A joint life policy pays After the first insured dies After the last insured dies After each insured dies One half of the face amount After each insured dies
Q: What are the different types of liability insurance policy forms?
A: Insurance is described as a policy or a contract that covers the liabilities and risks of an…
Q: 3 a joint life policy pays A after the first insured dies B after the last insured dies C after each…
A: The objective of the question is to understand when a joint life insurance policy pays out.
Q: 4 which of the following policies allows the insured to continue the policy at the end of the policy…
A: The objective of the question is to identify the type of insurance policy that allows the insured to…
Q: A company repurchased 10,000 of its outstanding 5 ordinary shares with par value 2$ for 6$ in /2024,…
A: To get the answer, lets journalize first the transactions made:DateAccount TitlesDebitCreditJan. 5,…
Q: A real estate investor based in Corona Del Mar, California borrowed $43,200,000 from Union Bank…
A: So, the correct answer is (d) $216,000.Explanation:To calculate the monthly loan payment for the…
Q: What are the essential components or elements that make up an insurance contract?
A: A contract is a legally binding agreement between parties that specifies the terms, conditions, and…
Q: Under the federal rules for tax-qualified LTC policies, a chronically ill individual is someone who…
A: Long-term care (LTC) is a critical aspect of healthcare that addresses the needs of individuals who…
Q: Ethics and professionalism comply with good faith and are key elements in fulfilling its promises…
A: Recently, severe concerns have been expressed regarding the proprieties in business, since there…
Q: - Explain the differences between the different National Insurance Classes.
A: The National Insurance system is an essential component of the welfare state in the UK, providing a…
Q: Describe the right-to-work doctrine. Does it apply to every state? What is a union security…
A: Labor unions and relations relate to the lawful and practical factors of labor concerns, including…
Q: When would a convertibility feature be exercised by a bondholder
A: Convertible bonds refer to those type of bonds which can be converted into stock by the bondholder.…
Q: insured voluntarily gives up the life insurance contract, the policy is A) Foreclosed B) Lapsed…
A: Ans: there is a minimum duration after which an insured can voluntarily give up his life insurance…
Q: What is important for the qualifying process for surety bonds?
A: The three predominant methods to qualify a surety organisation The following sources make it smooth…
Q: iscuss some of the characteristics of insurance.
A: Insurance is a type of contract that plays a great role in the current times and especially for…
Q: According to the Public Trustees Act 1978, All unclaimed trust monies must be lodged annually into…
A: The management of unclaimed trust monies is a significant aspect of financial regulations and…
Q: An underwriter keeps shareholder records and prepares official lists of shareholders and dividend…
A: Underwriter is an individual or group that undertakes or assures or guarantees the company to buy…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Gowns a Business Overhead Expense policy with a monthly benefit of $5,000. G pays an annual premium on January 1. On June 1 of the same year, G sells the later, G becomes disabled as the result of a fall. In this situation, which of the following monthly benefits, will Greceive? O A OC D. $10,000 $5,000 $2,500 $0What are the two exceptions to the general rule that an entity should allocate the transaction price based on the relative standalone selling price? Are the percentage-of completion and the completed contract methods both viable alternatives for a given contract Explain Does aggregating the five components of pension cost always result in a reduction in income? Do corporations report the projected benefit obligation and the plan assets as individual accounts on the sponsor corporation’s balance sheet?Suppose you had inside information that your employer was thinking about declaring bankruptcy, and you find out that a family member was about to purchase $20,000 in the stock of your employer. To what extent would it be unethical for you to dissuade the family member from making the investment?
- Structural subordination occurs when O There is a holding company and a group lends to its operating subsidiary One group lends to a holding company and there is no debt at its operating subsidiaries One group lends to an operating subsidiary on an unsecured basis O One group lends to a holding company and another group lends to its operating subsidiaryDescribe the basic features of each of the following types of bonds: Mortgage bonds Debentures Subordinated debentures Equipment trust certificates Collateral trust bonds Income bonds Explain the differences between par value, book value, and market value per share of common stock. Discuss the various stockholder rights.A company declared a $ 10.00 per share cash dividend. The company had 100,000 shares authorized, 75,000 shares issued, and 10,000 shares of Treasury Stock. What is the journal entry to record the declaration of this cash dividend?
- Explain the disadvantages of using insurance in a risk management program.Which of the following statements about the aggregate policy limit in a Commercial General Liability policy is OA It is set by the insurer after a claim It is the maximum amount payable for all claims under the policy OC It is negotiated at the time of a 168 It is adjusted for inflation RecordingYou own 1,260 shares in Corporation X that are worth $40 per share. Your cousin o° ers to trade you his 700 shares in Corporation Y that are worth $55 per share and will add $10,000 in cash. Should you make the trade?