How much loss should Nyx recognize

Q: Is self-insurance the same as going without insurance? Why or why not?

A: The advantages of being self-insured area unit value savings and management of the insurance…

Q: What is financial health?

A: Finance is referred to as the proceedings for the management, creation, and also study of the…

Q: o lose a dollar than to gain a dollar

A: Business or life is all about gaining and losing, if one person will gain something the other will…

Q: How can you encourage people to join health insurance scheme

A: Health insurance scheme is the scheme which is taken by an insured person for the coverage of health…

Q: what type of insurance would i need if i went to the hospital

A: Medical expenses mean those expenses which are incurred by the people for the medical treatment.

Q: What disclosures are required for remote likelihood of losses?

A: Likelihood of losses means chance of occuring loss in some future events of the business. Likelihood…

Q: Types of risk confronting personal property and liability risk

A: In financial terms, risk used to referred to the uncertain event and also the potential financial…

Q: would you approve or deny them in receiving this loan and why

A: Annual Income is $10,000, Monthly Debt payment 30% of monthly Income, FICO score is 550 Checking…

Q: How much life insurance does an individual need?

A: Meaning of life insurance:life insurance is nothing but a contract between insurance company and…

Q: Why is health insurance a necessity?

A: Health insurance is a type of insurance policy that coverage any medical expenses incurred owing to…

Q: Explain the differences between actual cash value (ACV) and replacement cost for homeowner’s…

A: The difference between actual cash value coverage and replacement cost coverage is the depreciation.…

Q: Who will shoulder the costs of delinquency sale? issuing corporation lowest bidder highest bidder…

A: Delinquent Stock: If Unpaid subscription or balance thereof  are failed to  pay within 30 days from…

Q: Why do you think people have such a hard time with long-term goals like saving for retirement,…

A: Generally, human feels some quite insecurity for his future once he would develop with less energy…

Q: scuss insurance costs and unreimbursed losses

A: Defining and discussing  the terms, Insurance Cost and unreimbursed losses, both the terms are used…

Q: Which one (1) of the following conditions affects the amount of settlement of an insured loss? OA)…

A: As per Bartleby guidelines, only one question can be solved at a time. Please reupload other…

Q: Have we made the payment structure of health care to complicated?

A: Health care providers are paid based on the quality of care they provide rather than…

Q: Why are the expenses ignored?

A: As per the question  after-tax cash flow from the sale is to be calculated

Q: What are the pros and cons of asking a friend or a family members for financial help?

A: Before contacting a loved one about loan money, it is essential to consider the potential benefits…

Q: What type of life insurance policy would give you investment choice?

A: Unit linked insurance plans (ULIP) is life insurance plans that having hybrid characteristics. This…

Q: 16 What source of foreclosure leads comes with a built-in sense of trust and credibility with the…

A: Foreclosure refers to a legal proceeding that helps the lender in recovering the blended money to…

Q: Why would an insured inflate claims and who are the ones to suffer for it?

A: Insurance can be defined as the contract that is signed by an insurer indemnifies another person…

Q: What does the affordable care act do for those not insured?

A: Affordable Care Act is a comprehensive healthcare reform which has been introduced from March, 2010,…

Q: How can a patient benefit if the premiums paid are more than the cost of the medical care received?…

A: When deciding between individual and group health insurance, a patient should consider several…

Q: What are the remedies that a mortgagor and mortgagee may avail if either of them fail to do their…

A: Mortgage loan (Background)   :             In a mortgage loan, the mortgagor obtains the loan to…

Q: What are the rights provided by the general health insurance

A: Health insurance are very common now days due to increased risk of disease in  health insurance you…

Q: How would a client re-contribute a coronavirus-related payout to their individual retirement

A: A distribution is coronavirus-related if it fits all three of the following criteria:• It can be…

Q: why disability have more negative financial consequences than death?

A: Disability can indeed lead to more negative financial consequences than death in many cases,…

Q: Name a peril that is often excluded from an home or auto insurance policy.  Why is the peril…

A: Insurance is a contract that compensates the insurer against loss from specific contingencies or…

Q: 33) When a policy matures on the death of the insured , it is called as

A: Whole life insurance policy it represents a contract between the insured and insurer that as long as…

Q: How can moral hazard lead to more costly insurance premiums than one was expected?

A: Definition : Moral hazard : The risk of a person not entering into an agreement in good conscience…

Q: what are the advantages of high deductible on home insurance

A: A percentage deductible is generally greater than a conventional flat rate based on your houses'…

Q: How would a renters insurance policy help protect your property? What do such policies cover? How…

A: Tenant’s insurance helps secure you and your possessions, bear in mind that it doesn't usually cowl…

Q: What are the benefits of having third-party insurance?

A: When insurance is purchased for protection against claims of other persons, the insurance is called…

Q: What actions can a person take to reduce the cost of automobile insurance?

A: Automobile insurance is the instrument that is used to cover the losses or harm to vehicles that…

Contingent Liabilities and Provisions

A contingent liability can be defined as a liability the occurrence of which is dependent upon the happening of an uncertain future event. It is generally recorded in the books only when the amount of liability can be reasonably estimated and the contingency is likely to occur shortly.