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777dan777 [17]
3 years ago
9

What type of consideration does the proposed insured offer to an insurance company?

Business
1 answer:
tigry1 [53]3 years ago
7 0

Answer:

the payment of the insurance premiums

Explanation:

Consideration in contract law refers to an exchange of something of value, e.g. I pay $5 in exchange for a hamburger.

In insurance contracts, consideration provided by the insured refers to paying the insurance premium. Consideration provided by the insurance company is the promise to pay in case of a covered loss.

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A) the reciprocity norm.
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3 years ago
What is the time frame for reporting an accident to the michigan department of natural resources if property damage exceeds $2,0
serg [7]
The answer to the question above is "5 days" which is the time frame for reporting an accident to the Michigan Department of Natural Resources if property damage exceeds $2,000. This rule is according to the Boat Accident Reporting Requirements in Michigan. A "5 days" time frame for reporting also is done<span> for an accident that includes a missing person.</span>
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3 years ago
Alex is injured and rushed to Care Hospitals for treatment. He spent 69 minutes at the hospital out of which he filled a form fo
ollegr [7]

Answer:

23.19%

Explanation:

Data given in the question

Spending minutes in the hospital = 69

Queue time = 20 minutes

Form filling time = 21 minutes

Doctor treatment time = 16 minutes

Payment time = 12 minutes

So, by considering the above information, the service cycle efficiency is

Service cycle efficiency = Doctor Treatment time ÷ Total time spent in the hospital

= 16 minutes ÷ 69 minutes

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8 0
3 years ago
Wells, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 865 2 1,040 3 1,290 4 1,385
andrezito [222]

Answer:

Total FV= $5,080.86

Explanation:

Giving the following information:

Cash Flow:

Cf1= $865

Cf2= $1,040

Cf3= $1,290

Cf4= $1,385

Discount rate (i)= 8%

<u>To calculate the total future value, we need to apply the following formula to each cash flow:</u>

FV= Cf*(1+i)^n

Cf1= 865*1.08^3= 1,089.65

Cf2= 1,040*1.08^2= 1,213.01

Cf3= 1,290*1.08= 1,393.2

Cf4= 1,385

Total FV= $5,080.86

5 0
3 years ago
What did the lawyer say to the other lawyer?<br> all answers welcome.
In-s [12.5K]
<span>We are both Lawyers.</span>
7 0
3 years ago
Read 2 more answers
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