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Vesnalui [34]
3 years ago
10

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.

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If the same patient has an office visit and the charge is 120.00. the patient has met the annual deductible. if medicare allows
ipn [44]

In this case, as long as the patient has met their annual deductable and out of pocket max, they will not have to pay for the visit themselves. Their insurance will take over and pay for the service. Since Medicare allows $95 for the service, they will post $95 as paid to the patients account.

5 0
3 years ago
Read 2 more answers
Determine what paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0.41 per
dusya [7]

Answer:

He has to pay the insurance company=$1840.90

Explanation:

Value of his home=$449,000

Insurance company charges $0.41 per $100 of value in his home

Number of $100's in $449,000=449000/100=4490

They charge 0.41 for every $100=4490×0.41= $1840.90

He has to pay the insurance company=$1840.90

4 0
4 years ago
Merton's Toothpaste has been the leader of dental care products for about 40 years. However, this company relied too long on its
ratelena [41]

Answer:

Core rigidity

Explanation:

According to a different source, these are the options that come with this question:

  • resource flow.
  • dynamic capabilities.
  • core rigidity.
  • value chain.

This is an example of core rigidity. Core rigidity refers to a situation that can arise in business in which a company relies on its advantages for too long. Companies that find themselves stuck due to core rigidity usually do not improve themselves. Moreover, they tend to become obsolete and often struggle to compete with other firms that are more adaptable or innovative than them.

5 0
4 years ago
Read 2 more answers
Murphy started putting $100/month into his 401(k) earning 6% APR when he was 22 years old. How much will be in his account when
kotykmax [81]

Answer:

$199,149.08

Explanation:

a = 100, i=0.06/12=0.005, n=40*12=480, FVA = Future value of annuity

FVA = A*[(1+i)^n - 1/ i]

FVA = 100 * [(1+0.005)^480 - 1 / 0.005]

FVA = 100 * [9.957454/ 0.005]

FVA = 100 * 1991.4908

FVA = $199,149.08

So, the amount that will be in his account when he retires at age 62 is $199,149.08.

8 0
3 years ago
Local languages, the dominant religions, views toward leisure time, and the age and lifespan demographics constitute the _____ f
erastova [34]

Local languages, the dominant religions, views toward leisure time, and the age and lifespan demographics constitute the sociocultural factors that significantly influence business.

<h3>What is local language ?</h3>

Local Language means the language declared by the concerned State Government as their official language.

There are various type of languages :

  • Standard / Polite / Formal.
  • Colloquial / Informal.
  • Regional Dialect.
  • Social Dialect.
  • Lingua Franca.
  • Pidgin.
  • Creole.
  • Vernacular.

<h3>What is Sociocultural?</h3>

Sociocultural is a term related to social and cultural factors, which means common traditions, habits, patterns and beliefs present in a population group. The term is mostly used in sociologic and marketing contexts and refers to the most remarkable drivers behind the way people makes decisions in a society.

Therefore, The sociocultural influences that have a considerable impact on business are local languages, the prevalent faiths, attitudes toward leisure, and age and lifespan demographics.

Learn more about Sociocultural on:

brainly.com/question/24769813

#SPJ4

4 0
2 years ago
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