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

At Sandhill Co., events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciation for 2018 was found to be understated by $118400.

Occupants of the international space station experience weightlessness due to

A supervisor has to make travel reservations for a number of delegates attending an international conference on trade and commerce. The supervisor's office engages a travel agent who will handle all details like airline bookings and flight schedules.

Refresh Inc.'s debt to Spring Water Company is past due. Spring brings a legal action against Refresh to collect the debt. Spring asks the court to order Tempo Bank, in which Refresh has an account, to pay a portion of the funds to Spring.

Corporation DB operates three different lines of business. Can the corporation elect a different overall method of accounting for each line or must the corporation adopt one overall method

New Questions in Business

Which of the following comparisons best isolates the impact of a change in activity on performance?

If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of

In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. Which of the following would be the most reasonable inference about Okra Corp.? A. Its current liabilities are too low. B.

The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.

Explain how banks can create money.