An insured and his wife are both involved in a head-on collision. The husband dies instantly, and the wife dies 15 days later. The company pays the death benefit to the estate of the insured. This indicates that the life insurance policy had they were in the room alone
This is further explained below.
<h3>What is an insurance policy?</h3>
Both the insured person and his wife are engaged in an accident that occurs head-on. The husband passes away in an instant, and the wife follows him in passing 15 days later. The death benefit is paid out by the firm to the estate of the covered person. This suggests that the life insurance coverage would not have paid out if they were alone in the room.
In conclusion, A legal relationship exists between an insurance firm, often known as the insurer, and the person(s), business, or entity that is being covered under the terms of an insurance policy (the insured). Reading your policy gives you the ability to check that it satisfies your requirements and ensures that you comprehend both your duties and those of the insurance business in the event of a loss.
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Answer: Total Economic Surplus
Explanation:
Diagram is shown in the attached document.
The right answer for the question that is being asked and shown above is that: "phase model of globalization." Historically, most companies have used the <span>phase model of globalization </span>to successfully enter foreign markets.
YES, The primary focus of financial accounting information is to provide useful information for users to make investing decisions credit decisions
- The financial Accounting provides useful data for external users to make both funding and credit score decisions.
because the financial accounting keeps the tune of all the transactions and economic activities of the commercial enterprise, it allows the users to analyse the health of the corporation to take critical selections.
- Traders use such facts to examine the monetary health of the commercial enterprise and such facts to evaluate with different corporations to make funding choices.
creditors use economic statistics to examine the solvency and creditworthiness and determine whether or not to lend or no longer.
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