Submits an application for homeowners insurance

Assignment Help Business Management
Reference no: EM132541434

A broker submits an application for homeowners insurance to an insurance company on behalf of a client. The broker is unaware that although his client is the registered owner of the property to be insured, the insured has neglected to report that the home is being used to house a catering business. This means that the client has failed to disclose information on the insurance application.

a. If you are the underwriter on this risk and it comes to your attention that the insured is operating a catering business from the home, what issues should you consider when you discover the actual facts about the use of the insured home?

Reference no: EM132541434

Questions Cloud

Establish a new strategy and target market : Establish a new strategy and target market and Fill the hotel with guests at profitable prices - Integrate theory and application
Understanding critical infrastructure : How would you enhance security regarding this type of infrastructure? What would you propose to better secure our borders?
Describe paradox in the context of leadership : The idea of "servant leadership" may be considered a paradox. Describe this paradox in the context of leadership.
What are the author main points : What are the author's main points? What evidence supports the main point? For example, if Tomlin's thesis that the New Deal offered only a counterfeit liberty.
Submits an application for homeowners insurance : A broker submits an application for homeowners insurance to an insurance company on behalf of a client.
Explain job components in the job description : As an HR Manager, part of your job is to analyze the staffing levels within the organization. You have to hire to fill one position within the organization.
How will artificial intelligence shape the future : Do you have any Artificial Intelligence applications you are using right now as a software? Do we need to afraid of Artificial Intelligence?
Commit corporate crimes and transgressions : Why are transnational corporations in such a good position to commit corporate crimes and transgressions? What methods might be used to combat these crimes?
Makes a difference in business processes : Please define the main advantages of using an AS/RS system. Which business sectors are more advantageous in using such technologies? Why?

Reviews

Write a Review

Business Management Questions & Answers

  Opinions about organizational structure

In this week's discussion, we want to hear your opinions about organizational structure. This is your chance to share your point of view.

  New conversation within the it world

The Internet of Things (IoT) has become a new conversation within the IT world, describing how more smart devices can communicate with each other and interface with humans. Naturally, this would mean networking challenges become increasingly sophi..

  National health planning resource and development

Select among any health care policies such as Hill-Burton, Medicare/caid, National Health Planning Resource and Development Act.

  What approach to ethical decision making does jeremy use

Jeremy's ethical decision making is guided primarily by his belief that his self-interests should be promoted as long as he doesn't harm others. What approach to ethical decision making does Jeremy use?

  Cmit interconnecting cisco devices

How does the work in a CMIT Interconnecting Cisco Devices course align with your career goals?

  Distribution of sample proportions of fifth grade students

Suppose you know that the distribution of sample proportions of fifth grade students in a large school district who read below grade level in samples of 100

  Requirements for an affirmative action plan

There are differences in requirements for an affirmative action plan in the public and the private sector. What are a few?

  Describe aims of the plan

Describe a philosophy of the plan. Why you are creating this involvement plan? Describe aims of the plan. What you intend to do?

  Methods for establishing base pay in international contexts

Show the strengths and weaknesses of the following methods for establishing base pay in international contexts: home country-based pay, headquarters-based pay, and host country-based pay.

  Distribution system a wireless network

How is the concept of an association related to that of mobility? Is a distribution system a wireless network? Discuss and support your claim?

  Data structure to manage bank accounts

Describe how you could make a data structure to manage bank accounts as described below:

  Second of the three business memos

In this module, you will write the second of the three business memos that you will write for the course.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd