Where do insurance companies get the money to pay for losses suffered by their customers?

Answers

Answer 1

Answer:

Through the Insured premium paid

Explanation:

Insurance is a form of contract where the insureds are indemnified by the insurer against potential future losses.

The primary way through which insurance  generate money is through the premium , which is the amount of money that is periodically contributed by the policy holders. This premium is thereafter re-invested into other profit generating investment portfolio.

It is from this that the insurances pull out money for compensation for losses suffered by their customers whenever there is one.


Related Questions

Which best describes a mixture?
ООО
It has a single composition, and it has a set of characteristics that does not change.
It can have different compositions, but it has a set of characteristics that does not change.
It has a single composition, but it has a set of characteristics that does change.
It can have different compositions, and it has a set of characteristics that does change.

Answers

Answer: it can have different compositions, and it has a set of characteristics that does change.

Explanation:

A mixture is form when other substances are being mixed together. In such scenario, it has different composition and it characteristics are been altered.

Therefore, the option that best describes a mixture is option D "It can have different compositions, and it has a set of characteristics that does change"

Answer:

D.

Explanation:

checking deposits generally have a _____return on investment than do certificates of deposit because checking deposits are________liquid.

Answers

Answer:

your answer

Explanation:

lower return and more liquid

Checking deposits generally have a lower return on investment than do certificates of deposit because checking deposits are more liquid. When you deposit money into a checking account, you are essentially loaning your money to the bank, which can then use those funds to lend to other customers or invest in various financial products.

In exchange for the use of your money, the bank may pay you a small amount of interest on the balance of your account. On the other hand, certificates of deposit (CDs) are financial products that require you to deposit a specific amount of money for a fixed period of time, ranging from a few months to several years. In exchange for agreeing to keep your money in the CD for that period of time, the bank will typically offer a higher interest rate than what you would receive on a checking account. However, the tradeoff is that you cannot withdraw your money from the CD without paying a penalty fee until the end of the CD term.
The reason why checking deposits are generally more liquid than CDs is because they are designed to be used for day-to-day expenses and transactions, such as paying bills or withdrawing cash from an ATM. CDs, on the other hand, are intended for long-term savings and should only be used if you are comfortable locking up your funds for a certain period of time. Overall, both checking deposits and certificates of deposit have their own advantages and disadvantages, and the best choice for you will depend on your individual financial goals and needs.

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Imagine a product or service you are not happy with. Which of the following is NOT a step you should take to make a consumer complaint?
Select one:
a. be sure to identify the problem and a fair solution to solving
b. go to the store manager and threaten legal action
c. have back up material to substantiate your claim

Answers

b i think is the answer

is the object speeding up?​

Answers

can you finish the question please

2 Type the correct answer in the box. Spell all words correctly. Which law regulates online credit reporting in the United States? regulates online credit reporting in the US. ​

Answers

Answer:

The Fair Credit Reporting Act

Explanation:

The Fair Credit Reporting Act (FCRA) is the law that regulates online credit reporting in the United States. It was passed in 1970, and it helps in ensuring the privacy, fairness, and accuracy of the data in consumer credit bureau files. This law provides guidelines on the way credit bureaus can collect and share information on an individual customer.

The FCRA protects the rights of consumers to access their own credit reports.

1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.

Answers

No, the average price of goods does not decrease when inflation decreases from 10% to 5%.

Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.

The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.

Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.  

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information collected for the first time for a marketing research study to solve a particular issue is called: a) secondary data b) primary data c) real data d) experimental data e) database marketing

Answers

Information collected for the first time for a marketing research study to solve a particular issue is called primary data. Here option B is the correct answer.

Primary data is original information collected specifically for the research study at hand. It is gathered through various methods such as surveys, focus groups, observations, and experiments.

This data is unique to the research project and has not been previously published or analyzed. It is often used to address specific research questions and provides insights into the target market and their behavior. Secondary data, on the other hand, is information that has already been collected for another purpose and is used in a marketing research study.

This data can come from sources such as government reports, industry reports, and publicly available databases. Secondary data is often easier and faster to obtain than primary data, but it may not be directly relevant to the research problem being studied.

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what were capital resources in the kingdom of mocha

Answers

Answer:

Bartering and the use of natural resources

Explanation:

It is correct

Which of the following external forces is a part of a firm’s task environment? Multiple Choice the composition of the strategic group to which the firm belongs the interest rates prevalent in the economy in which the firm operates the inflation level in the economy in which the firm operates the recent innovations in process technology, including lean manufacturing

Answers

The external force that is a part of a firm's environment is the  the composition of the strategic group to which the firm belongs.

What is a firm?

A firm can be referred to as a business organization that was put in place or developed solely for the sake of making profits.

The firm has to have a good strategic group as a part of its environment. It is one of the factors that would help it to succeed.

