )

= 0.0947 ≈ 0.095

= 0.095 × 100%

= 9.5%

Hence,

the answer is option (b) 9.5%

4 0

3 years ago

Why the finance department is so important to a business?

Genrish500 [490]

The finance department keeps track of all accounts and deposits and is responsible for keeping the company from going bankrupt

7 0

3 years ago

Read 2 more answers

What was your annual net income for your most recently filed tax year?

Bond [772]

Explanation:

Incomplete question. However, i infer you want to know what the annual net income implies.

Thus, itis important you know that the annual net income is calculated after taxes are deducted from the total salary one earns in a year's. So to determine the value, you need to know the total taxes for the year.

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3 years ago

During the gap analysis, the entrepreneur should be concerned with the hours of operation, the time you can dedicate to this new

Akimi4 [234]

The statement above about gap analysis is: True.

<h3>What is Gap Analysis?</h3>

Gap Analysis is a measurement that an entrepreneur makes when he compares his present performance with that which he desires to achieve.

He evaluates the time money and resources spent on projects to know if they are fully optimized.

So, the statement above is right.

Learn more about gap analysis here:

brainly.com/question/10549036

8 0

2 years ago