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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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Six-packs of soda, cartons of eggs, and three-packs of paper towels are all examples of products sold using a block pricing strategy.

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8 0
1 year ago
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3 years ago
As a marketing manager for kitch-it-tools, jim is frustrated with the way his organization markets their kitchen utensils. curre
Leokris [45]

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6 0
3 years ago
The owner of Hanson Manufacturing is considering the idea of establishing a smoke-free workplace and instigating an incentive pl
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Answer:

$2000

Explanation:

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Therefore, for each smoker who quits smoking, Hanson Manufacturing will gain approximately $2000 in productivity.

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3 years ago
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