Professional malpractice insurance __________ the insured for up to the specified policy limit for negligent acts performed by professional employees that injure clients.   Multiple Choice disclaims indemnifies denies repudiates

Q: An applicant for life insurance must be informed of their rights under the Fair Credit Reporting Al…

A: An insurance market is the one in which an individual buys an insurance to protect himself against…

Q: Your insured's automobile is damaged by another automobile owned and driven by his brother. The…

A: An Uninsured Automobile is a term used in insurance to refer to a motor vehicle (an automobile) that…

Q: Reinsurer A enters into a quota share agreement with primary insurer P - In this quota share…

A: A quota share is a type of reinsurance arrangement in which the reinsurer and the primary insurer…

Q: Under the Consideration clause in a Major Medical policy, he insurance company's consideration to an…

A: Insurance, also referred as insurance coverage or insurance policy, is a legal arrangement between…

Q: Three paragraph summary on forecasting of Biosensor Technologies for Medical IoT Applications Using…

A: 1. Bibliometrics and information mining of patent information are gaining in significance because of…

Q: Participate in a discussion regarding private information as shown in Section 12.3 in the textbook.…

A: Participate in a discussion regarding private information as shown in Section 12.3 in the textbook.…

Q: During 2013, 400 people were hired for a particular job. Of the total, 300 were white and 100 were…

A: The employment practices having a discriminatory effect on protected groups is known as adverse…

Q: employee who owns an individual Disability Income policy is injured in an automobile accident and…

A: The term disability income (DI) insurance alludes to an insurance policy that turns out revenue to…

Q: The hot water heater explodes and damages some household contents. The actual cash value of the…

A: A basic homeowners insurance coverage is referred to as a HO3 policy. It is, in essence, a contract…

Q: (80) purchases a whole life insurance policy of 100,000 payable at the end of the year of death. You…

A: The present value of payments that an entity anticipates making to its current and former employees…

Q: The company el Ahuehuete, S.A., shows you the data of the credit applicants. Without knowing the…

A: Giving credits to clients require analysis of income and expenses and depending on that credit may…

Q: 20-1 Your product fail about 2% of the time, on average. Some customers purchase the extended…

A: Adverse selection occurs when there's a lack of symmetric information before a deal between a buyer…

Q: 26) If an employee receives health insurance through his or her employer, the employer A) still…

A: Medicare and Medicaid are government-related programs that fall under the realm of 'Public…

Q: The Medicaid program provides health insurance for the O disabled. poor. veterans of wars.

A: The costs of an insured person's medical care and surgical procedures are covered by health…

Q: Moral hazard is a problem that arises when which situation occurs? There is a risk of a "lemon."…

A: A Moral Hazard is a problem of behaving less carefully at the cost of giving the burden of risk to…

Q: insurance is pure liability coverage over and above the coverage provided by other types of…

A: We have to find given question answer.

Q: why is adverse selection important in healthcare insurance markets.

A: When talking about healthcare insurance market, it can be said that it is the market for the people…

Q: What elements of the employee dishonesty exposure make it difficult to estimate the size of the loss…

A: The loss is the difference between the economic cost and economic revenue. Economic revenue is the…

Q: J is insured in an accident on K premises. K has a commercial general liability policy with a…

A: Definition: A Commercial General Liability (CGL) is a sort of insurance policy(protection…

Q: Which answer about the amount of the group life death benefit that the beneficiary must disclose for…

A: The death benefit received by the beneficiary of a life insurance policy is not taxable income, and…

Q: Which of the following coverages will protect the insured against drivers who have inadequate or…

A: When talking about different types of insurance coverage, they are based on different terms and…

Q: How does adverse selection impact the pricing and sustainability of insurance markets?

A: Adverse selection is a phenomenon in the insurance industry where those who believe they are most…

Q: Substanlially true stalements made by an applicant on an Accident and Health application are known…

A: In the insurance market, there are numerous incidents that may lead to revocation of the contract…

Q: Which of the following influence the payment of a healthcare charge? Select all that apply. 1.…

A: The healthcare costs center on a number of factors that affect what people or insurance firms have…

Q: 20-2 A collogue tells you that he can get a business loan from the bank, but he rates seem very high…

A: Banks are a common source for loans obtained by businesses in order to finance capital investments…

Q: Using the concept of Asymmetric Information & Moral Hazard, why Insurance Agents would not tell and…

A: Asymmetric information refers to a situation where one party to a transaction has more information…

Q: Your insured asks if a cemetery plot he/she has just acquired is covered for Personal Liability…

A: Insurance is a legally binding game plan where an individual or association (the policyholder) pays…

Q: O.A.P. 1 Owner's Policy, defines "newly acquired automobile" to be automatically covered when…

A: The Owner's Policy  also known as the Automobile Policy - Part I  is a type of insurance policy that…

Q: A bank that provides financing for the purchase of an auto may require the insured to name the bank…

A: In the insurance market, there is a high possibility of adverse selection and moral hazard due to…

Q: Economics The presence of co-insurance has the following effect on price elasticity of demand:…

A: When talking about co-insurance, it can be said that it is the amount of money paid by an insured…

Q: before receiving a policy from the insurer, a producer may give an insured a written document as…

A: Insurance policies are legal agreements between the insurance providers and the policy holders. The…