1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fofino [41]
3 years ago
15

If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without b

eing penalized?
Business
1 answer:
kakasveta [241]3 years ago
4 0

Answer:

30 days after receiving notice of the changes

Explanation:

If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without being penalized?

An insurer is defined as- a person or company that underwrites an insurance risk; the party in an insurance contract agrees to pay compensation. Generally, the term insurer is synonymous  with the term insurance provider or insurance company.

A policyholder is a person who buys an insurance policy. The policyholder is protected by the details in the insurance policy. He or she can add more persons to the policy depending on the type.

In most cases, a policyholder is allowed to cancel the policy within 30 days without been penalized for a short rate cancellation fee.

You might be interested in
7) You put 20% down on a home with a purchase price of $250,000. The down payment is thus $50,000, leaving a balance owed of $20
Alexxandr [17]

Answer:

=$11,439.96(Approx)

Explanation:

Consider the following calculations

Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate

200,000=Annuity[1-(1.0391)^-30]/0.0391

200,000=Annuity*17.48257135

Annuity=200,000/17.48257135

=$11,439.96(Approx)

4 0
3 years ago
Describe Reid Hoffman the founder and creator Linkedln?
CaHeK987 [17]

Answer:

Reid Garrett Hoffman is an American internet businessman, tech entrepreneur, writer. Hoffman became co-founder and president of LinkedIn, an enterprise-oriented social media network mainly utilized for business networking. In 2016, Hoffman transferred LinkedIn for $26.2 billion in cash to Microsoft, then entered the board for Microsoft.

5 0
3 years ago
When people have insurance against a certain event, the notion that those people are less likely to guard against that event occ
sp2606 [1]

Answer: When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a <u>moral hazard.</u>

Explanation: Moral hazard happens frequently in cases of insurance. If a person has a house, they can decide to install a vault because it reduces the risk of being robbed;

However, when the same person has arranged an insurance that covers the risk of theft of the house, they will have fewer incentives than in the previous situation, to install the security door and ultimately it will be able to increase the probability of the loss in this Theft case. This behavior, for example, before insurance coverage is called moral hazard.

4 0
3 years ago
g Declaring bankruptcy by the bond issuing firm ______ . a. has no impact on value of its bonds b. increases the value of its bo
Scilla [17]

Answer:

c. decreases the value of its bonds

Explanation:

There is a significant decrease in the value of the bond if the firm declares bankruptcy.

4 0
3 years ago
Cleo is afraid of being viewed as weak, so she uses only her head when managing her team of employees. Which leadership task is
Dmitry_Shevchenko [17]

Answer:

The correct answer is letter "D": Developing employees' skills .

Explanation:

Some of the different managers' tasks include <em>setting and communicating the vision, inspiring, encouraging, and supporting the team, </em>and <em>motivating employees' towards their development</em>. All of those challenges imply interacting directly with subordinates. It is impossible to achieve the firms' goals while helping employees to achieve theirs without communication.

Thus, <em>Cleo is failing at believing by nodding her head she will be seen as a stronger manager. Stronger managers are those whose actions maximize the entity's profits, by maximizing workers' efficiency which implies developing their skills.</em>

4 0
3 years ago
Other questions:
  • what is a process of interaction and integration among people, businesses, and governments of different cultures?
    13·1 answer
  • True or false Personal action plans should not be flexible and cannot be modified.
    9·2 answers
  • Dybala Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sel
    11·1 answer
  • Which is not a type of decision that can be made at the margin? whether or not to hire 100 new workerswhether or not to go on a
    5·2 answers
  • LP Gas has a cost of equity of 16.31 percent and a pretax cost of debt of 7.8 percent. The debt-equity ratio is .56 and the tax
    8·1 answer
  • Violet purchased a tract of land for $100,000. She quit her $30,000-a-year job as a postal employee and opened a skeet shooting
    7·1 answer
  • The export business in China is growing. Uncle George, who has just returned from a trade expo in Shanghai, has informed you tha
    11·1 answer
  • Accountability within an organization allows managers to operate independently from the rest of the organization. flows downward
    11·1 answer
  • A foreign branch bank operates like a local bank, but legally Group of answer choices a branch bank is subject to only the banki
    9·1 answer
  • a) A person has 5 trousers, 7 shirts, 6 ties, and 3 pairs of shoes. In how many possible distinct ways can the person dress
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!