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Airline companies recognize that empty seats represent lost revenues that can never be recovered. To avoid losing revenues, the companies often book more passengers than there are available seats. Then, when a flight experiences fewer no-shows than expected, some passengers are 'bumped' from their flights (are denied boarding). Incentives are provided to encourage passengers to give up their reserved seat voluntarily, but occasionally some passengers are involuntarily bumped from the flight. Obviously, these incidents can reflect poorly on customer satisfaction. Suppose Southwest Airlines would like to estimate the true proportion of involuntarily bumped passengers across all domestic flights in the industry. In a pilot sample of 819 domestic passengers, 763 were involuntarily bumped. What is the estimate of the population proportion and what is the standard error of this estimate? 1) Estimate of proportion: 0.068, Standard error: 0.0088. 2) The true population proportion is needed to calculate this. 3) Estimate of proportion: 0.068, Standard error: 0.0003. 4) Estimate of proportion: 0.932, Standard error: 0.0003.

Answers

The estimate of the population proportion of involuntarily bumped passengers is 0.932, and the standard error of this estimate is 0.0003.

To estimate the proportion of involuntarily bumped passengers across all domestic flights, Southwest Airlines conducted a pilot sample of 819 domestic passengers, out of which 763 were involuntarily bumped. The estimate of the population proportion can be calculated by dividing the number of passengers who were involuntarily bumped by the total sample size. In this case, the estimate is 763/819 ≈ 0.932.

The standard error of the estimate is a measure of the variability or uncertainty associated with the sample estimate. It can be calculated using the formula:

√[(p * (1-p)) / n]

where p is the estimated proportion and n is the sample size. Plugging in the values, we get:

√[(0.932 * (1-0.932)) / 819] ≈ 0.0003

Therefore, the standard error of the estimate is approximately 0.0003.

In summary, the estimate of the population proportion of involuntarily bumped passengers is 0.932 based on the pilot sample of 819 passengers, with a standard error of 0.0003. This estimate provides insight into the proportion of passengers who are likely to be involuntarily bumped across all domestic flights in the industry.

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if people demand fewer netflix subscriptions when the price of hulu subscriptions falls, then netflix and hulu are:

Answers

If people demand fewer netflix subscriptions when the price of hulu subscriptions falls, then netflix and hulu are are competing products in the streaming video market.

What do you mean by competing products ?

Competing products refer to products that are similar in nature and offer the same type of value to the customer. These products are typically offered by two or more companies, and the customers have to choose between them. Competing products can be in the same price range, or they can differ greatly in price. Customers often compare the features and prices of competing products before making a purchase. Competing products can also compete on other factors such as reliability, durability, and customer service. Companies must focus on creating unique products that offer more value than the competition in order to remain competitive in the market.

This suggests that they are substitutes for each other, meaning that when the price of one service decreases, it causes people to switch to the cheaper option.

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In response to threats from such companies as Amazon, established manufacturers and retailers became "brick-and-click" oriented by adding online services to their existing offerings. This is known as ________. Group of answer choices

Answers

Answer:

Re-intermediation

Explanation:

Re-intermediation is the method applied by most businesses in using the internet to bring together new customers for a business. The advent of technology can afford business owners the possibility of eliminating physical intermediaries in a business. For example, house agents help people who are seeking for new places to live in, find houses easily. Through the internet, however, landlords can directly advertise their vacant houses, thus eliminating the agent relationship which would have served as an intermediary.

So, when established manufacturers by-pass Amazon (which is an intermediary between buyers and sellers) by adding online services to their existing offerings, they have done a re-intermediation.

since beijing now boasts a large number of pet dogs, there are more than 300 shops for odd pet-care products. this sentence correctly uses conjunctions and punctuation.

Answers

The sentence "Since Beijing now boasts a large number of pet dogs, there are more than 300 shops for odd pet-care products" is grammatically correct.


The sentence uses the conjunction "since" to indicate a causal relationship between the increase in pet dogs and the number of pet-care shops. The comma after "dogs" separates the dependent clause from the independent clause. The sentence is also correctly punctuated with a comma after "shops" to indicate the end of the independent clause.

A possible revision could be, "Since Beijing now boasts a large number of pet dogs, and there are more than 300 shops for odd pet-care products, it demonstrates the growth in demand for pet-related services." Here, the conjunction "and" connects the two related ideas, and proper punctuation is used to create a more coherent sentence.

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Dnstrstdhfgjfuufuufdydydyufcjcjigjvcjfrdgddfhh

Answers

Answer:

akvsgsssgsuajawgwgwjwiwbwiqk

Mexico, Brazil, and Argentina all have __________ development.
A.
high
B.
medium or average
C.
low
D.
very low

Please select the best answer from the choices provided
A
B
C
D

Answers

Answer:

Hey Friend.....

