1 List Five Reasons That Individuals With Auto Insurance May Qualify For Reduced Pre 2719527

1. List five reasons that individuals with auto insurance may qualify for reduced premiums. (Hint: These can be related to the automobile that they drive or their own characteristics, or both).

2. MATCHING

Match each term with the correct statement below.

a.

additional living expenses

b.

comprehensive personal liability

c.

Dwelling

d.

loss settlement clause

e.

Other structures

1. When an insured peril damages an individual’s house, any increase in living costs is covered by _________________ insurance.

2. _________________ coverage protects an insured against loss to a detached garage.

3. The residence premises is called the _________________ in the homeowners’ policy.

4. The _________________ determines how items will be valued for adjustment purposes.

5. The _________________ provides liability coverage in the homeowners’ policy.

3. What are four methods for reducing moral hazard?

4. What are some methods for reducing asymmetric information?
5. What are riders? What are endorsements?

6. How can risk management benefit a corporation?

7. What are some appropriate techniques that an employer could use to reduce health care costs for its employees?

8a. What are some potential repercussions if underwriting standards are too lenient? What if underwriting standards are too stringent?

b. What are characteristics of a soft market?

c. What are some methods for an insurance company to reduce fraud in insurance? (list three)

9. What is the probability of dying for a male from ages 30 up to age 34?

What is the probability of living?

10. What are some of the motivations for employers offering employee benefits?

11. What do the average expected value, standard deviation, and coefficient of variation tell you about loss exposures?

Part Two

1. Explain the concepts of indemnity, adverse selection, asymmetric information, and moral hazard as they pertain to insurance.

2. What are the major sources of risk that we have discussed in this course? List and explain the sources of risks and why it is imperative to plan for these risks?

Part Three

1.

A. A health insurance policy contains a $200 calendar-year deductible, an 80 percent coinsurance provision, and a $2,500 out-of-pocket cap. If a $10,000 covered claim is the only claim made this year, the insurance company will pay

B. A health insurance policy contains a $200 per-cause deductible, a 75 percent coinsurance provision, and a $2,000 coinsurance cap. If a $10,000 covered claim is the only claim made this year, the insured would have to pay

3. Use the risk management process; incorporate loss control methods where appropriate. Analyze this as if you are a risk manager from a corporation that lends money. (hint: some risks might include default risk and credit risk)

http://www.azcentral.com/business/articles/0610biz-cashforcredit0610.html

Credit-boost loophole scares lending industry

Associated Press

Jun. 10, 2007 12:00 AM

Only a low credit score stood between Alipio Estruch and a mortgage to buy a $449,000 Spanish-style house in Weston, Fla., a few miles west of Fort Lauderdale.

Instead of spending several years repairing his credit rating, which he said was marred by two forgotten cellphone bills and identity theft, the 37-year-old real estate agent paid $1,800 to an Internet-based company to bump up his score almost overnight.

Instantcreditbuilders.com, or ICB, helped Estruch boost his score by arranging for him to be added as an authorized user on several credit cards of people with stellar credit who were paid to allow this coattailing. Parents also use this practice when they add their children to their credit cards to help them build solid credit.

The result was a happy ending for Estruch, but the growing practice is sending shivers through the mortgage industry. Federal regulators are also becoming increasingly concerned.

And after being contacted by The Associated Press for this story, Fair Isaac Corp., the developer of the widely used FICO score, said it will change its credit scoring system beginning later this year in a way it contends will end this little-known but potentially high-impact mortgage loan loophole.

Benefits for renters

The pitch to those who are essentially renting their credit history for pay is seductive: You don’t need to worry about users of this service receiving duplicate copies of your credit cards, account numbers or personal information.

Brian Kinney, 44, a retired Army officer in Glendale, Calif., pulls in more than $2,500 a month by lending out 19 credit-card spots on two old Citibank cards with strong payment histories. Kinney, whose FICO score is above 800 on the scale of 300 to 850, quit his job working at a Farmers Insurance agency and uses the ICB income to tide him over until he starts his own agency.

Lenders are worried, however, that they’re taking on greater default risks by unknowingly offering lower interest rates than they otherwise would to applicants who artificially boost their credit scores.

Estruch paid $1,800 in December for three credit-card spots, and by January, his FICO score jumped from 550 to 715. In mid-March, he closed on his four-bedroom beige stucco house after obtaining a 30-year fixed-rate mortgage from a unit of American Home Mortgage Investment Corp. It carried a 7.5 percent interest rate and required no down payment.

How it works

Companies like Largo, Fla.-based ICB are sprouting on the Internet with little overhead and no-frills marketing. They post ads on community Web sites like Craigslist and have sponsored links on Google and Yahoo. Competitors of ICB have even reached out to mortgage brokers, lenders and real estate agents, flooding their e-mail with advertisements.

Jason LaBossiere, who founded ICB a year and a half ago, said his company receives 100 to 150 new leads daily, a number that has been growing, and those inquiries lead to 10 to 20 new clients a week.

ICB charges $900 for the first credit-card account, with a discount for additional ones. The cardholder allowing the piggybacking on his or her credit history can receive $100 to $150 per slot, depending on the age and credit limit of each card. ICB pockets the rest.

