Consider a situation where a professional misrepresents information when acquiring an insurance policy and a third party is injured. What might happen if a claim is made against the insurance company that issued the policy based on fraudulent information? Will the insurance company be liable?

Consider a situation where a professional misrepresents information when acquiring an insurance policy and a third party is injured. What might happen if a claim is made against the insurance company that issued the policy based on fraudulent information? Will the insurance company be liable?

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

Related questions

Q: can you explain this in short as this is a lot of information to understand

A: Reliability The consistency, stability, and reproducibility of an assessment or outcome are all…

Q: What are the common challenges organizations face when implementing continuity plans for file…

A: Continuity plans are crucial for organizations to sustain operations during disruptions and…

Q: Read the passage and answer the following questions Harry Davis just finished interviewing a…

A: MedEx, a medical billing company, has a high turnover rate for medical billing specialists. An…

Q: what is difficult about writing a memo?

A: Business Communication is an aspect of the organization that deals with the sharing of information…

Q: What is an information management system (IMS) and how does it work?

A: Business management refers to coordinating different departments of a business together so that…

Q: This assignment gives you the opportunity to evaluate and critically analyse aspects of marketing…

A: Disclaimer: Since you have asked multiple questions, so we will solve the first question for you. If…

Q: Identify the professional organization related to your chosen specialization of PMHNP for this…

A: Meaning of PMHNP: It stands for Psychiatric Mental Health Nurse practitioner. It is a type of…

Q: Examine additional services available within conference and event environment and discuss their…

A: Services can be explained as any intangible product or goods which is capable enough to fulfill the…

Q: Online operations have become a mainstay of America business. Is planning and monitoring a business…

A: The business Analysis helps to provide solutions to a business on the basis of various factors for…

Q: Cal is starting a new business what kind of transaction processing system should he use to manage…

A: The answer is based on the Computer Information system case.

Q: Effective staffing is a critical component of organizational success, as it involves the careful…

A: Staffing refers to the process of acquiring, planting, and retaining a pool within an association…

Q: You are in your last semester of college and have been looking for a job. You have registered with…

A: The objective of the question is to determine the ethical and professional course of action when…

Q: You must understand the company's IT infrastructure's most pressing issues and how to resolve them.

A: Please find the answer below.IT Infrastructure :- The collection of hardware, software, networks,…

Q: You are in your last semester of college and have been looking for a job. You have registered with…

A: The question is asking whether there is a moral or ethical obligation to inform a classmate, Alex,…

Q: Many modern businesses' efforts in the realm of electronic commerce revolve on what is known as a…

A: INTRODUCTION - Online purchasing and selling of products and services is referred to as electronic…

Q: Differentiate the types of appointment methods found at 7-2c and tell us which one you believe is…

A: Appointment methods allude to the various manners by which individuals can plan and affirm…

Q: Customer Relationship Management: true or false: 5. Social media marketing is the practice of using…

A: Customers are an important part in the organization. It is important to satisfy the customers by…

Q: Many companies' present-day e-commerce activities may be traced back to a foundation of nine key…

A: By managing the nine key components of an e-commerce process architecture effectively, companies can…

Q: What's the verdict: mainframe or mobile? What are the parallels and differences between them?

A: Mainframes and mobile devices are two very different types of computing devices that serve different…

Question

i need the answer quickly

Consider a situation where a professional misrepresents information when
acquiring an insurance policy and a third party is injured. What might happen if a
claim is made against the insurance company that issued the policy based on
fraudulent information? Will the insurance company be liable?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Introduction:-

VIEW

Explanation:-

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.

Similar questions

Write an email to your manager, Mr. David, requesting extension on report deadline.
You are in your last semester of college and have been looking for a job. You have registered with the placement office and posted your résumé online, but the jobs that are available leave a bit to be desired. In one of your classes you overhear a classmate, Max, talking about an interview he had last week. Max said that he really wanted the job but didn’t think his interview went particularly well. He is currently waiting to hear back from the employer. As Max was describing the position, you thought it sounded very interesting, but you wondered if it would be right for you to pursue the position since Max had found it first. Question: If you interview for the job, how would you respond if asked how you heard about the opening?
What are the job responsibilities of a Network administrator?
Explain the concept of system management and its significance in modern IT infrastructure.
Explain the process of IT resource acquisition in an organization. What are the key considerations when acquiring new IT resources?
Let's assume a business already has a KMS in place. How can you as a manager ensure that face-to-face information communication will not disappear?
Why is the daily receiving report important?
Describe the definition of "Management Information System".
Discuss the concept of IT resource optimization and cost reduction. Provide strategies and best practices for achieving cost-effective IT resource acquisition.
Write memo You are the manager of WhiteOut, a store that sells snowboarding equipment and clothing. You have seven employees. Since you believed that today would be a light day for sales, you asked only one employee to work. However, suddenly, more customers than you had expected showed up, and you and your employee are overwhelmed. You need help—fast. E‐mailing your other employees might not work, since they aren’t necessarily near a computer. In contrast, you know they all have smartphones. The fastest and most trustworthy way to communicate with them is through instant messaging or text messaging.
I work as a sales associate at Walmart. What are my job responsibilities, duties, and activities? What are my skills used in my current job?
How do data and telecoms relate? What if they overlap? Details and examples should back your answers.