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stellarik [79]
3 years ago
12

Delta Insurers typically affirms or denies claims within 120 days after it receives proof of loss statements. Which statement is

correct?
Business
1 answer:
laiz [17]3 years ago
8 0

Answer:

Statement A

Explanation:

The 2 statements are:

A: The firm Delta Insurers typically affirms claims within 120 days after it receives proof of loss statements

B: The firm Delta Insurers typically denies claims within 120 days after it receives proof of loss statements

The explanation for this is:

- The company is an insurance company

- An insurance company holds funds for their customers; to be released when the customer is less privileged or in a bad situation, depending on the type of insurance made

- There is car insurance, house insurance, life assurance, etcetera.

- So if the insurance company receives proof of loss statements from the customer, it will release funds to solve the customer's dire need

- In this case, it takes 120 days to verify, process and then agree (affirm) to release funds (claims) to the affected customer.

So the answer is Statement A.

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Answer:

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Explanation:

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Therefore, The amount of Compensation expense to Year 1 is $153,333.

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