Answer:
each policy will pay $25,000 of the loss
Explanation:
Based on the scenario being described within the question it can be said that the each policy will pay $25,000 of the loss. This is an equal share for each policy and is due to them having the pro rata liability clause. This clause states that a policy is only liable for an equal percentage of the loss if the insurer has other policies from other companies. As in this case.
Answer:
Total pay is : $909.44
Explanation:
$15. 68/2 = 7.84 times 8 = 627.20
15.68 times 2 = 31.36 times 7 = 219.52
$627.20 +$ 62.72 + $219.52 = $ 909.44
The annual interest rate is 11.803%.
Assumptions:
- Interest is compounded annually.
Answer:
From my view, the BEST example of indirect denial is E.
Explanation:
In the indirect denial method, We first directly agree with the customer's view point and then give a reason why that customer's view is not 100% accurate.
In E, we can clearly see this, you first say Yes by saying "that's true". and then gives a fair reason why your deal is still the best.
In the Option B, which seems an ok answer too, we don't directly agree with the customer's statement first.
Because of this, Option E is the most applicable answer.
