Insurance companies are regulated under federal insurance laws. True False

Q: Many administrative agencies have law enforcement responsibilities  True  False

A: Law enforcement is the action or activity of compelling observance of or compliance with the law. It…

Q: which option is resulting in a moral risk (dishonesty)? Policyholder’s history of prior losses in…

A: Moral hazard is a situation in which a person involves in some risky event by knowing that his/her…

Q: . What levels of risks are properly and most economically passed on to insurance carriers?

A: Under risk transfer, an individual transfers the potential loss that can be incurred owing to…

Q: An insurance policy purchased directly online is not required to include Premium amount3 Coverage…

A: Answer - Given in the question- An insurance policy purchased directly online is not required to…

Q: PEOs enable small businesses to attain insurance and other benefits at lower costs because the PEO…

A: A professional employer organization (PEO) is a company that leases personnel to an employer,…

Q: Money prices microanalysis about vouch insurance?

A: Vouch Insurance Vouch Insurance is a new kind of startup insurance firm.Vouch's totally digitally…

Q: explain the difference between moral hazard and adverse selection using the example of health…

A: Market Failure refers to economics that can occur due to moral hazard or adverse selection. In any…

Q: The study relating to the procurement of funds and its productive utilization is: A)Insurance…

A: In an economy, money plays a vital role as it is needed to make economics and businesses activities.…

Q: Which of the following would best describe the insurance in risk, to an insurer resulting from a…

A: Insurance in risk refers to the insurance of risk against occurrence of something bad, harmful or…

Q: If you buy an insurance policy with a high deductible and co-payments, you would end up paying a. A…

A: The deductible is the amount you pay out of pocket for covered health-care services before your…

Q: How could two significant aspects of the UK's domestic economy impact an insurance organisation?

A: Insurance : Insurance can be defined as the contract that made between insurer and insured…

Q: An applicant for an insurance producer license is not required to Obtain a bond Successfully…

A: In an insurance market, an individual or a firm enters for their personal behavior and tries to…

Q: Why do the government subsidize insurance companies.

A: The subsidy is the process of providing a sum of money by the government to the firm or the…

Q: What are some ways a seller of labor (that is, someone looking for a job) might reassure a possible…

A: A labor market is a place where the people who are willing to work at the prevailing market wage…

Q: Which of the following is considered insurance producer misrepresentation? A. Switching from one…

A: Insurance company is the financial institutions which help to mitigate the risk of person by…

Q: Which of the following would be a covered loss under the medical payment coverage of a commercial…

A: Commercial general liability is a kind of insurance policy and it provides insurance coverage…

Q: Using an appropriate graph explain how tax exemption affects insurance coverage.

A: Tax exemption refers to some discount or a specific proportion of income become tax-free based on…

Q: The discount policy may create a problem of moral hazard.

A: Since you have asked multiple questions, we will answer the first question for you. If you want any…

Q: The owner of a chain of bicycle stores are uncertain whether on of their shops is covered under…

A: In a market, producers get some security or provision from the government to protect them…

Q: How does worker's compensation fraud affect the cost to all employers required to purchase WC…

A: Employers: It refers to the people who are the owner of the business. The employer will try to…

Q: Distinguish between adverse selection and moral hazard as they relate to the insurance industry

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: insurance is pure liability coverage over and above the coverage provided by other types of…

A: We have to find given question answer.

Q: Nhen buyers of insurance have more information about whether they are high-risk or low-risk than the…

A: While purchasing insurance if one party has more information than other, the situation is called…

Q: he transfer of Pure risk from one party to another best determines the idea of Proximate cause…

A: risk refers to the chance something harmful or unexpected would happen. the risk might involve the…

Q: How do conflicts of interest make the asymmetricinformation problem worse?

A: Asymmetric information refers to the incomplete or misguiding information shared with regarding the…

Q: Which of he following sections of an insurance contract limits coverage? A.Waiver of Premium…

A: An insurance contract is an agreement between two parties, one of whom is known as the insurer and…

Q: Commercial agencies are types of commercial professions that facilitate business transactions. True…

A: Commercial agencies are actually like service professionals that assist in business operations.

Q: Which of the following statements regarding a nonresident insurance producer is CORRECT? 1.The…

A: Insurance producers are authorised to sell and negotiate life, health, property, and other types of…

Q: The ability of insurance to spread risk is limited bya. risk aversion and moral hazard.b. risk…

A: Risk spread refers to combining the risks from one or more sources. It can be attained by the…

Q: How we know that policies offered by private insurance companies are worse than fair game?

A: In a market, when an individual gets insurance policy from the private insurance companies, they…

Q: Economics The presence of co-insurance has the following effect on price elasticity of demand:…

A: When talking about co-insurance, it can be said that it is the amount of money paid by an insured…

Q: Describe some healthcare situations in which an agent has taken advantage of a principal. Then…

A: Principal agent problem occurs when a different individual makes decisions on behalf of someone.  In…

Q: Recognize adverseselection and summarize the ways in whichit can be reduced.

A: Market failure occurs due to several problems such as adverse selection, moral hazard, etc. These…

Q: Discuss the difference between individual coverage and group coverage, fully insured plans and…

A: Health insurance could be a safeguard against rising medical prices. A health insurance plan is a…

Q: Which of he following characleristics is typical of group insurance?   A.Medical examinations are…

A:

Q: Adverse selection occurs in insurance markets because: Multiple Choice the seller has more…

A: Adverse selection refers to the situation in which one party fails to make a optimal choice because…

Q: What benefit do people get from the market forinsurance? What two problems impede the…

A: Future is uncertain and people dislike uncertainty that is the adverse risk. A rational response to…

Q: What benefit do people get from the market for insurance? What two problems impede the insurance…

A: As we all aware that the life of an individual or property are surrounded by the risks in the form…

Q: Question:- Cyber risk insurance that covers both customers and legal settlements would be known

A: Step 1 Cyber risk insurance can be understood as a contract that protects individuals against cyber…

Q: Breifly discuss the factors that determine demand for an insurance policy and how they different…

A: For the salaried people, it was observed that income level, age, sex, race-religion, schooling…

Q: The purpose of the coordination of benefit clause found in group policies is to:    A: promote over…

A: The Coordination of Benefits (COB) clause in group policies is included to eliminate duplication of…

Q: What are some ways a seller of goods might reassure a possible buyer who is faced with imperfect…

A: Following are the ways which reassure the buyer if faced with imperfect information : 1. Money-Back…

Q: How can you use Microsoft Excel and your agility and problem solving skills to understand the level…

A:

Q: Is the Social Security system based on the same principles as private insurance? Why or why not?

A: Social insurance is a government program that provides social security and aid from any losses, such…

Q: Which best describes workers’ compensation insurance?     It is federally mandated but administered…

A: Workers' compensation, or "workers comp," is a government-mandated programme that pays benefits to…