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4vir4ik [10]
3 years ago
10

Three years ago, Charles purchased a health policy from the QRS Company; he has purchased two additional contracts from the same

insurer since. Each contract contains the Other Insurance With This Insurer Provision. What happens if Charles has a claim
Business
1 answer:
ikadub [295]3 years ago
5 0

Answer: a. Only one policy will pay, the premiums for the other contracts will be returned.

Explanation:

When there are multiple insurance contracts from the same insurer and these contracts have a ''Other Insurance With This Insurer'' provision, it means that in cases where the insured wants to claim, they can choose whichever of the policies they want and that one will pay out but they cannot pick them all.

The premiums paid on the other contracts/s will be returned to the insured because it represents excess coverage.

You might be interested in
Briefly describe the differences among international bond, bank and equity markets. Would you support an MNC that favors financi
Katen [24]

Answer:

Answer to this question is explained below in detail.

Explanation:

This question is not complete. This has two parts a) and b). Part a) is complete and b) is incomplete. I have written down the complete question and will try to answer completely.

a) Briefly describe the differences among international bond, bank and equity markets.

b) Would you support an MNC that favors financing through bonds issues or would you rather support one that favors financing through stock issues?

Solution:

a) We are asked to differentiate between international bond, bank and equity markets.

All three terms are related to raising funds, lending or borrowing to raise the capital for some government or for any company.

Let's start with International Bonds first.

International Bonds : In this globalized world, a company can raise its capital through getting debt in the form of international bonds from international institutions over the assets value of the company. For example: XYZ company has a asset value of 10 million dollars, so it can get international bonds accordingly.  

International Equity markets: Again due to interlinked world, companies and institutions all over the world can invest their funds in any company around the globe. And through equity markets companies can sell their shares to raise its capital depending upon the asset value of the company.

International Banks: International banks are international institutions which raise capital in particular country and have branches all over the world. It can lend funds to companies on particular interest rates. Furthermore, all those bonds are generated in these banks as well.

b) Supporting an MNC that favors financing through bonds issues or through equity markets or stock issues will depend on the debt/equity ratio of the company. If it is low, company should go for debt or bond issues. If it is high then it should opt for stock issues.

6 0
3 years ago
Sally wanted to replace the old carpet in her home. She entered into a contract with Good Carpet Co. for the purchase and instal
Olin [163]

Answer:

B)  The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.

Explanation:

The contract doesn´t include in its mayor part provision of services. And Sally wanted to sue Good Carpet for the services that they provided, not for the good it sells.

5 0
3 years ago
One way that technological innovation has changed business is by decreasing the use of
lutik1710 [3]

Answer: Paper Forms

Reason: Process of Elimination and Educated Guess (Also, I just learned this)

3 0
2 years ago
Stevie recently received 1,035 shares of restricted stock from her employer, Nicks Corporation, when the share price was $9 per
Anton [14]

Answer:

9,315

Explanation:

The 83(b) election of the IRC which allows the employe of restricted stock to pay taxes on the fair market value at the time were granted.

It applies when the stocks are subject to vesting

The 83(b) election becomes useful when the employee has confidence that market value will increase and thus, saving taxes in the future.

If the market price decrease over the years or the company files for bankrupcy, the taxpersons will have pay income taxes for a worthless amount.

Also, if he leaves the company before esting the shares, it would had pay taxes for shares it won't receive.

So, resuming: under election 83(b) we use granted time value

1,035 x 9 = 9,315

4 0
3 years ago
The sarbanes-oxley act created the _____ to oversee the accounting firms that audit public corporations and to establish rules a
krek1111 [17]
The answer would be the option A.

Hope this helps !

Photon
5 0
3 years ago
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