Question
In: Finance
Which of the following services will NOT be offered by insurance companies? a. selling policies with...
Which of the following services will NOT be offered by insurance companies?
| a. |
selling policies with saving features |
|
| b. |
administrating pension funds |
|
| c. |
making payments to beneficiaries |
|
| d. |
taking deposits |
Solutions
Expert Solution
Answer: [d] Taking deposits
Explanation:
Taking deposits is not part of an insurance companies operating activity.
jeff jeffy answered 3 years agoRelated Solutions
Briefly discuss the types of life insurance policies offered in the US.
Briefly discuss the types of life insurance policies offered in
the US.
1. Which of the following is not a way for insurance companies to respond to the...
1. Which of the following is not a way for insurance companies
to respond to the problem of "adverse selection"?
Select the correct answer below:
separating insurance buyers into risk groups and charging them
accordingly
trying not to sell insurance to the highest risk customers
deciding not to sell insurance in the market at all
requiring all insurance buyers to pay exactly the same monthly
premium, regardless of their risk group
2. If we think of political positions along a...
Selling expensive insurance policies Ahmad works for a life insurance company as a sales representative. He...
Selling
expensive insurance policies
Ahmad works for a life
insurance company as a sales representative. He has been working in
that company for more than five years. He has got good
communication and presentation skills. He has attended several
workshops on sales and marketing to enhance his skills. The company
is happy with his performance and gives good salary and commission
on the policies he sells.
Ahmad has several
plans to sell. One of the insurance products is a plan...
Selling expensive insurance policies Ahmad works for a life insurance company as a sales representative. He...
Selling expensive insurance policies
Ahmad works for a life insurance company as a sales
representative. He has been working in that company for more than
five years. He has got good communication and presentation skills.
He has attended several workshops on sales and marketing to enhance
his skills. The company is happy with his performance and gives
good salary and commission on the policies he sells.
Ahmad has several plans to sell. One of the insurance products
is a plan...
Which one of the following is the ratio of insurance policies written to those that have...
Which one of the following is the ratio of insurance
policies written to those that have been quoted to applicants
for insurance?
Select one:
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b. Hit ratio
c. Persistency ratio
d. Retention ratio
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Insurance companies track life expectancy information to assist
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Insurance wants to determine if their clients now have a longer
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change their premium structure if there is evidence that people who
buy their policies are living longer than before. Which of...
Liabilities of insurance companies may include all but which of the following?
Liabilities of insurance companies may
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How does the selling of inventory or services impacts a companies financial statements?
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companies financial statements?
Accounting Ethics: A health insurance company sold insurance policies that allow policyholders to obtain services from...
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There are many private companies selling life insurance and there is virtually no problem associated with...
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1. Why do competitive markets work better for life insurance
than for income insurance?
2. Why are governments able to provide this type of...
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