Français OA) $100,000.00 B) $125,000.00 OC) $80,000.00 OD) $60,000.00 Font Size: A dwelling valued at $500,000 is owned and insured by three persons. The first person has a 50% interest. The second and third persons each have a 25% interest. The first person resides in the house. It is insured for $400,000. The building is demolished by a tornado. How much would the second person receive from the insurers?
Français OA) $100,000.00 B) $125,000.00 OC) $80,000.00 OD) $60,000.00 Font Size: A dwelling valued at $500,000 is owned and insured by three persons. The first person has a 50% interest. The second and third persons each have a 25% interest. The first person resides in the house. It is insured for $400,000. The building is demolished by a tornado. How much would the second person receive from the insurers?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:09 questions remaining
OA) $100,000.00
B) $125,000.00
C) $80,000.00
OD) $60,000.00
Language: English Français
A dwelling valued at $500,000 is owned and insured by three persons. The first person has a 50% interest. The second
and third persons each have a 25% interest. The first person resides in the house. It is insured for $400,000. The
building is demolished by a tornado. How much would the second person receive from the insurers?
4
Font Size:

Transcribed Image Text:A Broker receives a call from a prospect and they share their concerns about their current brokerage and their level of
professionalism. They would like to file a complaint. Who would the Broker recommend the client to contact?
OA) The Registered Insurance Brokers of Ontario (RIBO)
OB) The Financial Services Regulatory Authority of Ontario (FSRA)
OC) The Canadian Council of Insurance Regulators (CCIR)
OD) The General Insurance OmbudService (GIO)
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