a. What is the purpose of other insurance provisions? b. Give an example of the pro-rata liability clause. Define DRP and LRP. What are they? What is significant about each? Why are they important to the organization's financing decisions?
Demographics influence the ads you see online and your insurance premiums. Learn more about how businesses, government, and healthcare providers use demographics.
What might you do, specifically, in the areas of pension vesting, vacation and holiday allocation, and life insurance coverage in the effort to reduce turnover? What actuarial adjustments are built into the pricing of life insurance premiums? Which...
Jeff JohnsonOwner of Simple Homebuyers AboutChristopher Boston Christopher Boston is a Senior Manager of Content Strategy and SEO at MoneyGeek. For over half a decade, they have crafted hundreds of articles spanning the higher education, mortgage and personal loan industries. Christopher is passionate...
Insurance expense for which the premium was paid in a prior year Cost of goods sold from the sale of inventory items paid for in a prior year Emergency repairs that were done on December 29, but will be paid when the bill arrives in January The following are a few examples of payments ...
which could result in you receiving an escrow disbursement. A mortgage lender typically requires that you establish an escrow account if you owe more than 80 percent of your home's value when obtaining a mortgage. The account allows you to remit payment for your homeowners insurance premium and...
What is the safest way to pay off high-interest debt? The safest way topay off high-interest debtis through the avalanche method, which focuses on the highest interest balances first while making minimum payments on others. Consolidating debt to secure a lower rate can also be effective. ...
Life insurance coverage is for the loved ones you would leave behind if you pass away. It can help them avoid financial devastation in the event of your untimely passing. While it’s not a situation anyone wants to think about, it’s something worth planning for and keeping in mind. Revie...
Insurance Claim:After an insurance adjuster inspects damage to a home or property, an insurance company will disburse money for repairs, based on the terms and limits of policies such as a homeowner's or automobile policy.3 Business Operations:Disbursement is part ofcash flowand a record of da...
Life insuranceproceeds are tax-free for the beneficiary and are not reported as gross income. However, any interest received or accrued is taxable.2 Life insurance beneficiaries can be individuals, such as a spouse or an adult child, or entities, such as atrust. For example, if you have min...