Why do insurance companies charge more for "high-risk" customers? A) Because they are more likely to file claims, costing the company more money With liability coverage only, what will insurance pay for if you cause an accident? B) Damages to another person's car How can you reduce health...
The DP-1 Basic Form covers physical loss to property caused by only three perils: fire, lightning, and internal explosion Mark owns a 4-story office building. Each floor is 15,000 square feet, and he currently rents two of the floors out to a few different companies. Why doesn't Mark'...
Freight insurance provides peace of mind to businesses involved in shipping and receiving goods. It offers protection against unforeseen events that can result in financial losses, helping companies to mitigate risks and maintain the smooth flow of their operations. Additionally, it provides a sense of...
3) Multiple Employer Trusts: Groups covering employees of small companies in the same industry. The trust is the policyholder Non-forfeiture provisions The purpose of non-forfeiture provisions is to provide you with a mechanism whereby all policy values or benefits won't be forfeited, should you...
47) Which of the following statements about captive insurance companies is (are) true? I. A captive insurance company established by a U.S. company must be domiciled in the United States. II. A captive insurance company may be owned by several parents. ...