marks) “At the heart of every insurance transaction is a requirement that both parties exercise utmost good faith towards each other….The principle is…sometimes expressed by saying that insurance contracts are contracts uberrimae fidae.” (Petony‚ Graw‚ Lennard and Parker‚ Understanding Business Law‚ 5th ed‚ Lexis Nexis‚ 2011‚ p702) Required: a. Explain what is meant by “utmost good faith” and why it is of particular importance in the context of insurance contracts. (10 marks) b. How is
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Pet Insurance in West Virginia West Virginia is an excellent state to raise pets in‚ whether they are indoor or outdoor ones. The weather conditions do vary‚ as summers can be hot and winters can be downright snowy and frosty‚ so it is important to choose a pet that you know you can care for no matter what the conditions. West Virginia also offers vast amounts of farmland for men and women who wish to raise outdoor farm animals‚ such as sheep‚ pigs‚ cows‚ horses‚ chicken and turkeys. Many also own
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Life Insurance in Latvia‚ Key Trends and Opportunities to 2017: Order report by calling marketreportsstore.com at +1 888 391 5441 OR send an email on sales@marketreportsstore.com with Life Insurance in Latvia‚ Key Trends and Opportunities to 2017 in subject line and your contact details. Synopsis The report provides in-depth market analysis‚ information and insights into the Latvian life insurance segment‚ including: • The Latvian life insurance segment’s growth prospects by life insurance categories
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Would troy have been a strong candidate for Branch Rickey’s noble experiment? Troy would have been a strong candidate for Branch Rickey’s noble experiment. From the article it states that the “Noble Experiment was to try and find the perfect blend of character and ability‚ maturity and electricity”. Troy is a black former baseball player‚ who played in the Negro Leagues. He wasn’t able to play professional baseball because when he played they hadn’t broke the color barrier yet and then he was too
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Abstract Insurance is a form of risk management primarily used to hedge against the risk of a contingent‚ uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss‚ from one entity to another‚ in exchange for payment. An insurer is a company selling the insurance; the insured‚ or policyholder‚ is the person or entity buying the insurance policy. The amount to be charged for a certain amount of insurance coverage is called the premium. Insurance business gained momentum
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into account not only the amount of net profit‚ he earns but also the amount of standing or fixed charges which have been charged against the revenue for determining the amount of net profit. Of course‚ he may not get such incomes covered by the insurance policy which will not be affected by dislocation of his business on account of fire. e.g. income from investments‚ rent from the property let out etc. Loss of profit occurs because of loss of sales on account of dislocation of the business. Moreover
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on which branch one goes into. The job opportunities also vary depending on which branch a person goes into. Some may have the same job title but each branch does things a little different. The basic training for each branch is very different and easy for some but difficult for others. The up side to the harsh training though is that the military provides great benefits for the person and their families. A career in military would be a very good option to consider. The air force branch of the military
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I actually did previously have Growers insurance until I acquired in an accident. Despite the fact that I had formed a local insurance agent‚ because My spouse and i experienced to file my promise after hours‚ I actually experienced to speak to a generic claims call centre. Then‚ since I begun what he claims using the 1-800 number‚ My spouse and i was required to complete other process like that. By that point I used to be requesting myself why I used to be paying a premium to have a local agent
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with budget cuts of around $ 716‚000‚000‚ a tax increase‚ and also increase the cost of medications. Health insurance exchange will be set up to try to organize the programs and offer different choices for health care plans. Overall‚ Obamacare will affect people that already have insurance by making their costs continue to rise. Obamacare is estimated to make the cost of insurance skyrocket‚ but no one truly knows. Obamacare is mostly modeled after Romneycare. Obamacare is going to cost
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Performance Investment Product Corporation (PIPC) In 2007 there was a scandal involving a foreign exchange firm Performance Investment Product Corporation wherein the owner of the company‚ Michael H.K. Liew a Singaporean National fled the country taking with him fund’s of the investors amounting to US$140 million to US$250 million. (James‚ PIPC investors lose money as Michael Liew disappears‚ 2007) The firm was established in the Philippine as an online Forex trading service in 1998. (James‚ Updates
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