Which one (1) of the following forms of coverage could protect your client against a loss due to the dishonesty of an employee? OA) A 3-D bond. OB) A burglary policy. OC) A theft policy. OD) A hold-up policy.
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- PLS HELP ASAPYour insureds occupy a single family detached dwelling. For economic reasons, they are considering renting the finished basement to a tenant. What affect will this have on their Homeowners Policy? O A) None at all. Renting part of a dwelling is not considered a commercial activity. O B) They will have to install a smoke detector in the basement and the policy will then be in full force. O C) The policy will have to be cancelled and re-issued on a Secondary Dwelling form. O D) The policy must be endorsed to declare it is no longer a single family, owner- occupied dwelling."As a customer care manager of a laptop company, you have been informed about a customer complaint that the battery gets heated up and leads to shut down of the device. Your company does not produce batteries and your terms and conditions specify that customers will have to directly deal with the battery manufacturer in case of a battery problem. Your direct report has told the same to the customer. The customer however insists that since she purchased the laptop from you, it is your responsibility to fix the problem. You realize that customer’s point is valid. How should you think about resolving this issue?Holding on to your terms and conditions and insisting that customer talk directly to the company that manufactures battery Reprimanding your direct report of not being able to handle such problems at his end Asking your seniors for counsel and advice Immediately replacing the battery since customer satisfaction is critical
- need help asapGive three circumstances where respondeat superior does not apply and an agent will be liable to a third party. (Do not give examples Edit View Insert Format Tools Table 12pt v Paragraph v BIU Av2v T² v p Question 22 Name 5 events by law or by will that terminate an agency: 8: با هم ସା ៨ Da Ev D 01) A misdemeanor is a more serious crime than a felony. Why its false? 2) You accidentally take someone’s mink coat by mistake. You have committed theft. Why its false? 3) Robbery is the taking of property without force. Why its false? 4) If you find a signed and endorsed check, and you cash it, you have committed forgery. Why its false? 5) If you break into an apartment in order to escape a meteor shower, you have committed burglary. Why its false? 6) If a bank robber forces you, a bank customer, to kill a teller, and you do, you will be found innocent. Why its false? 7) If you buy a stolen 60-inch television out of the back of a truck at 2am for $15, you have committed no crime. Why its false? 8) If a person is a suspect in a crime, they mut cooperate fully with law enforcement and answer all questions. Why its false? 9) If you get drunk and then rob a bank, you will be found not guilty. Why its false? 10) A person is guilty of shoplifting if they take merchandise from one part of…
- Calculator A producer must deliver an Outline of Coverage to a prospective insured who is eligible for Medicare at which of the following times? OA. Before the application is taken O B. After the application is signed O C. When the policy is delivered O D. When the prospect requests itAgency Issues. One of the “Finance through the Ages” episodes that we cited is the 1993 collapse of Barings Bank, when one of its traders lost $1.3 billion. Traders are compensated in large part according to their trading profits. How might this practice have contributed to an agency problem?Which type of insurance provides protection from third-party claims during construction? Comprehensive General liability Builder’s risk Key-man (key-person) Workers’ compensation Property insurance