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one requirement for the formation of a valid insurance contract is that the contract must be for a legal purposea
a drunk driver ran a red light and smashed into kristens car the cost to repair the car is 8000 she has collision
megan owns an antique table that has a current market value of 12000 the table is specifically insured for 12000 under
nicholas owns a laptop computer that was stolen the laptop cost 1000 when it was purchased five years ago a similar
ashley purchased a dining room set for 5000 and insured the furniture on an actual cash value basis three years later
jake borrowed 800000 from the gateway bank to purchase a fishing boat he keeps the boat at a dock owned by the harbor
a what is the purpose of other-insurance provisionsb give an example of the pro-rata liability
a describe the following types of deductibles1 straight deductible2 calendar-year deductible3 aggregate deductibleb
a what is an endorsement or riderb if an endorsement conflicts with a policy provision how is this problem
question 1- decision analysisshow all calculations to support your answers you may follow the methods shown in the mp4
a what is the meaning of named insuredb can other parties be insured under a policy even though they are not
a define the term conditionsb does the insurer have to pay an otherwise covered loss if the insured fails to comply
a describe the major types of exclusions typically found in insurance contractsb why are exclusions used by
a explain the basic characteristics of universal life policiesb explain the limitations of universal life
a briefly explain the basic characteristics of ordinary life policiesb why does an ordinary life insurance policy
a briefly explain the basic characteristics of term insuranceb identify the major types of term insurance sold todayc
a explain the meaning of premature deathb identify the costs associated with premature deathc explain the economic
richard age 35 is married and has two children ages 2 and 5 he is considering the purchase of additional life insurance
life insurance policies have different characteristics for each of the following identify the life insurance policy
todd age 28 would like to save money for a comfortable retirement he is considering purchasing a cash-value life
megan age 32 is married and has a son age1 she recently purchased a cash-value life insurance policy that has the
a the human life value is one method for estimating the amount of life insurance to own keeping all other factors
richard age 45 is married with two children in high school he estimates that his average annual earnings over the next
ashley has an individual medical expense insurance policy with a 1000 calendar-year deductible and a 20 percent
assume that a 300000 liability claim is covered under two liability insurance contracts policy a has a 500000 limit of