onrad is an architect who has just been sued because a building he helped design has collapsed and injured several people. What type of insurance would help him with court costs and settlements. A. legal malpractice B. universal C. medical malpractice D. general liability E. catastrophicC
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- Gowns a Business Overhead Expense policy with a monthly benefit of $5,000. G pays an annual premium on January 1. On June 1 of the same year, G sells the later, G becomes disabled as the result of a fall. In this situation, which of the following monthly benefits, will Greceive? O A OC D. $10,000 $5,000 $2,500 $05. Patricia owns significant shares in an airline. There has been much speculation in the news that the price of oil may go up, negatively impacting the airline's profits. Patricia is contemplating buying stock in an oil and gas company as a way to cover her investment. This risk management strategy is commonly known as a. Self-insurance b. Hedging c. Loss Prevention d. AvoidanceWhat happens when an employee records a fictitious refund of goods at his cash register? a. A disbursement from the register is unrecorded. b. The victim company’s inventory is unreported, and a disbursement from the register is overstated c. The victim company’s inventory is overstated, and a disbursement from the register is recorded. d. The victim company’s inventory is understated.
- 24. what is an example of controlled business a. Insurance contracts covering an agent's family members b. Insurance contract covering an agent's friends a neighbor c. noncontributory group insurance plans d. self-insured group insurance plansthe office of insurance regulation may examine the records of an insurance company O a. Determine the solvency of the company b. determines the trust deposit of the company c. approves the claims records of the company for tax purposes. d. assess the company's value on behalf of prospective investorsJoe took out a loan to purchase a new house. In return, Joe's lender placed a lien on the property. Is this legal? O No. Only Joe can place a lien his property. O No. A lender is never allowed to place a lien on a property as long as the borrower is up-to-date ontheir payments. О Yes. This is a voluntary mortgage lien that allows the lender to foreclose on the property if Joe defaults on the loan. O Yes. However, the lien is only valid for 12 months.
- Which of the following statements BEST describes the purpose of a Deability income policy? A It is used to pay for hospital, medical, and surgical expenses if a senous disability occurs. It is designed to supplement Medicare Part A benefits It is used to pay for an insured's normal living expenses if the insured becomes disabled It is designed to supplement Workers' Compensation benefits B D.Need a long and detailed self-explanatory analysis of the following case after hearing the oral argument of the case in Oyez Bank of America Corp. v. City of MiamiIndicate whether the statement is true or false, and justify your answer.Physicians in the US are licensed to practice medicine immediately after they complete medical school.
- A self-insured organization needs a(n) Third-party administrator (TPA). Recordkeeping system to track its self-insured claims. Informal retention plan. Workers compensation or auto liability loss exposure.5. A radio station plays a commercial for Beefy's restaurant. The station created the commercial by loved Beefy's. The star didn't give permission for this commercial and has never even been to Beefy A. The radio station is guilty of appropriation B. The radio station is guilty of slandering the restaurant. C. The star is guilty of negligent misrepresentation, although not intentional misrepresentation. D. The radio station is guilty of negligence Mark for review (Will be highlighted on the review page) << Previous Question Next SuA spring gun, capable of inflicting death or serious injury: O Blew away much of Katko's right arm. OIs the best way to defend unoccupied property. O Can only be used to protect an unoccupied boarded-up farmhouse. O Cannot be used to protect an unoccupied boarded-up farmhouse. O Cannot be used to protect a farmhouse unless it is unoccupied.