Types of exclusions typically found in insurance contracts

Reference no: EM131047875

a. Describe the major types of exclusions typically found in insurance contracts.
b. Why are exclusions used by insurers?

Reference no: EM131047875

Questions Cloud

Two options-down payment and monthly payments : You plan to purchase a home for S500,000 and finance it with a 30 year mortgage at 6% interest rate with zero points. You'll make 20% down payment, and monthly payments. Your bank offers you the following two options: Option 1: mortgage rate of 5% a ..

Insured fails to comply with the policy conditions : a. Define the term "conditions."

Determining whether to invest in a custom : What should the university consider when determining whether to invest in a custom, packaged, or outsourced system solution?

Single business transactions impact on the balance sheet : Consider a single business transaction’s impact on the balance sheet. Which of the following could NOT possibly occur as a result of this single transaction? An increase in an asset and a decrease in an asset. A decrease in stockholders' equity and a..

Types of exclusions typically found in insurance contracts : a. Describe the major types of exclusions typically found in insurance contracts.b. Why are exclusions used by insurers?

Change in the bond price in dollars and percentage terms : A $1000 face value corporate bond with a 8% coupon (paid semi-annually) has 6 years to maturity. 1 has a credit rating of AA with a yield to maturity of 4%. The firm is likely to lose its rating and drop to an "A". The appropriate yield corresponding..

Calculate the dirty price for the T-Note : On October 20,2013 you purchase a S10,000 T-note that matures on July 1,2016. The coupon rate on the T-note is 6% and the price at which you buy is 102:24. Calculate the accrued interest due to the seller from the buyer at the time of purchase. Calcu..

Explain the basic characteristics of universal life policies : a. Explain the basic characteristics of universal life policies. b. Explain the limitations of universal life insurance.

Treasury securities from a correspondent bank : Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price of $ 9,750,000, with a promise to back them back at a price of $20,000,000. Calculate the yield on repo if it has a 7 days..

User Account

All Pages