management work wiped out in an instant by legal claim proceedings or class action filing. Insurance issues arise throughout the conduct of any legal claim action‚ from considerations on whether to file the claim in the first place‚ through settlement and to final resolution should the case proceed to trial. From the underwriter setting up the policy to the handling of the claim during the legal process‚ the duty of insurance companies should be one of UTMOST Good faith or “uberrima fides”. What happens when
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Dr. R. LeWayne Johnson‚ PHD Duffy’s Insurer’s Defenses Case Issue The issue in this fact pattern is whether an insurance company was justified in relying on the misrepresentation made by the insurance applicant in their application for insurance that their forty-eight-room lodging house in Worcester‚ MASS was protected by sprinklers‚ despite an earlier report in the insurer’s file indicating the absence of sprinklers. Rule of Law: The Massachusetts General Laws Chapter 175‚ §186 (Mass.
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COVERED 1. This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Clauses 4‚ 5‚ 6 and 7 below. Risks Clause 2. This insurance covers general average and salvage charges‚ adjusted or determined according to the contract of affreightment and/or the governing law and practice‚ incurred to avoid or in connection with the avoidance of loss from any cause except those excluded in Clauses 4‚ 5‚ 6 and 7 or elsewhere in this insurance. General
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BACKGROUND. National Health Insurance is a noble and noteworthy programme or exercise that was formulated by the government in order to address the pressing problems that have dogged the Health Care industry for decades on end. South Africa was poised at the threshold of implementing important and much obligatory alterations to its health structure; an alteration hinging on the ideology of communal commonality‚ even-handedness and equality. A National Health Insurance (NHI) was the medium that was
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Steve is a family man‚ who as actually paid for a family life cover insurance and so really feels safe and secure that in case something happens to him‚ the actual insurance company pays for the hospitalization and costs needed for treatment. However almost six months soon after he was in fact diagnosed with cancer. Steve is not able to continue doing work a few months later and while the life cover shouldered his actual hospitalization expenses‚ his actual loss of wages significantly changed the
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young children. You want to get life insurance to protect your children financially until they are old enough to produce their own incomes. Would term life insurance or permanent life insurance be a better choice in this situation? Why? (2-4 sentences. 1.0 points) 4. Describe two types of insurance that you have or are likely to have at some point in your life. What risks are these insurance plans protecting you against? Why do you think these types of insurance are important? (4-8 sentences. 3.0
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Delta Life Insurance Co. Ltd. established mainly through the initiative of a group of Bangladeshi professionals then working abroad along with a few enthusiastic local entrepreneurs‚ started its operation in December‚ 1986 after the Government of Bangladesh allowed the private sector to operate in the insurance sector in 1984 to carry on the business of insurance in the Private Sector. A brief explanation as to the growth of life insurance business in Bangladesh is in order here. Bangladesh
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GIBSON INSURANCE COMPANY Activity-Based Costing; Allocating Corporate Costs DATE OCT 22‚ 2012 CASE ANALYSIS Gibson Insurance Company sells two types of financial products: annuities and life insurance‚ all sales are done by in-house agents. The annuities are tax deferred investments that offer scheduled payout options and lump sums to their investors. The life insurance policies pay benefits to the designated beneficiaries in the event the policyholder passes away. At the end of
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INTRODUCTION Life Insurance is a contract between two parties‚ an insurer and an insured‚ where the insurer agrees to pay a designated amount upon the death of the insured for a premium. HISTORY The history of life insurance industry dates back to year 1818‚ in which the first Indian Life Insurance company‚ Oriental Life Insurance Company was started. In 1928‚ the Government of India enacted the Indian Insurance Companies Act which was later modified in 1938 (Insurance Act‚ 1938) to protect
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In this paper‚ I am going to be comparing and contrasting the movie version and the novel entitled “The Accidental Tourist.” First‚ when one begins to read the book‚ they will notice that the opening scene takes place in a car on a rainy day. During this pivotal scene Sarah Leary asks Macon if he remembered what he said to a comment Sarah had said. She said “’I said to you the other day‚ I said‚ ‘Macon‚ now that Ethan’s dead I sometimes wonder if there’s any point to life.’ Do you remember what
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