QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 355 Weeks Ago, 5 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 22 May 2017 My Price 14.00

Types of Insurers and Marketing Systems

Question description

 

1200 words

Part 1

  • What is the meaning of the term reinsurance?
  • Explain the reasons for reinsurance.
  • Explain the term securitization of risk.

Part 2

What unfair trade practices are each of the following insurance agents violating? Explain the terms that you use.

  • Agent Jones offers a client to pay a portion of the premium if the client purchases a policy.
  • Agent Peterson convinces a client to replace a life insurance policy with a new policy that adds little value.

Part 3

Julia owns a building worth $800,000. She insures the building for $300,000 with Company A, $400,000 with Company B, and $100,000 with Company C. There is a fire, and the building sustains $100,000 in damage.

  • How much will Julia collect in insurance?
  • How much will each company pay?
  • What insurance term describes this situation?
  • What is its purpose?

Answers

QuickHelper
(10)
Status NEW Posted 22 May 2017 06:05 PM My Price 14.00

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