Which of the following is NOT a business of life/non-life insurance firm? a. Property/casualty insurance  b. Deposit Insurance c. Automobile insurance d. Whole life insurance e. Death insurance  f.House insurance       a     b     c     d     e     f     x

Q: It pertains to a risk management technique when acquiring a life insurance. * risk avoidance risk…

A: One of the risk management technique is Risk Transfer where one party transfer the risk to another.…

Q: What is the role of Insurance company?

A: Answer no 3. Insurance companies are a part of financial system and considered as a safeguard the…

Q: Which of the following types of insurance does NOT involve a contract with an external party? a.…

A: Introduction Insurance is a form of risk management that helps to protect individuals and businesses…

Q: Describe the different business models for Life Insurance Companies as compared to Property &…

A: Business Model of insurance corporations Like alternative businesses, insurance firms additionally…

Q: in insurance terminologies this means that a life insurance policy has been paid and active?

A: In insurance terminology premium means that a life insurance policy has been paid and active.

Q: Which of the following is not an insurance management tool? Group of answer choices deductibles.…

A: Insurance management: Insurance Management is the administration of all insurance requirements, both…

Q: risk" factor

A: Risk is a term that shows the possibility of injury or loss to the health, business, vehicle, etc.…

Q: What is the importance of insurance companies?

A: Insurance firms are financial middlemen that provide direct insurance or reinsurance services,…

Q: what are the pros and cons of being insured by a mutual insurance company vs a stock insurance…

A: There are two types of insurance companies: mutual insurance company and stock insurance companies.…

Q: The company selling the insurance policy is the _________________. a. Insurer b. Policy c. Premium…

A: Insurance is a means of protection from financial loss.

Q: 20. The written insurance document that may include all clauses, exception and conditions is called…

A: The written insurance document that may include all clauses, exception and conditions is called…

Q: Insurance services are classified into two major groups: 1) life and 2) property-casualty. Select…

A: Insurance is a financial service offered by financial institutions to protect a person against any…

Q: How insurance companies works?

A: Insurance companies are the type of organizations that were established in order to cover the…

Q: dissimilar to the other three options? d. Motor insurance b. Personal property insurance С. Life…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: Insurance policies form the basis of an insurance company’s ________________. a. Financial…

A: Financial securities are an important part of an insurance company's investment portfolio, as they…

Q: In case of life insurance policies with profits, policy holders are given the right to participate…

A: Answer

Q: O Liability Insurance Expense.

A: Sud account is smaller account under a larger account . It is uesful to track different activites…

Q: What are the differences between an insurance agent and an insurance broker? Discuss.

A: Insurance brokers are individuals that sells, buy or negotiate variety of financial products that…

Q: he consideration paid by insured in a contract of in - premium C. prepaid insurance insurance…

A: The insurance companies do different kind of insurance for the companies depending on the risk and…

Q: How life insurance contracts are different from other financial services or products?

A: Life insurance is a form of financial protection that helps individuals and families prepare for the…

Q: Which of the following items is required by the Life Insurance and Annuity Replacement Rule? A. A…

A: The answer is stated below:

Q: What are the pro and cons of third-party insurance?

A: Third-party insurance is an insurance policy purchased for the protection against the claims of…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.