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
Maksim231197 [3]
4 years ago
14

Wholesale insurance brokers (also called excess and surplus lines brokers) are intermediaries between:

Business
1 answer:
valina [46]4 years ago
6 0

Answer:

3. an insurance agent and an insurance company

Explanation:

Insurance simply means protection from financial loss.

Types of insurance are:

1. Property insurance

2. Life or personal insurance

3. Marine insurance

4. Fire insurance

5. Liability insurance

6. Social insurance

7. Guarantee insurance

Insurance Agents are people that work for insurance companies to reach out to new and existing customers to sell insurance. An insurance agent acts as an intermediary between an insured and the marketplace

An insured means a person or organization covered by insurance. They are like consumers.

Insurance company (insurer) is a business that provides coverage, in the form of compensation resulting from loss, damage or injury, treatment or hardship in exchange for premium payments.

Wholesale Broker is a type of insurance broker who acts as an intermediary between a retail broker (insurance agent ) and an insurer while having no contact with the insured

You might be interested in
A test plan consists of detailed procedures that specify ____.
Irina18 [472]
<span>I think this would complete the sentence.</span><span>
</span><span>A test plan consists of detailed procedures that specify <u>test equipments.</u>  </span><span>
</span><span> The test plan can lead to the identification of the needed test equipment to successfully implement the test plan. I hope this answered your question.</span>
8 0
3 years ago
Present value​ (with changing interest​ rates).
densk [106]

Answer:

present value = $12811.98

present value = $11428.17

present value = $9964.92

Explanation:

given data

injury settlement = ​$14,000

time = 3 year

opportunity cost = 3​%

opportunity cost = 7​%

opportunity cost = 12​%

solution

we will apply here Present value formula that is

present value = \frac{future\ value}{(1+r)^t} ..............................1

put here value of opportunity cost rate we get

present value = \frac{14000}{(1+0.03)^3}

present value = $12811.98

and

present value = \frac{14000}{(1+0.07)^3}

present value = $11428.17

and

present value = \frac{14000}{(1+0.12)^3}

present value = $9964.92

6 0
3 years ago
Ngata Corp. issued 18-year bonds 2 years ago at a coupon rate of 9.5 percent. The bonds make semiannual payments. If these bonds
kolbaska11 [484]

Answer:

8.91%

Explanation:

In this question We applied  the Rate formula which is presented  in the attachment below:

Data given in the question

PMT = 1,000 × 9.5% ÷ 2 = $47.50

NPER = 18 years - 2 years × 2 = 32 years

Present value = $1000 × 105% = $1,050

Assuming figure - Future value = $1,000  

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the yield to maturity is 8.91%

5 0
3 years ago
"Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pr
STALIN [3.7K]

Answer:

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

Explanation:

According to the shut down rule, at the profit-maximizing positive level of output, a business in a competitive market should continue to operate in the short-term if the price equals to or is greater than the average variable cost, but should shut down in the long term if the price is less than or equal to total cost. Here,

price = $8.10

avg variable cost = $8.00

avg total cost = $8.25

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

8 0
4 years ago
Read 2 more answers
You get a car loan for $16,000 at an annual interest rate of 7%, which requires 5 annual payments. Draw a loan amortization char
Law Incorporation [45]

Answer:

MS Excel File is attached for the loan amortization chart, which details the payment, interest and principal each year of the loan. Replicate the chart in Excel using monthly payments. Ever things is calculated using formulas and a check is also been applied which is highlighted in yellow fill.

Pleas find it.

Download xlsx
8 0
4 years ago
Other questions:
  • Please select the word from the list that best fits the definition
    8·2 answers
  • Sage Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In
    9·1 answer
  • To maintain a good attitude and high self-esteem, evaluate and follow up only after interviews that were positive experiences,
    15·1 answer
  • What is the process of making your goods and services available to buyers called?
    6·2 answers
  • The ethical contract between the government and the people is found in the
    11·1 answer
  • Valuetronics, an electronics company, is currently in the preproduction stage of launching one of its new stereo systems. In ord
    14·1 answer
  • A borrower is interested in comparing the monthly payments on two otherwise equivalent 30 year FRMs. Both loans are for $100,000
    11·1 answer
  • Which of the following is a standard term that describes the audience of retail
    9·1 answer
  • Learning Objective 15-C2: Explain job cost sheets and how they are used in job order costing. Skip to question In a job order co
    11·1 answer
  • Fenton Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies have
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!