help asap When is a Vacancy Permit required in order to continue fire insurance on a property?OA) When the occupant has left on a six-month vacation and no one has moved in to take care of the property.B) When the occupants have moved out and do not intend to return.OC) When the insured has moved out with one half of the contents and left his wife with only half of the housefurnished.OD) When the occupant has been transferred to another location and resides in the premises only on weekends. What type of automobile insurance should you offer to the owner of a business who does not own an automobile but whohas employees who may drive their own automobile on company business?OA) O.P.F. 6 Non-owned Automobile Form.OB) O.A.F. 2 Driver's Form.OC) O.A.P. 1 Owner's Policy.OD) There is no policy available to someone who does not own an automobile.

The situation where a Vacancy Permit would be required in order to continue fire insurance on a…

Answered: what type of automobile insurance…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 37P

See similar textbooks

Similar questions

Your insured telephones to report his/her parked car was struck by a hit-and-run vehicle and badly damaged. The incident was not witnessed and no details are known of the vehicle or driver causing the damage. What coverage under your insured's automobile policy, O.A.P. 1 Owner's Policy, would be needed for the damage to your insured's car to be covered? OA) Direct Compensation-Property Damage Coverage (Section 6). OB) Specified Perils (Section 7.1.2 A). OC) Collision (Section 7.1.2 C). OD) Uninsured Automobile Coverage (Section 5).
What would be the purpose for a cashier’s well (pit or bucket) in a hotel that has no property management system? Why would a hotel that has a property management system in place also have a cashier’s well (pit or bucket
A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance weather pure parametric aggregate loss index parametric index
A national survey indicated that 30% of adults conduct their banking online. It also found that 40% are under the age of 50, and that 25% are under the age of 50 and conduct their banking online. A. What is the probability that an individual conducts banking online given that the individual is under the age of 50? B. Are Banking Online and Age independent? Explain.
Which of the following best defines risk management? * A physical feature or operational attribute that renders an entity, asset, system, network, or geographic area open to exploitation or susceptible to a given hazard. The management of the consequence of something happening, described in either quantitative terms of probability or frequency. The potential for an unwanted outcome resulting from an incident, event, or occurrence, as determined by its likelihood and the associated consequences. A process of identifying the potential for an unwanted outcome, determining what to do about it from among the available alternatives, and then doing it.
If a borrower has a home equity conversion mortgage, also known as a reverse mortgage, and lives in an assisted living or nursing facility for more than a year, the borrower: A) will be required to repay the balance owed on the reverse mortgage. B) will be required to make payments on the balance owed on the reverse mortgage, C) is permitted to allow the borrower's child to remain in the home and keep the mortgage open. D) is permitted to receive higher payments from the mortgage lender to pay for the assisted living or nursing facility.
A mortgage loan in which a large portion of the borrowed principal is repaid at the and of the loan period is known as at A) FHA mortgage. B) balloon mortgage. C) qualified mortgage. D) deferred-payment mortgage.
Your insureds occupy a single family detached dwelling. For economic reasons, they are considering renting the finished basement to a tenant. What affect will this have on their Homeowners Policy? O A) None at all. Renting part of a dwelling is not considered a commercial activity. O B) They will have to install a smoke detector in the basement and the policy will then be in full force. O C) The policy will have to be cancelled and re-issued on a Secondary Dwelling form. O D) The policy must be endorsed to declare it is no longer a single family, owner- occupied dwelling."
6.Assume that you are a hotelier who has a group booked at your hotel. The group has picked up all of its originally requested rooms and is now requesting additional rooms at the same reduced rates you originally agreed to when their group rooms contract was signed. You do have rooms available to fulfill the group’s new request, but you know those remaining rooms could now be sold to the general public at rates much higher than those being paid by the group. What factors would you consider prior to granting, or not granting, this group’s request for additional rooms? 7.Some hotels state that they guarantee room availability (but not room type availability) when a guest arrives with a guaranteed reservation. Name one advantage of such an approach. Name one disadvantage. 8.Some hotels’ FOMs authorize their front office agents to adjust room charges up to the amount of a guest’s total charges for their stay. Other FOMs limit the dollar amount of adjustment that can be made without…
A lender must issue an adverse action to the customer If the customer makes an inquiry about a loan and if the lender has: A) anytime there is an Inquiry for a loan and the adverse action will have a deadline to apply for a loan. B) not performed any analysis and told the customer they have to apply for a loan first before the loan officer can speak to them. C) evaluated specific information about the customer and communicated that they will not qualify for a mortgage. D) evaluated specific information about the customer and communicated to the consumer the various programs that they may qualify for but the customer does not want to move forward.
You drive a 4 year old truck valued at $15,000. You have a $70,000 personal automobile policy with $12,000 per-person medical payments coverage and both collision ($500 deductible) and comprehensive coverage. Your neighbor drives a five-year old SUV valued at $10,000. Your neighbor has a 25/50/15 automobile policy with $15,000 in medical payments coverage and both collision ($200 deductible) Early one morning your neighbor was driving down the street while you were driving the opposite way to drop your friend off at her house and your neighbor swerved into your lane and struck your vehicle. Below you will find the damage caused by the accident:Your Bodily Injury: $7,000Your Friend’s Bodily Injury: $25,000Your Car: $8,500Neighbor’s Bodily Injury: $3,000Neighbors Car: $9,000Using the information above, find the following:a) How much will your policy pay for your bodily injury? blank1 - Numeric Answer Please type your answer to submit b) How much will your policy pay for your…
6. From taking care of risk perspective what should be done if the Impact of risk is high and likelihood of risk is low? A. Terminate B. Transfer C. Take more D. Communi cate 7. From taking care of risk perspective what should be done if the Impact of risk is low and likelihood of risk is low? A. Terminate B. Transfer С. Тake more D. Communi cate 8. The National Audit Office's report, Supporting Innovation: Managing Risk in Government Departments, mentions the risks that are most commonly identified by dep choice possible) A. Operational risk nt: financial risk, project risk, reputation-risks to and . (multiple ....... В. Market risk C. Missing an D. Complianc e risk opportunity risk

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

SEE MORE TEXTBOOKS