Answer:
Unfair Claims Settlement Practices Act
Explanation:
Here fundamentally, the act which will be acted on the given sentence is generally known as Unfair Claims Settlement Practices Act. Unfair claims practice is the inappropriate restraint of a request by an insurer or an endeavor to diminish the intensity of the claim. By interlacing in unfair claims practices, an insurer strives to diminish its values. Nevertheless, this is unlawful in various jurisdictions. Additionally, most maximum states possess formulated a version of this type of rule. Denominated essentially the Unfair Claims Settlement Practices Act, it defends safeguard consumers from the unfair manner by insurers in the appeals settlement method.
True rather be safe then sorry
Answer:
ok I can help but will is the question.◉‿◉
Answer:
The correct answer is:
(1) $15,054
(2) $12,990
Explanation:
The required table is not given in the question. Please find below the attachment of the table.
Given:
Future value,
= $30,000
If discounting rate is 9%, the present value will be:
= ![Future \ value\times PV \ factor(9 \ percent, 8 \ years)](https://tex.z-dn.net/?f=Future%20%5C%20value%5Ctimes%20PV%20%5C%20factor%289%20%5C%20percent%2C%208%20%5C%20years%29)
= ![30000\times (\frac{1}{1.09} )^8](https://tex.z-dn.net/?f=30000%5Ctimes%20%28%5Cfrac%7B1%7D%7B1.09%7D%20%29%5E8)
= ![30000\times 0.5018](https://tex.z-dn.net/?f=30000%5Ctimes%200.5018)
=
($)
If discounting rate is 11%, the present value will be:
= ![Future \ value\times PV \ factor(11 \ percent, 8 \ years)](https://tex.z-dn.net/?f=Future%20%5C%20value%5Ctimes%20PV%20%5C%20factor%2811%20%5C%20percent%2C%208%20%5C%20years%29)
= ![30000\times (\frac{1}{1.11} )^6](https://tex.z-dn.net/?f=30000%5Ctimes%20%28%5Cfrac%7B1%7D%7B1.11%7D%20%29%5E6)
= ![30000\times 0.433](https://tex.z-dn.net/?f=30000%5Ctimes%200.433)
=
($)
Answer:
One of the main economic issues in developing countries is rampant corruption or extremely inefficient government institutions. This means that less government intervention is always better in developing countries.
On the other hand, in developed countries, the checks and balances system exists within government institutions and even though corruption may exist, it is not as widely spread. The most severe economic problem in developed countries is inequality and huge economic actors. This is why activist policies may be necessary in developed countries, at least in certain economic sectors.