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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.

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In the short run, the individual competitive firm's supply curve is that segment of the: "marginal cost curve lying above the average variable cost curve."

<h3>What is the short run supply curve?</h3>

The short run supply curve of a business is the section of its marginal cost curve that is higher than its average variable cost curve.

According to the law of supply, when the market price rises, the company will supply more of its product.

A perfectly competitive business maximizes profit by generating the amount of production that equals the product's price and marginal cost.

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Seth should add (B) the name of the company receiving the proposal.

<h3>Why it is important to add the name of the company receiving the proposal?</h3>
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Complete question:

Seth is writing a proposal to submit to another company. His title page includes the title, his name, the date, and the name of his company. What else should he add?

A. The executive summary.

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C. The style he is using to format the proposal.

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