Answered: An insurance policy purchased directly…

An insurance policy purchased directly online is not required to include Premium amount3 Coverage amount Issuing company’s name Producer’s name

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: When developing an insurance scoring factor, a company may not consider Income Amount of…

A: Insurance score is a probability of an individual or household filling for claim when they are…

Q: Credit histories allow firms to ( A) identify high-risk borrowers, so they can be eliminated and…

A: Credit history is report on repayment of debts and demonstrated responsibility in repaying them. It…

Q: How do economic principles impact healthcare decision making and planning?

A: Healthcare, frequently composed as health care, is an expansive and multifaceted term that…

Q: In detail please How do economic principles impact healthcare decision making and planning?

A: Healthcare, frequently composed as health care, is an expansive and multifaceted term that…

Q: What kind of healthcare system is the US have?

A: Health care system: It includes all organizations, institutions, and resources that are devoted for…

Q: People should buy bonds when they think that interest rates are as high as they will go.

A: A bond is a financial instrument that allows an issuer to raise capital by borrowing money from…

Q: An application for homeowners insurance is denied based on a Consumer report furnished to the…

A: The Fair Credit Reporting Act (FCRA) is a federal regulation that governs how credit information is…

Q: Extra Expense coverage is included in which of the following forms? Condominium Association…

A: Extra expense coverage: It refers to the coverage that covers the non-ordinary expenses of the…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: Statutory Conditions in an insurance policy are established for the protection of both the person…

A: Statutory Conditions in an insurance policy are legal requirements or provisions that are mandated…

Q: employee who owns an individual Disability Income policy is injured in an automobile accident and…

A: The term disability income (DI) insurance alludes to an insurance policy that turns out revenue to…

Q: Health insurance is a

A: In an economy, insurance refers to the agreement between two parties where an insurer promised to…

Q: Why do the government subsidize insurance companies.

A: The subsidy is the process of providing a sum of money by the government to the firm or the…

Q: Suppose you have $5,000 as a gift from your parents just after you graduate. You have a car, your…

A: Insurance is a contract in which a person pays a firm and the company agrees to pay money if the…

Q: What are different types of managed care Plans in terms of operation/definition and cost control…

A: The 3 managed care plans include: High Deductible Plans, Health maintenance Organizations and Point…

Q: Which of the following statements is correct about a business income coverage form? 1. it must be…

A: Business income coverage form is a type of an insurance policy that covers loss of income from…

Q: what are the recommendations for vouch insurance?

A: Vouch insurance is a firm that provides insurance for tech startups. Launched in 2019, it presently…

Q: yolanda younes-garcia of decatur, il, has decided to purchase bcbs plan k. she has a $15 copay and…

A: Insurance premium (IP) is $15. Insurance pay 50% amount and the person share is 50%. The annual…

Q: Why do you think the cost varies based on a person’s insurance status?

A: While answering this, it is assumed that the insurance in question here is health insurance. Being…

Q: Is Healthcare like any other commodity

A: Healthcare is one of the industries of service sector that provides facilities related to health…

Q: What differentiates for-profit and nonprofit healthcare organizations financially

A: This can be described as the concept that shows the ultimate or final gain of an individual or…

Q: The part of the policy which may request an insured to submit as a proof of loss is called the…

A: In Insured policy, Conditions are provisions inserted in the policy that qualify or place…

Q: the different treatment alternatives for drug and alcohol abuse. What are several strengths and…

A: Drug abuse: It refers to the situation under which the people who take drugs or alcohol will abuse…

Q: Offer, acceptance, and consideration are necessary elements of A.a warranty B.a…

Q: A side effect of an action that adversely affects is third party is called a

A: An externality is a cost or benefit caused by the manufacturer that is incurred or received by their…

Q: How would present a loss and or an expense or damage claim?

A: Development contracts will by and large accommodate the contractor to guarantee direct loss and…

Q: How do insurance companies make money?

A: As a for-profit firm, an insurance company must develop an internal business model that collects…

Q: A person may be considered negligent if they fail to do what a reasonable and prudent person would…

A: Negligence is the most widely recognized of misdeed cases. At its center Negligence happens when a…

Q: How do health administrators have technical skills

A: The recent shift to Electronic Health records (EHR) by the healthcare industry ha led to the…

Q: Is Effective payment model a challenge in the healthcare system today

A: Yes, the effective payment model is a challenge in the health care system today.

Q: The case of transaction exposure is described as follows. Choose the correct answer in the…

A: The exchange rate of a currency fluctuates due to various reasons which include, the interest rate,…

Question

An insurance policy purchased directly online is not required to include

Premium amount3
Coverage amount
Issuing company’s name
Producer’s name

Expert Solution

Step 1

Answer -

Given in the question-

An insurance policy purchased directly online is not required to include

Evaluating the options:-

1. Premium amount3

2. Coverage amount

3. Issuing company’s name

4. Producer’s name

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Health Economics Identify & Define a Community Hospital
The insured has failed to respond to recommendations to correct the elimination of existing hazards discovered during a recent inspection of the property by the insurer. The insurance company will not eliminate some of the coverage on the policy contact a contractor to fix the problems send a non-renewal notice to the insured Increase the premium being charged
H applied for a individual major medical policy. When H filed a claim within the first year of coverage and the underwriter noticed that the H's age on the claim form was different than what was listed on the application. The insurer will take which of the following actions regarding H's claim? A: Deny the claim and refund premiums B: Deny the claim, cancel the policy and keep all premiums C: Pay the claim in full and keep the policy as is D: Adjust the claim benefit amount to the insured's correct age
Title What are industry standards and how does state/territory legislation impact on them? Aged care Description What are industry standards and how does state/territory legislation impact on them? Aged care
help
How would you differentiate among needs assessments, process evaluations, and outcome evaluations?
What is the size of the US healthcare system and proportion or percentage of GDP does it make up?
Pls help ASAP
How can you use Microsoft Excel and your agility and problem solving skills to understand the level of risk involved in selecting the appropriate insurance to achieve your goals. How will problem solving, productivity, technology, and agility help you achieve your personal and professional goals?
Pls help ASAP
Which best describes workers’ compensation insurance? It is federally mandated but administered by the states. It is not federally mandated but administered by the states. It is federally mandated and administered. It is optional.