Reference no: EM13922113
1. How do agents and brokers differ?
2. After hearing the advice that it is usually best to buy life insurance from a person who has been in the business at least five years, a life insurance company general agent became upset and said rather vehemently, “How do you think we could recruit an agency force if everybody took your advice?” How would you answer that question?
3. Is the inherently discriminatory nature of underwriting acceptable from a public policy standpoint? Would shifting to a primarily behavior-based approach to risk assessment be feasible?
4. What actuarial adjustments are built into the pricing of life insurance premiums?
5. Occasionally, Insurer X will reinsure part of Insurer Y’s risks, and Insurer Y will reinsure part of Insurer X’s risks. Doesn’t this seem like merely trading dollars? Explain.
6. What is the relationship between the following functions within an insurance company?
a. Marketing and underwriting
b. Underwriting and actuarial
c. Actuarial and investment
d. Legal and underwriting
e. Claims and marketing
f. Claims adjusting and actuarial.
|
Lease payments and utilities on the production
: During its first year of operations, Silverman Company paid $14,000 for direct materials and $19,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $17,000 while general, selling, and administrati..
|
|
Assignment on database management systems
: This lab assignment is to practice data modeling of a given user view of an online retail store.
|
|
Draw dependency diagram to show the functional dependencies
: Draw a dependency diagram to show the functional dependencies in the relation and decompose GRADE REPORT into a set of 3NF relations
|
|
Which costs are pertinent to economic decision making
: Which costs are pertinent to economic decision making? Which costs are not relevant? A noted economist was asked what he did with his "free time." He responded by saying that "time is not free." Explain this response.
|
|
How do agents and brokers differ
: How do agents and brokers differ? After hearing the advice that it is usually best to buy life insurance from a person who has been in the business at least five years, a life insurance company general agent became upset and said rather vehemently, “..
|
|
What was cost of goods sold for the year
: What was Cost of Goods Sold for the year Direct materials costing $70,236 were purchased.Direct labor cost was $26,268.
|
|
Showing profit/loss on crop, livestock and total profit
: Depreciation is to be provided for at the rate of 20% and 10% per annum for motor vehicles and farm implements respectively on the book values. Buildings to be depreciated at 2% per annum on cost.
|
|
Should solaces management agree to sell explain
: The Solace Company has an inventory of steel that it originally purchased for $20,000. It currently has an offer to sell the steel for $30,000. Should Solace's management agree to sell? Explain.
|
|
Execute complete and thorough unit test
: Define, implement, and execute complete and thorough unit test on the given Java class (MyStringUtils.java).
|