ability Act (HIPAA), which of the following plans does NOT qualify as creditable coverage? rice

Q: what is the major difference and the major similarity between the vested benefit obligation and the…

A: Explain the similarities and the differences between Projected Benefit Obligation and Accumulated…

Q: What is the main purpose of modes of extinguishment

A: Introduction Extinguishment of obligation; A legal right, interest, or contract is extinguished…

Q: At what point would it be necessary to purchase a Personal Liability Umbrella policy?

A: Umbrella policies are relatively inexpensive so they are worth the inevstment.

Q: Is recover compensation within? compensation Inco ne ontion from in uranoe

A: Recovery compensation refers to the recover or regain through the agency of government against all…

Q: What kind of insurance  forms may not be included in the comprehensive forms?

A: Insurance: Insurance is the protection against an individual or an asset for the financial losses…

Q: Briefly explain the difference between an insurance and an assurancepolicy?

A: Insurance policy and Assurance policy are two different policies.  Insurance policy provides…

Q: Describe the Comprehensive General Liability Insurance?

A: Answer: Comprehensive general liability insurance is an old concept for general liability insurance,…

Q: In what circumstance would a property insurance claim be rejected?

A: An insurance claim is a written request for coverage or compensation from an insurance company for a…

Q: Which of the following types of insurance does NOT involve a contract with an external party? a.…

A: Introduction Insurance is a form of risk management that helps to protect individuals and businesses…

Q: Differentiate between “Compensatory contract” and “Non-Compensatory contract”. Does the concept of…

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: Obligations for which the amount of the future sacrifice is so uncertain that it cannot be measured…

A: Obligations for which the amount of the future sacrifice is so uncertain that it cannot be measured…

Q: A covered member or covered person does not include which of the following

A: A covered member or covered person  generally refers to an individual who is protected under a…

Q: explain personal security exemption as one of the most commonly-litigated exemption.

A: The answer is stated below:

Q: 21. What is the form that filled out by insured if a loss is suffered? *

A: Takaful is a sort of Islamic insurance in which members combine their funds to protect one another…

Q: Which of the following statements is true regarding insurance regulation?

A: The regulation of the insurance business is an essential component of the industry, with the main…

Q: Differentiate between the contract and concept of Takaful and Conventional Insurance

A: Insurance refers to the contract in which the insurer provides the risk protection facility to the…

Q: To be recorded as a liability, does the obligation have to be absolute?

A: Accounts payable, short-term loans, interest payments, bank overdrafts, and other similar short-term…

Q: What is Umbrella Excess Liability?

A: Umbrella Excess Liability policy refers to a liability insurance policy that safeguards the assets…

Q: Plan forfeitures under a defined benefit plan may be allocated to rem manner or go towards reducing…

A: A defined benefit plan refers to the plan which is based around the employer who pays a defined sum…

Q: Is limited liability the same as "no liability"?

A: the liability of the company is generated when the payment that is to be made by the company gets…

Q: What types of fees and conditions are prohibited under RESPA?

A: Real Estate Settlement Procedures Act (RESPA)? The Real Estate Settlement Procedures Act, or RESPA,…

Q: They are the Defined Contribution Plans and Defined Benefit Plans. What are the distinct differences…

A: Retirement plans are segregated into 2 plans Defined Benefit Plan (DBP) Defined Contribution Plan…

Q: Differentiate between long term liability and short term liability?

A: First of all, let is understand what a liabilty is - Any amount or sum a business or company  is…

Q: Under IFRS 4, what are the three important elements of an insurance

A: IFRS 4 - Insurance contracts refers to international financial reporting standard on insurance…

Q: In determining the present value of the prospective benefits (often referred to as the defined…

A: Defined benefit obligation means a defined plan of contribution from employer to employees'…

Q: Is it possible to distinguish between long-term liability and short-term responsibility?

A: The Answer:

Q: What are the two obligations of postretirement plans?

A: Defined benefit pension plans are the retirement designs that include providing a fixed and…

Q: Describe the obligations of postretirement.

A:

Q: In accounting for revenue recognition under ASC Topic 606, revenue can be recognized before a…

A: Solution: In accounting for revenue recognition under ASC Topic 606, revenue can be recognized…

Q: What will making a prepayment for insurance have the effect of?

A: The insurance paid in advance means the expense has been paid but it is not due yet.

Q: why has insurance delined as arisk fincaing technique

A: Insurance is a protection that is offered by a company (insurer) to the buyer (insured) in lieu of…

Q: How do defined-benefit plans differ from defined contribution plans?

A: For long, pension has been taking care of post-retirement needs of a large section of retirees.…

Q: Captive insurance companies provide solutions to problems associated with availability with specific…

A: The answer is True. Captives can be used to insure risks that are too small to justify the cost of…

Q: Which of the following does not increase the Projected Benefit Obligation?   Actuarial loss on…

A: Solution: Following would increase the projected benefit obligation: 1. Actuarial loss on benefit…

Q: 2) Explain why offer and acceptance is essential to the formation of a binding insurance contract?

A: An insurance contract is a legally binding agreement between the insurer and the insured. It is a…