A Major Medical policy insured is injured in an auto collision during a police chase. The occupants in the police car are killed. The insured is convicted of reckless driving and manslaughter. If the insured files a claim, the insurance company will MOST likely take which of the following actions? O A. Pay full benefits OB. Pay partial benefits O C Deny the daim only COD. Deny the daim and return the premiums paid

A Major Medical policy insured is injured in an auto collision during a police chase. The occupants in the police car are killed. The insured is convicted of reckless driving and manslaughter. If the insured files a claim, the insurance company will MOST likely take which of the following actions? O A. Pay full benefits OB. Pay partial benefits O C Deny the daim only COD. Deny the daim and return the premiums paid

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Can you please help me answer this?
need help asap
Recording Under an Accident and Health policy, which of the following persons has the right to change the beneficiary? O A. Applicant Insured O B. O C. O D. Beneficiary Policyowner Chat Whiteboard Code 372-256-906
Under a Commercial General Liability policy, which of the following actions is an obligation of the insurer? OA. To inspect the insured premises for safety OB. To renew the policy period from the date of loss OC. To pay claims only when there has been a judgment against the insured To pay a daim for which the insured has been found legally responsible OD
Q1. To prevail in an action brought under common law, the plaintiff must show all of the following except: (in your response, explain the burdens of proof for a third-party plaintiff under common law). Q2. Kerry CPA is the auditor for Sammy Corp. During the audit, Kerry discovers a material misstatement in Sammy's financial statements. Sammy's management tells Kerry that if the misstatement is corrected or if Kerry issues an opinion that indicates there is a material misstatement, Sammy Corp. will likely have to declare bankruptcy and thousands of employees will lose their jobs. Which of the following statements is true if the misstatement is not corrected and Kerry issues an unqualified opinion on Sammy's financial statements? (in your response, identify the court case that makes Kerry liable to any person who suffered a loss as a result of the fraud).
Which of the following sections of an insurance contract limits coverage? A Waiver of Premian OB OC OD. Conditions Exclusions Declarations
22
When a corporation wishes to issue certain securities, it must provide sufficient information for an unsophisticated investor to evaluate the financial risk involved. Specifically, the law imposes liability for making a false statement or omission that is "material." What sort of information would an investor consider "material" pursuant to the Securities Exchange Act of 1934? Be sure to explain the Act and provide two recent case examples where material representation or omission amounted to securities fraud in violation of SEC Rule 10b-5.
Sally's apartment is burglarized while she is on vacation, and a few pieces of jewelry she left at home are stolen. She files an insurance claim, stating that all of her jewelry was taken. Which of the following best describes the act that Sally is engaging in?
The Insuring clause in an Accident & Health policy states which of the following informaleant OA The insured's obligations The insurance company's obligations The risks excluded from coverage The cost of the coverage
Federal laws such as the Gramm-Leach-Bliley Act and HIPPA, apply to claims handling and to the professional activities of the claims representative. True False
88. when may an agent in Florida write controlled business If writing an amount of similar business equal to or greater than If writing an amount of similar business of at least twice the amount of controlled business If accepting no commissions on the controlled business If not advertising to the general public as an insurance agent