Answer:
Option A is correct
Explanation:
The 2 Option are:
<em>i. The firm Delta Insurers typically affirms claims within 120 days after it receives proof of loss statements
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<em>ii. The firm Delta Insurers typically denies claims within 120 days after it receives proof of loss statements.</em>
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Delta insurance company is a typical insurance company that operates it business in line with the Insurance practice code in its operation country. Failure of perform those duties strictly will lead to revoke of operational license which will incur consequential loss for the Insurance Company.
Delta Insurers insures against peril of Vehicle, Fire, Burglary, Consequential loss, Business Interruption and so on.
The insurer however have its own mode of settling claims as stated in the Policy form. The statement might be stated in there that "<em>we typically affirms claims within 120 days after we receives proof of loss statements". </em>No insurer can states in its policy form that "<em>we typically affirms claims within 120 days after it receives proof of loss statements", t</em>his is against the code of conduct of Insurance business
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Answer:
The monthly return on this investment vehicle is 1.37%
Explanation:
A perpetuity contract is one which lasts forever, It does not any time limit. Live Forever Life Insurance Co will pay $1,600 for indefinite time on today's investment of #117,000.
Monthly return will be calculated using following formula:
Present value of Perpetuity = Perpetuity Received / Interest rate
$117,000 = $1,600 / r
r = $1,600 / $117,000
r = 1.37%
Monthly return on the perpetuity is 1.37% for this perpetuity.
Answer:
The total amount of the cash dividend is $7,125
Explanation:
The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.
Treasury shares are those shares that are bought back by the company that issued the shares.
Use the following formula to calculate the cash dividend
Cash Dividend = Numbers of outstanding shares x Dividend rate
Where
Numbers of outstanding shares = 9,500 shares
Dividend rate = $0.75 per share
Placing values in the formula
Cash Dividend = 9,500 x $0.75 per share
Cash Dividend = $7,125
Answer:
Involvement Culture
Explanation:
According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question Devon is using the Involvement Culture. This is a culture that emphasizes the action of something that takes a lot of time, understanding and effort. This is one of the biggest challenges that some leaders can face.
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