The effect on a credit score can vary depending on what else is in a client’s report. But one borrowed credit-card account can increase a score between 30 and 45 points, two between 60 and 90 points, and five between 150 and 205 points, according to ICB. That’s because the computer program that calculates scores is essentially tricked into believing the credit renter has a better repayment history when it sees the added accounts and that helps lift the credit score.

Once the credit-card company files an updated report to credit bureaus, leading to a higher FICO score, the credit renter is removed from the account of the person allowing the piggybacking.

Fraud concerns

Kinney, the retired Army officer in California, said those borrowing his good credit history don’t get his personal information, full credit-card number or credit-card expiration dates. Any sensitive data is handled through ICB, and Kinney adds the users himself by calling his credit-card company. ICB also destroys any duplicate cards that are issued to the credit renter, according to its contract.

In fact, Kinney fears that those seeking a credit hike are most at risk to be swindled. They give the cardholder their names and Social Security numbers, which, in the wrong hands, could lead to identity theft. Kinney said he also receives credit-card offers in the mail for the credit borrowers on his accounts.

Ginny Ferguson, a mortgage broker in Pleasanton, Calif., and a credit expert for the National Association of Mortgage Brokers, considers the practice mortgage fraud, and the trade organization is about to release a policy statement against it.

“These companies are encouraging consumers to commit fraud,” Ferguson said.

ICB’s LaBossiere said he sees his business as a second chance for the consumer who has had little financial education to make good decisions. “People who are our clients are spending an incredible amount of money to get their finances back in order,” he said.

So far, federal authorities have yet to make a ruling on the issue.

And lenders, who depend on credit scores to assess a person’s ability to pay back a loan, are closely watching the practice’s growth.

Risk Manager Blake wants you to calculate the average expected loss, variance, standard deviation, and coefficient of variation for this loss experience.

 
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1 Knowledge And Understanding Demonstrate An Understanding Of The Importance Of Stra 2914475

1 Knowledge and understanding Demonstrate an understanding of the importance of strategic resource capabilities of business organisations, the organisations’ strengths and weaknesses and their impact upon organisational dynamics. 2 Knowledge and understanding Demonstrate an understanding of the nature and dynamics of the competitive environment in which business organisations operate, with particular focus on environmental threats and opportunities. 3 Intellectual, practical, affective and transferable skills Undertake a detailed analysis and evaluation of the resource capability and competitive environment of business organisations, with particular focus on the strategic fit of such organisations. 4 Intellectual, practical, Interpret that detailed analysis correctly and then report and present those findings in an appropriate manner. Module Guide Page 3 affective and transferable skills 3.1 Employability skills delivered in this module It is important that we help you develop employability skills throughout your course which will assist you in securing employment and supporting you in your future career. During your course you will acquire a wide range of key skills. In this module, you will develop those identified below: Document Preview:

Lord Ashcroft International Business School Strategic Management Analysis [For F2F Students] [Distance Learning/ Online Students – Please refer page 25] Department: Marketing, Strategy and Enterprise Module Code: MOD001074 Year: 2013/14 Semester: 2 Academic Year: 2013/14 Semester/Trimester:Module Guide Contents 1. Key Information ……………………………………………………………………………………….. 2 2. Introduction to the Module (MDF, section 6A) ……………………………………………….. 2 3. Intended Learning Outcomes (MDF, section 7) …………………………………………….. 2 3.1 Employability skills delivered in this module ………………………………………………… 3 4. Outline Delivery ……………………………………………………………………………………….. 4 4.1 Attendance Requirements ……………………………………………………………………….. 6 5. Assessment …………………………………………………………………………………………….. 7 5.1 Submitting via Turnitin®UK GradeMark [Cambridge and Chelmsford students] … 9 5.2 Submitting your work [Students in all other locations at Associate Colleges] ….. 11 5.3 Marking Rubric and Feedback ……………………………………………………………….. 11 5.4 Re-Assessment (resit) …………………………………………………………………………… 11 6. How is My Work Marked? ………………………………………………………………………… 11 7. Assessment Criteria and Marking Standards ………………………………………………. 14 7.1 Specific Assessment Criteria and Marking Rubric………………………………………. 14 7.2 University Generic Assessment Criteria – Level 6…

Attachments:

s-m-a.pdf

 
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1 Learners Are Required To Submit Their Work Using The Lsbf Assessment Cover Sheet A 2925378

1. Learners are required to submit their work using the LSBF Assessment cover sheet and write > 2. You are required to submit your assignment electronically to My Page 3. If you need an extension (even for one day) for a valid reason, you must request one, using a reasonable adjustment form available from the Edexcel Programme Leader. Do not ask the lecturers responsible for the course – they are not authorised to award an extension. The completed form must be accompanied by evidence such as a medical certificate in the event of you being sick. 4. General guidelines for submission of assignment: a) All work must be word-processed and must be of “good” standard. b) Document margins shall not be more than 2.5cm or less than 1.5cm c) Font size in the range of 11 to 14 points distributed to including headings and body text. Preferred typeface to be of a common standard such as Arial or Times New Roman for the main text. d) Any computer files generated such as program code (software), graphic files that form part of the course work must be submitted either online or with the documentation. Document Preview:

