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The main difference between an estate tax and a/an __________ tax is who pays the tax.
inheritance
variance
transfer
easement
Once a loss is paid to the insured, __________ gives the insurer the right to pursue a legal claim against the party who caused the loss to the insured.
subrogation
negotiation
abrogation
novation
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- The table below presents the system in the country of Boonton. The numbers indicate the percentage of income in that bracket that is taxed. For example, someone making $13,000 would be taxed 23% of that amount. Income Earned Tax % applied to that Income Under $15,000 23 $15,001 - $30,000 24 $30,001 - $45,000 25 $45,001 - $60,000 27 If a household in Boonton currently makes $20000, how much do they owe in taxes?What is the major distinction between an employee and an independent contractor? An independent contractor is required to be licensed, bonded and to carry insurance. Independent contractors are hired using contracts, while employees must be in at-will relationships with employers. The employer has the right to control an employee's behavior and how s/he does the job, but an independent contractor has exclusive (or near exclusive) control over the way the job is done. An independent contractor never owes fiduciary duties to a contracting partner.Define deductibles, copayments, and coinsurance.
- A provision included in group disability income contracts bul NOT included in an individual disability income contract is the: A.entire contract provision B.rehabilitation provision C.probationary period D.cost of living adjustmentH applied for a individual major medical policy. When H filed a claim within the first year of coverage and the underwriter noticed that the H's age on the claim form was different than what was listed on the application. The insurer will take which of the following actions regarding H's claim? A: Deny the claim and refund premiums B: Deny the claim, cancel the policy and keep all premiums C: Pay the claim in full and keep the policy as is D: Adjust the claim benefit amount to the insured's correct ageHow would you test the presence of multicollinearity?
- Reinsurer A enters into a quota share agreement with primary insurer P - In this quota share arrangement, P retains 70% of the losses and A assumes 30% of the losses. In a given year, P writes $500 Million of premiums and incurs losses of $100 Million Select all that apply P's share of premiums is $150 Million and P's share of losses is $30 Million. A's share of premiums is $350 Million and A's share of losses is $70 Million P's share of premiums is $350 Million and P's share of losses is $70 Million A's share of premiums is $150 Million and A's share of losses is $30 MillionFor the healthcare organization and medical insurance, Discuss at least three positive and negative impacts of the ACA that must be considered.(b) How is the horizontal form of communication more prominent in Intermountain Healthcare?
- Substanlially true stalements made by an applicant on an Accident and Health application are known as: A.warranties B.representations C.concealments D.waiversWhich of he following provisions of an individual Accident and Heallh policy allows for nonpayment of premiums in lhe event of the insured's total disability? A.Grace Period B.Elimination Period C.Waiver of Premium D.Return of PremiumWhat provision of federal law makes employer-based health insurance even more attractive to most EMPLOYEES who receive it than just the value of the premium? O Insured employees can take a tax deduction for the entire amount paid to doctors for the employee's treatment even if much of the cost was paid by insurance. Employer-based health insurance offers much better coverage than other types of insurance Employer-based health insurance offers lower copays and deductibles than other types of insurance The value of health insurance paid by an employer is not taxable income for the employee