Explanation:

This is ur answer....

A. High

Hope it helps!

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Follow me! :)

NEED HELP AS SOON AS POSSIBLE

NEED HELP AS SOON AS POSSIBLE

Answers

Answer:it is 10,000

Explanation:

Answer:

Q1: Total assets= 25,200

Q2: Total liabilities = 16,500

Explanation:

Q1: Add all your assets to get total assets

Q2: Add all your liabilities to get total liabilities

Q3: Your net worth, quite simply, is the dollar amount of your assets minus all your debts. You can calculate your net worth by subtracting your liabilities (debts) from your assets. If your assets exceed your liabilities, you will have a positive net worth. Conversely, if your liabilities are greater than your assets, you will have a negative net worth.

25, 200-16,500=+8700

T/F : monopolists are said to be allocatively inefficent because they produce where mr > mc

Answers

The correct answer is True, monopolists are said to be allocative inefficient because they produce where MR (Marginal Revenue) is greater than MC (Marginal Cost).

This means that they are producing less than what is socially optimal, resulting in a deadweight loss or inefficiency in resource allocation. The reason why monopolists operate in this way is that they have the ability to set prices above the marginal cost of production due to the absence of competition. In a perfectly competitive market, firms produce where P (Price) is equal to MC, which leads to an optimal allocation of resources and consumer surplus. However, in a monopoly, the price is higher than the marginal cost, resulting in a lower quantity produced and a higher price for consumers. This leads to a reduction in consumer surplus and an increase in the monopolist's profits. Therefore, it is important for governments to regulate monopolies and promote competition to ensure an efficient allocation of resources and fair prices for consumers. This can be done through antitrust laws and policies that promote competition, such as breaking up monopolies or imposing price controls.

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You are working on finding x in the diagram above. You come up with the equation: 9y + 7 = 2y + 98. Your friend who has just started Algebra is blown away and doesn't understand how you came up with the equation. Explain to your friend how you found the equation and how to solve it.

You are working on finding x in the diagram above. You come up with the equation: 9y + 7 = 2y + 98. Your

Answers

Answer:

Vertically Opposite angles

Explanation:

Required

Why is

\(9y + 7 = 2y + 98\)

The relationship between 9y + 7 and 2y + 98 is that both angles are vertically opposite

In geometry, vertically opposite angels are equal

In other words, if a and b are vertically opposite angles, then a = b

So, we can say that:

\(9y + 7 = 2y + 98\)

because they are vertically opposite


When should a person proceed with a
choice in terms of marginal benefits
and cost?
O when the market is high

O when there is no difference

O when the benefits outweigh the
cost

Answers

Answer:

when the difference outweighs the cost

The Fair Labor Standards Act does not cover which of the following?

unemployment compensation

child labor

minimum wage

overtime pay

Answers

Hello! The Fair Labor Standards Act (FLSA) does not cover "unemployment compensation." FLSA is a federal law that establishes various labor standards, including minimum wage, overtime pay, and child labor regulations.

The Fair Labor Standards Act (FLSA) is a federal law that establishes minimum wage, overtime pay, recordkeeping, and child labor standards for employees in the private and public sector. However, it does not cover all types of compensation and labor practices. Specifically, the FLSA does not address unemployment compensation, which is a benefit provided by state governments to eligible individuals who have lost their jobs. Additionally, while the FLSA sets rules for child labor, it does not apply to all child labor situations. For example, children who work in family businesses or agricultural jobs may be exempt from certain FLSA provisions. Overall, the FLSA plays a critical role in ensuring fair and equitable labor practices, but it is important to understand its limitations and exceptions.


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Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options? A life insurance policy that has a level premium but allows the policyowner to choose from a selection of investment options is known as Variable Life.

Answers

Variable Life Insurance is a type of life insurance that allows the policyowner to have level premiums and to also choose from a selection of investment options.

This type of life insurance offers the policyowner a great deal of flexibility in terms of their investment options and the ability to control their premiums.

With Variable Life Insurance, the policyowner is able to invest a portion of their premiums in different investment options. These investment options typically include stocks, bonds, and mutual funds.

The policyowner can also choose to invest in multiple different options at the same time. This allows the policyowner to diversify their investments and maximize their potential returns. Additionally, policyowners can adjust their investments over time to better reflect their current needs.

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Why does no one like me? i need answers.​

Why does no one like me? i need answers.

Answers

um I don’t know u very pretty tho

Answer:

nobody likes me either lol

Monarch company uses a weighted-average perpetual inventory system and has the following purchases and sales: january 1 20 units were purchased at $10 per unit. January 12 12 units were sold. January 20 18 units were purchased at $11 per unit. What is the value of cost of goods sold?.

