Question
In: Operations Management
A 30-year-old male who knowingly suffers from heart disease states on his life insurance application that...
A 30-year-old male who knowingly suffers from heart disease states on his life insurance application that he is a 27-year-old female in perfect health. How do you think the insurance company will treat a death claim made three years later? Do you feel that this is fair to the insurance company? Explain.
Solutions
Expert Solution
The person misrepresented his age and his sex and therefore the insurance company can deny the claim as the facts on which basis the insurance company gave the insurance was wrong and that this fact alone will make insurance company not liable for any claim to be made by the person however ethically the company may give some benefit to the person if they have some internal policies for such case.
keosha answered 2 years agoRelated Solutions
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Sample A is from a 35 year old male who visited his GP complaining of chest...
Sample A is from a 35 year old male who visited his GP
complaining of chest pain during exercise. An ECG taken at rest was
normal but ischaemic changes developed on exercise. A family
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Sample A is from a 35 year old male who visited his GP complaining of chest...
Sample A is from a 35 year old male who visited his GP
complaining of chest pain during exercise. An ECG taken at rest was
normal but ischaemic changes developed on exercise. A family
history revealed that his father died of a heart attack at the age
of 45 years. The laboratory test results for his
fasting blood sample were as follows:
Analyte
Patient
values
Reference range for fasting
blood sample
Sodium
139
135-145 mmol/L
Potassium
4.1
3.0-5.0...
Sample A is from a 35 year old male who visited his GP complaining of chest...
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complaining of chest pain during exercise. An ECG taken at rest was
normal but ischaemic changes developed on exercise. A family
history revealed that his father died of a heart attack at the age
of 45 years. The laboratory test results for his
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Analyte
Patient
values
Reference range for fasting
blood sample
Sodium
139
135-145 mmol/L
Potassium
4.1
3.0-5.0...
Sample A is from a 35 year old male who visited his GP complaining of chest...
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complaining of chest pain during exercise. An ECG taken at rest was
normal but ischaemic changes developed on exercise. A family
history revealed that his father died of a heart attack at the age
of 45 years. The laboratory test results for his
fasting blood sample were as follows:
Analyte
Patient
values
Reference range for fasting
blood sample
Sodium
139
135-145 mmol/L
Potassium
4.1
3.0-5.0...
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Patient
values
Reference range for fasting
blood sample
Sodium
139
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Potassium ...
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