How can you use Microsoft Excel and your agility and problem solving skills to understand the level of risk involved in selecting the appropriate insurance to achieve your goals. How will problem solving, productivity, technology, and agility help you achieve your personal and professional goals

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

A: Nonresident Agent — an agent who is authorized in a house in which the person doesn't reside.

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: How much is deducted each month from his paycheck for medical insurance?

A: Annual insurance payment by Company = 3,300 x 80% = 2,640 Annual insurance payment by David = 3,300…

Q: Economics Use the following information to determine the costs to you and/or to the insurance…

A: . You attend your doctor for a Routine Physical $250 for the extended office visit and $200 for the…

Q: What is an actuarially fair insurance policy?

A: Insurance is a way of defending against economic risks. It is a contract through which an individual…

Q: Suggest a relevant government policy in Barbados that would yield the efficient outcome and…

A: Public goods cause market disappointments if a small number of purchasers opt not to pay and instead…

Q: Questions 4 & 5 Michelle owns a house in which she keeps valuables worth 100,000 which can get…

A: We are going to calculate Certainty equivalence, Risk premium to answer this question.

Q: If you understand the principles of insurance, you will understand why it probably makes sense to…

A: According to the principles of Insurance, we try to secure that asset, like House, Car, and another…

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: 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: Suppose you have $5,000 as a gift from your parents just after you graduate. You have a car, your…

A: Insurance is a contract in which a person pays a firm and the company agrees to pay money if the…

Q: 2018 2019 Insured? Average Insured? Average Expenditures $4,000 Expenditures Chemistry No Yes $6,000…

A: Moral Hazard is basically a situation where there is a possibility of a change in behaviour when one…

Q: What advantage do you have if you begin investing for retirement at a young age? There is no…

A: The various entities in the economy earn income through different ways, and avenues, and they have…

Q: insurance creates wealth

A: Insurance is a financial instrument that protects an individual from unwarranted losses due to a…

Q: William purchased a universal life policy on his own life. When his son Ben turned 25, William…

A: Answer -   Taxable Income:- The total income generated by an individual or a firm . If the total…

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: 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: How much is Jane’s deductible?  What percentage of the bill does Jane’s health care plan pay once…

A: When Jane hasn't reach her deductible, then:- Office costs= $125 Jane pays= $125 Her plans pays= $0…

Q: Explain why asymmetric information can lead to moral hazard and adverse             selection, and…

A: Assymetric information arises when often one parities have more information than other parties…

Q: Write note on the following to develop ERM for a company: 1. Risk identification 2. Risk…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt first three questions.…

Q: Explain the nature and consequences of asymmetric information in a market for used appliances.…

A: Asymmetric information: It refers to defective information. Specifically, it happens when one party…

Q: Reducing the cost of medical care through insurance coverage reduces its usage. Select one: True…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Describe an example of adverse selection that we may run into in the real world.

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

Q: 4. What kind of liability insurance protects you now as an EMT and paramedic in your clinical sites?

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: The type of credit insurance that landed AIG into trouble in 2008 is known as   Question 8 options:…

A: Credit insurance:- Credit insurance is a form of insurance plan which a borrower purchases to pay…

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: Discuss the importance of ERM as one innovative strategy that healthcare managers would apply to…

A: Risk management and excellent healthcare are inextricably linked. Healthcare administrators and…

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: Insurance companies are regulated under federal insurance laws. True False

A: This statement is false.

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: What is an insurance premium?

A: Insurance is a method that households and firms use to prevent any single event from having a…

Q: What type of insurance plan does this insured hold ? O. Health Maintenance Organization O.…

A: Health Maintenance Organization is a group health insurance coverage offered by a health maintenance…

Q: The key concept that explains why individuals choose to obtain insurance and why they may be less…

A: The abundance of valuable financial assets or physical items that can be turned into a form that can…

Q: Insurance needs change throughout a person’s lifecycle because people’s needs change.  True or…

A: An arrangement through which a guarantee of compensation is provided for specified damage or illness…

Q: How can insurance companies offer a guarantee to pay for certain medical expenses? How do they…

A: Insurance companies offer to cover for the risks. The company main aim to minimize the risk of the…