Why principle of indemnity not applies in life insurance?​

Answers

Answer 1
The indemnity principle means that the policy payout should restore the insured to the same financial position in which he was before the loss happened. Since the value of human life cannot be ascertained, the principle of indemnity does not apply as it is not possible to quantify the loss. WRITE IN YOUR OWN WORDS
Answer 2

Explanation:

The principle of indemnity is not applicable to life insurance because the insurer may pay any amount but the insured cannot be brought back to the same state. Also, the loss of a life is not measurable and no money can indemnify the loss of a life.


Related Questions

what are the six steps to be followed in the bank reconciliation process​

Answers

Answer:

Here are the steps for completing a bank reconciliation:

Get bank records.

Gather your business records.

Find a place to start.

Go over your bank deposits and withdrawals.

Check the income and expenses in your books.

Adjust the bank statements.

Adjust the cash balance.

Compare the end balances.

Explanation:



In 2016, unemployment in Egypt was 12.5% and in Saudi Arabia, it was 5.7%.

A. Explain one way unemployment may have been measured in the two countries.

B. Why may the unemployment rate be higher in one country than another?

C. Explain what should influence the measures that the Egyptian government should take to
reduce unemployment in the country.​

Answers

Answer:

hi sorry but i need more pionts to post my question because im cheating in online exam and i honestly dont know anything pls dont report or delete im not even in high school well i selected high  school by mistake but im in middle school

Explanation:

What does a credit card company consider when you apply for a card? A.Which companies you have credit cards from already B.Whether you will pay off your balance in full every month C.How many credit cards you have applied for D.The name of the company where you work

Answers

B. Whether you will pay off your balance in full every month

One study estimates that if India used the human and physical capital that it does have as efficiently as the United States uses its capital, it would be four times richer than it is today. This demonstrates the importance of:Please choose the correct answer from the following choices, and then select the submit answer button.Answer choicespolitical stability as an important institution.a dependable legal system as an institution.honest government as an institutionpetitive and open markets as an institution.

Answers

Answer:

The correct option is: Competitive and open markets as an institution.

Explanation:

The United States has managed to enhance the country's human capital by opening new markets and providing job opportunities to many people.

Similarly, India needs to create new marketing policies where people are encouraged to prepare, to be more competitive and to work hard to achieve a better socioeconomic development of the country.

India needs to know the market and enhance the formation of human capital.

An insurance company faces an ethical dilemma. A faulty computer program designed to evaluate insurance claims has been denying a high number of valid claims. A meeting has been arranged where senior management would decide how to handle the situation. The people at the table have varying views of what action to take and why. Han wants to report the error and reimburse the affected customers immediately because he believes he could end up being fired if the company's reputation suffers because of the issue. Jamila wants to report the error because it is the honest thing to do, and therefore necessary. After hearing his colleagues' opinions, Keith says he is willing to do whatever the more experienced managers in the group recommend. Several other managers believe the company should correct the problem going forward but not do anything about the customers who lost out on past payments. Which of the following best describes the ethical system used by Jamila to make her decision?
A. universalism
B. utilitarianism
C. egoism
D. virtue ethics
E. relativism

Answers

Answer:

D. virtue ethics

Explanation:

Virtue ethics is the person based. It would show the moral character of the person that carried out the action instead of the duties & rules. Basically a good person is the someone who possessed and Live the virtues

So according to the given situation, Jamila would use the virtue eithics because the  ethical system has come for her decision

Hence, the option d is correct

Pick a Random Company?
I need 2 company names plz help

Yo me and my dad actually got along last night n its been so long sense me and him even talked....

Answers

Answer:

Divine Medince and Medince forest

Explanation:

no matter how mad you or your dad get you need to Cherish each moment with him because one day you will wake up and he won't be there

Question 2 (1 point)
Who benefits from a low interest rate? (Select the best answer.)

The investor
The borrower
The lender
The credit card company

Answers

Answer: The borrower

Explanation:

Answer: The borrower

Explanation:

Traditions and beliefs form an intrinsic part of any __________. For example, Hanukkah, a Jewish festival celebrated by Jewish families, is unique and restricted to its community, but not celebrated by other communities. Such traditions are the foundations of families, which in turn builds the _________.

first space options: economy, government, culture
second space options: government, society, businesses

Answers

Answer:

1st blank: society

2nd blank: culture

Explanation:

example of opportunity cost atlist 3 example​

Answers

Answer:

Someone gives up going to see a movie to study for a test in order to get a good grade. The opportunity cost is the cost of the movie and the enjoyment of seeing it.

At the ice cream parlor, you have to choose between rocky road and strawberry. When you choose the rocky road, the opportunity cost is the enjoyment of the strawberry.

A player attends baseball training to be a better player instead of taking a vacation. The opportunity cost was the vacation.

I hope i helped! xoxo

Which action demonstrates good workplace etiquette?

