25. the grace period for a life insurance policy is never less than a. 15 days b. 30 days c. 45 days d. 60 days
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- Subject: HI6026 AUDIT, ASSURANCE AND COMPLIANCEQuestion: Explain the definition of the audit expectation gap? Then, discuss some approaches to reducing the expectation gap.Ruby obtained a loan of $90,000 towards the purchase of her new home. If the loan was 75% of the purchase price, how much did she pay for the home? O $125,000 (Dollars) O $115,000 (Dollars) O $145,000 (Dollars) O $120.000 (Dollars)Which type of insurance provides protection from third-party claims during construction? Comprehensive General liability Builder’s risk Key-man (key-person) Workers’ compensation Property insurance
- 1. What are the Principles of Control Environment and its implications for business functions? 2. Differentiate the following: a. Systematic Riskb. Unsystematic Riskc. Financial Riskd. Non-Financial RiskConsider an insurance contract with the premium r=$200 and payout q=$800. a.) John has healthy-state income IH = $900 and sick-state income IS = $100. He has a probability of illness p = 0.2. Is the contract fair and/or full for John?In the Ogden Tables for Personal Injury, what does the discount rate represent? a. The severity of the injury b.The rate of inflation from now until the injured person's retirement c.How many years the injured person is expected to live? d. The expected rate of return on investment
- Subject:Risk and Risk Management Distinguish between risk probability, risk impact and risk exposure. Include their impact on Risk Analyses within your answer.Pls help ASAPMr. and Mrs. Trump have applied to the Trustworthy Insurance Co. for insurance on Mrs. Trump's diamond tiara. The tiara is valued at $97,000. Trustworthy estimates that the jewelry has a 2.8% chance of being stolen in any one year. Use expected values to determine the annual insurance premium p. (Round your answer to two decimal places.) p ≥ $
- Q)Examples of risk management on business.27. In establishing Causation between two events, there must be a clear statistically significant connection, one event must precede the other, and ____? a. All other causes must be ruled out. b. There must be plausibility. c. Probability must be greater than or equal to .001 d. They must be correlated.15 If two variables were perfectly correlated, what would the coefficient of correlation r equal? Select one: a. -1 b. 0 c. none of the above d. -1 or 1 e. 1