There is often a question of how insurance proceeds are treated for tax purposes. Different products have different options, which can ultimately affect the amount and timing of an individual's tax responsibility. Answer and Explana...
aggregate deductible Explain the purposes of deductibles in property insurance contracts. Describe a typical coinsurance clause in an individual or group medical expense insurance policy. a. Explain the basic characteristics of universal life policies. b. Explain the limitations of universal life insurance...
Insurance:Insurance is one of the most well-known and widely used methods of risk transfer. It involves the transfer of the potential financial loss to an insurance company in exchange for payment of a premium. The insurance company assumes the risk and provides coverage in the event of a spe...
Tip 2: Share how HSAs can assist COBRA premiums HSAs offer many advantages your employees might not be aware of, such as how HSA funds can be used to pay for COBRA premiums. COBRA coverage enables employees and their families to keep their current employer’s health insurance for up to 3...
bank capital requirements (or a systemic risk insurance fee) be partially based on a financial institution’s contributions to episodes of severe stock market declines. Other researchers have proposed other measures of an institution’s contribution to systemic risk; for example, Tobias Adrian and Mar...
Please explain what Difference in Conditions Insurance (DIC) is used for in the US., then provide some examples. Describe the following types of deductibles: 1. straight deductible 2. calendar-year deductible 3. aggregate deductible Explain the purposes of deductibles in property insurance contracts...
What adjustment(s) will have to be made and on what columns of the worksheet if $300 of $900 worth of prepaid insurance expired in a period? Explain the differences between depreciation expense and the accumulated depreciation. How an expense is different from a loss? Explain the di...
What is the purpose of health insurance and how does it work? What is financial leverage and why is it important? Why might an individual revise his financial plan? Describe the importance of the sustainability of the financial manager.
Explain the difference between adverse selection and moral hazard in insurance markets. Can one exist without the other? Explain the following statement. "The higher the potential return on an investment, the higher the risk." ...
Explain insurance and risk. Discuss the typical risks faced by a firm. 1. Explain the concept of risk premium. 2. What is the difference between premium and deductible? 3. What can you say about the type of individual preferences...