- Explain the differences between the different National Insurance Classes.
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- Explain the differences between the different National Insurance Classes.
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- Your auto insurance company has offered you a 15 percent discount (roughly $200 per year) if you agree to let them install a sophisticated vehicle event data recorder (EDR) in your car. You have read over the terms of the agreement and discover that if you are involved in an accident, you must agree to let the data from the device be collected and analyzed by a third-party accident investigation firm. You must also agree to let findings from this analysis be used in a court of law. What questions would you want answered and what advice might you seek before deciding whether to accept this discount offer?Freida, who lives in Covington, Louisiana purchased three bonds from a company based in Brazil that were yielding 9.75% and paid a 12% coupon, semi-annually. The company went bankrupt and Freida never received her money. What type of risk caused Freida's loss? Interest rate risk. Default risk. Exchange rate risk. Executive risk.By allowing incorporation and limited liability, societies via governments allow companies to seek unlimited profit while spreading all risk and any negative externalities equally over a society. To what extent is this fair? Explain whether and why you think companies should be forced to balance this societal risk in some way.
- Describe the healthcare reimbursement management skillsDifferentiate between the risk retention and risk insuranceWhat is the definition of “indemnity” insurance? Why do you suppose it has largely been replaced by managed care? What are the three main types of managed care organizations? What are the pros and cons of each type?