Define extra expense - Study guides, Class notes & Summaries

Define Aleatory contract. - An Aleatory contract is a contract in which participating parties exchange unequal amounts. Insurance contracts are aleatory in that the amount the insured will pay in premiums is is unequal to the amount the insurer will pay in the event of a loss. Define warranty: - A material stipulation in the policy that if breached may void coverage. During the Accumulation (Pay in)period of an annuity, there must be a designated - Beneficiary Identify the difference betwee...

Solution manual for Canadian Income Taxation 20222023 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman CHAPTER 1 TAXATION― ITS ROLE IN BUSINESS DECISION MAKING Review Questions 1. If income tax is imposed after profits have been determined, why is taxation relevant to business decision making? 2. Most business decisions involve the evaluation of alternative courses of action. For example, a marketing manager may be responsible for choosing a strategy for establishing ...

Define Accident - An unforeseen, unintended even; something unexpected Define Additional Living Expenses - Extra charges covered by homeowner's policies over and above the policyholder's customary living expenses due to damage by a covered peril that makes the home temporarily uninhabitable. Define Actual Cash Value - The value of your property, based on the current cost to replace it minus depreciation. Define Adjuster - A person who investigates and settles insurance cla...

Notary Public Exam 1) When can a notary public reapply for commission without re-testing?ANS 1) Up until 6 months from expiration date. 2) Up until 1 year after military discharge (except dishonorable) 3) When the renewal is mailed to the notary public reminding that expiration date is in 3 months. 2) Who is appointed to accept process service on behalf of the notary public who is a non-resident?ANS The Secretary of state. 3) Can a notary public be denied reappointment at the ...

A building valued at $120,000 is insured for $30,000 and there is an 80% co-insurance clause on the policy. The building was totally destroyed by fire last weekend. The insured would receive a settlement of: a. 7,000 b. 12,000 c. 30,000 d. 37,5000 - Answerc. 30,000 The reinstatement clause contained in most policies of commercial property insurance provided that: a. The insureds shall have as much insurance on the property after an insured loss as they had immediately prior to it b....

HAS Exam 198 Questions with Verified Answers What is the AFMS mission? - CORRECT ANSWER Enable medically fit forces, provide expeditionary medics and improve the health of all we serve to meet our nation's needs What is the AFMS vision? - CORRECT ANSWER Our supported population is the healthiest and highest performing segment of the US by 2025 What are the four areas of the Quadruple Aim and associated goals? - CORRECT ANSWER Readiness Better care Better health Best value (asso...

Notary Public Exam 1) When can a notary public reapply for commission without re-testing? - ANS 1) Up until 6 months from expiration date. 2) Up until 1 year after military discharge (except dishonorable) 3) When the renewal is mailed to the notary public reminding that expiration date is in 3 months. 2) Who is appointed to accept process service on behalf of the notary public who is a non-resident? - ANS The Secretary of state. 3) Can a notary public be denied reappointment a...

CHPA Industry Terms Exam 107 Questions with Verified Answers Additional Living Expense (ALE) Coverage - CORRECT ANSWER A type of insurance included within homeowners' policies. ALE coverage reimburses the insured for the cost of maintaining a comparable standard of living following a covered loss that exceeds the insured's normal expenses prior to the loss. For example, additional living expense insurance would cover an insured's motel bill while fire damage to the home is being repaired, ...

(Annual Percentage Rate / Pmts per Year) - answer-Rate for PMT? (# of Years * Pmts per Year - answer-Nper for PMT? False - answer-In order to calculate the Future Value of a stream of monthly cash flows which start immediately, and also include an additional lump sum at the beginning of the transaction, the value in the PMT argument should equal the Lump Sum amount plus the monthly Payment amount. True - answer-The "values" argument in the formula =IRR(values,guess) is a list of posit...

Develop Project Charter - ANSWER-The process of developing a document to formally authorize a project or phase; outlines the project objectives and defines the authority of the PM Develop Project Management Plan - ANSWER-The process of defining, preparing, and coordinating all plan components and consolidating them into an integrated plan Direct and Manage Project Work - ANSWER-The process of leading and performing the work defined in the project management plan; Involved managing people, ...