Answers

Cost of goods sold = 12 units * $10 per unit = $120

Average cost = [(8 $10) + (18 $11)]/26 units = $10.69/unit

Ending inventory = 26 units * $10.69/unit = $277.94

the value of cost of goods sold is $278. So correct answer is $278.

What costs do you refer to?

The cost of materials, labor, services, products, equipment, and other commodities used by a company or other accounting entity is defined in accounting as the dollar amount of purchases made for those things. It is the amount that is stated as the invoice price and is noted in the bookkeeping records as an expense or asset cost basis.

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To help managers make their employees' jobs more interesting and motivating, J. R. Hackman and G. R. Oldham developed a framework known as the job ______ model.

Answers

To help managers make their employees' jobs more interesting and motivating, J. R. Hackman and G. R. Oldham developed a framework known as the job characteristics model.

G.R. Oldham was an eminent English geologist who made significant contributions to the field of geology in the late 19th and early 20th century. He was born on July 29, 1858, in Dublin, Ireland, and completed his education at the Royal School of Mines in London. He was also the president of the Geological Society of London in 1904 and served as the director of the Geological Survey of India for several years. Oldham died on July 15, 1936, in Bognor Regis, England, leaving behind a legacy of scientific excellence in the field of geology.

Oldham's notable work was the study of the seismic waves produced by earthquakes, which helped in determining the internal structure of the Earth. He proposed the theory of the existence of a core-mantle boundary within the Earth, which was later confirmed by the discovery of the discontinuity named after him, the "Oldham Discontinuity." Oldham was a Fellow of the Royal Society and was awarded the prestigious Wollaston Medal of the Geological Society of London in 1902.

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sure tool company is expected to pay a dividend of $2 in the upcoming year. the risk-free rate of return is 4%, and the expected return on the market portfolio is 14%. analysts expect the price of sure tool company shares to be $22 a year from now. the beta of sure tool company's stock is 1.25. the market's required rate of return on sure's stock is

Answers

Market's required rate of return on sure tool company's stock is 16.5%

What is beta in stock market?

Beta is a way of measuring a stock's volatility relative to the overall market volatility.

What is the range of good stock in beta?

For a good stock the "beta" should be below or equal to 1.

Beta less than 1 means the stock is less volatile.

Solution:

⇒ Rate of return on stock = Risk-free rate of return + Beta(Expected return on    market portfolio - risk-free rate of return)

⇒ Rate of return on stock = 4% + 1.25(14% - 4%) = 16.5%

Thus, the market's required rate of return on sure tool company's stock is 16.5%.

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The great advantage of structured selection interviews over unstructured interviews is theirnaturalness and ability to set the candidate at ease.effectiveness at organizational branding.consistency in evaluation of candidates.flexibility in pursuing unexpected information about the candidate.

Answers

The correct answer is consistency in evaluation of candidates. The great advantage of structured selection interviews over unstructured interviews is the consistency in evaluation of candidates. (Option B) .

Structured interviews have predetermined questions that are asked of all candidates in the same order, with the same wording and time limit. This ensures that each candidate is evaluated in a consistent manner, allowing for fair comparisons and reducing the impact of personal bias. In contrast, unstructured interviews allow for more natural and flexible conversations with candidates but can result in inconsistency in the evaluation process.

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what are two key characteristics of the introduction stage of the product life cycle?

Answers

The two key characteristics of the introduction stage of the product life cycle include "the high costs resulting from the initial cost of marketing, advertising, distribution, etc."

The other key characteristics of the introduction stage of the product life cycle are "the sale quantities are usually low, which then increases gradually."

Other characteristics of the introduction stage of the product life cycle include the following:

Little competitionDemands need to be established through the advert.Customers must be persuaded to buy the product.The introduction stage of a new product is the beginning stage in a product life cycle.

Hence, in this case, it is concluded that the introduction stage of a product life cycle is significant.

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please help with this question :0

please help with this question :0

Answers

Answer:

darling, soes it have a read?

Explanation:

Which of the following is the best summary of the parol evidence rule?
A. Oral evidence is never allowable in interpreting the meaning of
contracts
B. Oral evidence can only be used to interpret contract meanings in
certain situations
C. A written contract is assumed to contain all the terms and
conditions of an agreement unless otherwise stated.
OD. Oral evidence is always valuable and useful in clarifying the
meaning and intent of written contracts.

Answers

Answer:

C. A written contract is assumed to contain all the terms and

Answer:

oral evidence can only be used to interpret contract meanings in certain situations

Explanation:

a p e x

Bilbo signs a lease agreement for an apartment with Cato, who owns and manages the Deer Creek Apartments complex. These parties have a. no contract. b. an express contract. c. an implied contract. d. a unilateral contract.

Answers

Answer:

C

Explanation:

an implied contract

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