All categories

3 years ago

An insurance company receives an application with some information missing and issues the policy anyway. What is this called?

Business

1 answer:

AnnyKZ [126]3 years ago

6 0

Answer:

The correct answer to the following question is Waiver .

Explanation:

The term waiver can be defined as a legally binding provision , in which either of the parties entered in a contract , in their own free will forfeits a claim, and other party would not be liable. These waivers can be in written from or in some sort of action. Here the insurance company has removed the potential liability of the person who has filled the application form.

You might be interested in

One of the last items in an order of business is A. new business B. officer reports C. reading the minutes D. treasurer's report

Darya [45]

Jhjhyhbhvgsdshshsjeejebehehehejje

8 0

3 years ago

Read 2 more answers

The term for a rise in prices of general consumer goods is

skad [1K]

C. Inflation

If you require clarification on why, feel free to comment!

3 0

3 years ago

Let’s suppose that a lender has established a 90% loan-to-value ratio cutoff as one of its primary underwriting criteria. If a b

sergey [27]

Answer:

77.27% or

(17/22)%

The loan will accepted

Explanation:

property value 550,000

haircut 125,000

550,000 - 125,00 = 425,000 mortage value

425,000/550,000 = 77.27% = (17/22)%

The ratio is below the cutoff, so it is within the boundaries the lender expect. The loan will be given.

8 0

3 years ago

Investors expect that Amalgamated Aircraft Parts, Inc. will pay a dividend of $2.50 in the coming year. Investors requirea 12% r

ELEN [110]

Answer:

$50

Explanation:

Dividend discount model (DDM) is used to calculate intrinsic value of a stock. Since the dividends are expected to grow indefinitely, the formula will be as follows;

Price (P0) = D1 / (r-g)

where D1 = Next year's dividend = 2.50

r = required rate of return = 12% or 0.12 as a decimal

g = dividend growth rate = 7%

Price (P0) = 2.50/(0.12-0.07)

P0 = 2.50 /0.05

P0 = $50

5 0

4 years ago

Rachael’s Restaurant, a fast-food restaurant company, operates a chain of restaurants across the nation. Each restaurant employs

hodyreva [135]

Answer:

a. Advertisement cost relative to number of customers Fixed

b. Rental cost relative to number of restaurant Variable

c. Cooks salaries relative to number of customer Fixed

d. Cost of Supplies (cups, plates, spoons, etc.) relative to number of customer Variable

e. Manager's compensation relative to number of customer Mixed

f. Servers' salaries relative to number of Restaurants Variable

7 0

3 years ago