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3 years ago

10

At an auction, Ben bids on a 1957 Chevy coupe, believing that it is worth more than the price asked. When the car proves to need

more repairs than Ben estimated, and thus is worth less as is, Ben is:

1 answer:

Rainbow [258]3 years ago

4 0

Answer: still liable on the bid

Explanation:

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If a consumer refuses to provide required suitability information, what must the producer/insurer do

V125BC [204]

Obtain a customer signed statement acknowledging that an annuity transaction is not recommended if a customer decides to enter into an annuity transaction that is not based on the insurance producer's or insurer's recommendation.

<h3>Who is responsible for verifying your suitability?</h3>

The insurer or third party delegate authorized pursuant to section 224.

6(c) of Regulation 187 conducts a suitability review prior to the issuance of an insurance product or the effectuation of a sales transaction; and.

The insurer has procedures designed to prevent financial exploitation and abuse.

<h3>What factors are important considerations when determining suitability of an annuity sale?</h3>

Suitability Information Gathered by an Insurer

Age.
Annual income.
Financial situation and needs, including the financial resources you're using to fund the annuity.
Financial experience.
Financial goals and objectives.
Intended use of the annuity.
Financial time horizon.

Learn more about insurance here:

<h3>brainly.com/question/15171641</h3><h3 /><h3>#SPJ4</h3>

7 0

2 years ago

Neon Light Company of Kansas City ships lamps and lighting appliances throughout the country. Ms. Neon has determined that throu

Brilliant_brown [7]

Answer:

a. The amount of dollars will the cash management system free up is $10,220,000

b. The income will be of $1,022,000

Explanation:

a. According to the given data in order to calculate the amount of dollars will the cash management system free up we would have to make the following calculation:

Freed-up fund = $3,200,000 * 3 + $1,240,000 * 1/2

Freed-up fund = $10,220,000

The amount of dollars will the cash management system free up is $10,220,000

b. To calculate the income If Neon Light Company can earn 10 percent per annum on freed-up funds we would have to make the following calculation:

Interest on freed-up cash = $10,220,000 * 10%

Interest on freed-up cash=$1,022,000

The income will be of $1,022,000

7 0

3 years ago

Which of the following statements is correct? ACars typically lose the most value in the first year after purchase. BHouses will

VashaNatasha [74]

I believe the answer is: A. Cars typically lose the most value in the first year after purchase

As the miles usage in cars increase, the quality of the machine tend to deteriorate, which would lead to the decrease in the cars' value. On top of that, the new model that given by car companies tend to possess better technology/design. On average, cars tend to lose 15 - 25 % in value during the first year.

7 0

3 years ago

Read 2 more answers

Complete the statements on how to do a career search by correctly filling in the missing information

Triss [41]

Answer:

The correct answers would be Skills and Employment outlook respectively.

Explanation:

When you are about to choose a career that will be best suited to you, It would be best to find out your skills that would be required to perform the job effectively. A person must be aware of his skills and talents and then he has to search for the career accordingly, because this will determine whether the career is a good match with your skills or not. After this assessment, you should also look into the market trends for the job opportunities of the career that you are thinking to pursue. This will help you focus more on the career development and save your time to search for the job after completing the academic career in the non relevant field.

3 0

3 years ago

Read 2 more answers

Operations management personnel perform a variety of functions, including all of the following except ___________________. A. an

CaHeK987 [17]

Answer:

The correct answer is letter "A": analyzing potential mergers.

Explanation:

Operations managers are those in charge of planning, studying, and analyzing all the steps regarding the processes of production of a company. They supervise if the companies have enough raw materials for manufacturing, organize the labor responsible for the production, and evaluate any problem born because of the operational activities of the business.

<em>Analyzing potential mergers is an event likely to be evaluated by the Chief Executive Officer (CEO) of a firm along with the Board of Directors</em>.

6 0

3 years ago