Business

Joslyn Clayton

1 July, 09:50

An insurance company assures its new policyholders that their premium costs will not increase for a period of at least five years. However, due to increasing financial strain, they plan to raise premium costs for all insureds by 10% over the next two years. What term best describes this act

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “An insurance company assures its new policyholders that their premium costs will not increase for a period of at least five years. However, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

The amount of potential energy in 1 glucose molecule = 2805kJ/mol. The amount of energy in 1 ATP molecule = 30.5kJ/mol. In a human skeletal muscle cell, 36 molecules of ATP are made for every 1 molecule of glucose burned.

Harland Corporation currently produces cardboard boxes in an automated process. Expected production per month is 22 comma 000 units, direct material costs are $ 5.00 per unit, and manufacturing overhead costs are $ 13 comma 000 per month.

Dorothy wants to rent a car for a week and pay no more than $130. how far can she drive if the car rental costs $94 a week plus $0.12 a mile?

Which type of account typically has low liquidity? AMoney Market Account BCertificate of Deposit (CD) CChecking Account DSavings Account

Jasmine and Martina are being considered for the position of sales team manager at Shangri-La Realty. Jasmine and Martina both have solid experience in the industry, and are personable, knowledgeable about the local market, and display excellent

New Questions in Business

Each of the following decreases total stockholders' equity except a Entry field with incorrect answer all of these decrease total stockholders' equity. cash dividend. stock dividend. liquidating dividend.

Leno Company sells goods to the Fallon Company for $10,000. It offers credit terms of 2/10, n/30. If Fallon Company pays the invoice within the discount period, Leno Company will record a debit to Cash in the amount of: A. $10,200. B. $10,000. C.

How much do community college professors get paid?

To determine the true cash balance Multiple Choice a. add bank collections of depositors' accounts receivable to the unadjusted book balance. b. subtract bank service charges from the unadjusted book balance. c.

Buying inventory in large lots to take advantage of quantity discounts can be responsible for a high inventory turnover ratio. True/False