A.
switching your cell phone off before you enter a meeting
B.
keeping your cell phone on low volume before you enter a meeting
C.
setting a pleasant ring tone on your cell phone before you enter a meeting
D.
setting a standard ringtone on your cell phone before you enter a meeting
E.
excusing yourself to attend a call while a meeting is in progress

Answers

Answer:

A is the answer of the question

The City Parks and Recreation Dept. is planting 20 acres of
new park land. The department is renting a grass seed planter
for $17.50 per acre and a tractor for 3 days at $215 per day.
A 7% usage tax is charged. Find the total rental charge.

Answers

Answer:

$727.60

Explanation:

total rental charge = total cost of renting the grass seed planter + cost of renting the tractor + usage tax

total cost of renting the grass seed planter = $17.50 x 20 = $35

cost of renting the tractor = 3 x $215 = $645

total cost of renting = $645 + $35 = $680

Usage tax = 7% x $680

0.07 x $680 = $47.6

total rental charge  = $680 + $47.60 = $727.60

Which is not a key component of the General Agreement on Tariffs and Trade (GATT)?
A. granting Most Favored Nation Status (MFN) to members
B. raising tariffs
C. reducing and eliminating non-tariff barriers
D. granting national treatment to fellow members

Answers

Answer:

the answer is C

Explanation:

Answer:

The correct answer is c reducing and eliminating non-tariff barriers

Explanation:

Hiring managers spend at least an hour reviewing an applicants résumé.

A. True
B. False

Answers

Answer: False?

Explanation:

Hiring managers spend often 30 sec to 2 minutes reviewing an applicants resume.

Which of the following is a true statement?
A
If your credit score is high, you won't have to repay money you owe.

B
You can access your credit report for free once every month.

C
A landlord can access your credit report to decide if you are financially responsible.

D
Your credit score can never increase, only decrease.

Answers

Answer:

c good luck with the answer

A mismatch between foreign currency denominated net assets and net liabilities Multiple Choice can be eliminated by constructing a balance sheet hedge. can be eliminated by multiplying the foreign currency value of the asset by the spot exchange rate. can be eliminated by undertaking accounting changes to eliminate translation exposure. none of the options

Answers

Answer:

can be eliminated by constructing a balance sheet hedge.

Explanation:

The mismatch could be occurred at the time when the foreign currency and net liabilities would be removed by preparing a hedge of the balance sheet

So according to the given options, the first option is correct as it represent the mismatch situation

So the rest of the options would be considered wrong as they are not related with the mismatch criteria

A charge that is a percentage of the loan amount, usually payable monthly, is called?

Answers

It is called Interest

What is constructive criticism? Give an example

Answers

Answer:

Constructive Criticism for Performance Reviews

Below is an example of constructive criticism for an employee that does not seem as motivated on projects as before. You were always proactive in the projects you take on but I've noticed that you have taken more of a backseat in the last few projects.

Explanation:

When the San Francisco city manager faces a complaint that the city council chamber podium is not accessible to individuals with disabilities, he responds that the $1 million improvement will not happen because "that money could be spent building 70 curb ramps." Which economic principle does this statement best represent? The true cost of something is its opportunity cost. "How much" is a decision at the margin. When markets don't achieve efficiency, government intervention can improve society's welfare. Markets move toward equilibrium.

Answers

Answer: The real cost of something is what you must give up to get it

Explanation:

Based on the information given, the economic principle that's illustrated in the question is "The real cost of something is what you must give up to get it".

It should be noted that the concept of opportunity cost is illustrated. In this concept, for an economic agent to do a particular thing, something else must be forgone. In this case, it is the real cost if what we forgo. For this to happen, a trade off has to occur.

Why do you think the 4 components of media measurement are important?

Answers

Answer:

audience, impression, frequency, and cost per thousand (CPM) 3.

Reach””The number or percent of different homes or persons exposed at least once to an advertising schedule in one or more media vehicles over a given period of time.

Frequency””The average number of times that the household or person is exposed to a media vehicle, schedule or campaign over a given time period.

When advertisers consider running ads in American Life magazine, they have the option of buying geographic and demographic editions as well as the national edition. For instance, they can choose from editions targeted at professional and managers, homeowners, working women, and people aged 50 and older. In addition, they are offered editions for 8 geographical regions and for the top 20 metropolitan areas. American Life also offers multiple - page discounts for advertisers buying four or more consecutive pages in any one edition, as well as other volume discounts. Question: A media planner working for a high-end clothing retailer looks at its sales figures and discovers that a vast majority of its sales generated are from large cities. She decides to buy space in American Life editions that reach only the top 10 metropolitan markets. This media strategy is referred to as:
a. Geo-targeting
b. Flighting
c. Pulsing
d. Share of voice
e. Narrow casting

Answers

Explanation:

sorry but I didn't understand your question. I am extremely sorry

Which of the following is an example of a soft skill?
O A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software

Answers

The ability to work well with project teamwork of the following is an example of a soft skill. The correct option is C.