Order IdEHUK4021Order TypeAssignmentWords2500Deadline2014-11-11TopicInternet MarketingSubjectBusinessReference SystemHarvard (No Page Numbers)Writer NameD & M AssociateAdditional RequirementAdmin RemarkNO PLAGIARISM , NO BASIC ERROR, ALL REQUIREMENTS MUST MET, MUST FOLLOW THE STRUCTURE • Need a high standard of work • Please follow the primary research strictly • Do make sure all the requirements have met and cross checked. • No basic mistakes will be accepted such as – grammer , spelling error, meaningless lengthy sentences,missing references , PLAGIARISM and/or SIMILARITIES

Attachments:

job-card.docx

 
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1 Kind Of Qualities That Buyers Used To Evaluate Before Purchasing Product Are Class 2847172

1.Kind of qualities that buyers used to evaluate before purchasing product are classified as A.search qualities B.credence qualities C.experience qualities D.minor qualities 2. Services such as repair and installation services are classified as A.empathy services B.value-augmenting services C.facilitating services D.assurance services 3. According to service quality model, ability to provide service accurately and dependably is classified as A.empathy B.reliability C.responsiveness D.assurance 4. Marketing which describes skills to serve clients is classified as A.interactive marketing B.internal marketing C.external marketing D.descriptive marketing 5. Purchase cost of product is included into cost of maintenance and is subtracted from discounted salvage value to calculate A.purchase cycle cost B.cost of responsiveness C.life cycle cost D.assurance cost

 
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1 Joshua Vermier Of Sacramento California Received A Raise After His First Year On T 2812387

1. Joshua Vermier of Sacramento, California, received a raise after his first year on the job to $43,800 from his initial salary of $42,000. What was Joshua’s raise stated as a percentage? Inflation averaged 2.8 percent for the year. What was his real income after the raise? What was his real raise stated as a percentage?

 
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1 K Billingsworth Amp Co Had Earnings Per Share Of 4 Last Year And It Paid A 2 Divid 2841466

1.K. Billingsworth & Co. had earnings per share of $4 last year, and it paid a $2 dividend. Total retained earnings increased by $12 million during the year, while book value per share at year-end wa

 
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1 It Has Been Argued That The Minimum Wage Prevents Workers From Investing In On The 2652651

1. It has been argued that the minimum wage prevents workers from investing in on-the-job training and discourages employers from providing specific training to low-income workers. Why would the minimum wage have an adverse impact on human capital accumulation for low-income workers?

2. Jill is planning the timing of her on-the-job training investments over the life cycle. What happens to Jill's OJT investments at every age if:

a. The market-determined rental rate to an efficiency unit falls?

b. Jill's rate of discount increases?

c. The government passes legislation delaying a mandatory retirement age until age 70?

d. Technological progress implies that much of the OJT acquired at any given age becomes obsolete within the next 10 or 20 years?

 

 
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1 It Has Been Said Total Quality Control Is Superior To 100 Inspection Because Inspe 2573799

1. It has been said, ‘‘Total quality control is superior to 100% inspection because inspection, like any other process, has its own defect rate. Some substandard product, therefore, is always likely to slip through.’’ Do you agree or disagree? Discuss.

2. The pulse-echo ultrasonic technique can be used to determine the thickness of a part or structure. By accurately measuring the time it takes for a short ultrasonic pulse to travel through the thickness of a material, reflect from the back or inside surface, and return to the transducer, the distance can be calculated by

Where

d = thickness of the test piece

V = speed of sound in the material being tested

t = measured round-trip time

What are some alternative means of measuring thickness? Briefly discuss their relative pros and cons. Consider such features as geometric and material constraints, and the ability to measure from one side only.

 

 
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1 Offshore Accounting Services Especially To India Are Becoming An Increasingly Attr 3237772

1. Offshore accounting services, especially to India, are becoming an increasingly attractive option for many U.S. companies. This shift has led to huge startup and communication costs, and the employment situation is further affected by general downsizing of corporations, as well as an increase in productivity. Are the exports of white-collar jobs to India necessarily a loss for the United States?

2. What is the difference between Rybczynski and the Stolper-Samuelson theorem.

3. What is the difference between Ricardian and Specific Factor model.

4. What is it that North-South trade in manufactures seems to be consistent with the results or expectations generated by the factor-proportions (H-O) theory of international trade, whereas North-North trade is not? Include the types of trade involved.

5. Why the evidence from the East Asia New Industrializing Countries suggests that as international productivities converge, so do international wage levels? What do you think is likely to happen to the relative wages (relative to those in the US) of China in the coming decade? Explain your reasoning based on the Ricardian Model.

6. Discuss the framework of the Specific Factors model in analyzing the distributional effects of international labour migration.

 
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1 Name Two Withdrawals From The Circular Flow 2 What Is An Injection Into The Circul 2625398

1. Name two withdrawals from the circular flow.

2. What is an injection into the circular flow?

3. When, in theory, is an economy in equilibrium?

 

 
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