Dr Nick

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    Kaplan University
    Apr-2009 - Mar-2014

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    University of Santo Tomas
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Category > Business & Finance Posted 17 Jul 2017 My Price 15.00

meaning of the term reinsurance

 

Deliverable Length: 1,200 words (2 pages)   

Due Date: 3/3/2014 11:59:59 PM  CT - MINUM OF 3 REFERENCES APA FORMAT- ORIGINAL WORK PLEASE

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

Dr Nick
(4)
Status NEW Posted 17 Jul 2017 10:07 AM My Price 15.00

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