Soft skills are character traits that help people interact with others positively and successfully. They are immaterial and typically do not pertain to a particular profession or sector of the economy. Soft skills examples include emotional intelligence, teamwork, problem-solving, flexibility, leadership, and communication.

The traits and aptitudes that enable you to work successfully with others during discussions, projects, meetings, or other collaborations are known as teamwork skills. Your capacity for effective communication, attentive listening, responsibility, and honesty are all necessary for teamwork.

Thus, the ideal selection is option C.

Learn more about Soft skills here:

https://brainly.com/question/2949497

#SPJ1

which feature should be used prior to finalizing a presentation to ensure that the audience members with disabilities will be able to understand the message that a presenter is trying to get across

Answers

Answer:

B: Accessibility Checker

Explanation:

Dave works as a traveling pharmacist. He does not work at one pharmacy but fills in all over the country whenever another pharmacist needs a day off. This is an example of a(n)
traditional career
entrepreneurship
remote worker
non-traditional career​

Answers

Answer:

non-traditional career​

Explanation:

The non-traditional career refer to the job where the job could be filled from one gender. According to the Labor US department it means the occupation where the one gender would compromise for lower than 25% of the employed individuals in such occupation

Since in the given situation dave does not work at one pharmacy but want to fill in over the country in the case when the other person needs a day off

So this represent the non-traditional career​

Foreign households and foreign firms demand U.S. dollars in exchange for foreign currency for all of the​ following, except A. when currency traders want dollars because they expect that the value of the dollar in the future to be greater than its current value. B. when U.S. firms and households want foreign currencies so that they can buy goods and services produced in those foreign countries. C. when foreign firms and households want dollars so that they can buy goods and services produced in the United States. D. when foreign firms and households want to invest in the United States either through foreign direct investment or through foreign portfolio investment.

Answers

Answer:

The answer is "Option B".

Explanation:

Foreign people always Want dollars when they want to spend in the United States, or if they want to purchase products and services produced in the United States, or if they want to exchange, in the order to bring about changes in returns. When individuals and businesses in the United States want the hard exchange to purchase products and services produced in other nations.

You have been saving money from delivering groceries for instacart in a savings account to buy a new laptop before going to college. What is the function of money?

Answers

Answer:    Store of value

Explanation:

An increase in the expected rate of inflation: shifts the short-run Phillips curve down. shifts the short-run Phillips curve down. shifts the short-run Phillips curve up shifts the short-run Phillips curve up moves us along the short-run Phillips curve to higher rates of inflation. moves us along the short-run Phillips curve to higher rates of inflation. moves us along the short-run Phillips curve to higher rates on unemployment moves us along the short-run Phillips curve to higher rates on unemployment shifts the long-run Phillips curve to the left.

Answers

Answer:

shifts the short-run Phillips curve up

Explanation:

The Phillips curve is a graph that shows the relationship between inflation and unemployment. In the short run, there is an inverse relationship between inflation and unemployment. The Phillip curve submits that high inflation is the cost to pay for economic growth. economic growth is accompanied by low unemployment. In the long run, there is no trade-off between inflation and unemployment.

An increase in expected inflation leads to an upward shift of the Phillips curve in the short run. Unemployment would stay unchanged. While a decrease in expected inflation leads to a downward shift of the Phillips curve

Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation  

4. Savings are particularly important to young people because:
A. Compounding increases the return
B. They need to buy so many things
C. They are usually poor money managers
D. They usually earn minimum wage

Answers

Answer:

I think it's D

Explanation:

because savings are in the beginning of their financial lives,”

I hope this helped u :)

If a country in Europe receives foreign aid from the government of another country then the country has a
trade surplus.
O trade deficit.
O positive or favorable balance of payments.
O negative or unfavorable balance of payments.

Answers

Answer:

positive or favorable balance of payments.

He is sincere change into Negative plssss​

Answers

He is not sincere.

This is the negative form of the sentence.

Review the information in the chart with reasons for and against adding juice boxes to the high school lunch menu.A 2-column table with 3 rows. The 1st column is labeled In Favor of Adding Juice Boxes with entries Juice boxes are an alternative for students with dairy allergies, Juice boxes are an easy way to increase fruit offerings on the menu, and Juice boxes are made from recyclable materials. The 2nd column is labeled Against Adding Juice Boxes with entries The serving size of a juice box is insufficient for high school students, The cafeteria already offers three fruit options as side dishes, and blank.Which statement completes the chart

Answers

Answer:

D. Juice boxes contain too much sugar to be considered a nutritious fruit choice

Explanation:

bc it’s the only option against juice boxes

Answer:

D

Explanation:

Because logic... try it sometime

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