Regarding underwriting considerations, what information may an employer have to provide to an insurance company to show...
Regarding underwriting considerations, what information may an employer have to provide to an insurance company to show that the company is insurable?
A. The firm's total number of employees B. The employees' health
histories
C. References from customers
D. The employer's financial records
Homework Answers
Option D - Underwriters will require the employer's financial records to determine the financial health of the company. A company with good financial health operating in a sector which has good future economic prospects will be preferred.
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Regarding underwriting considerations, what information may an employer have to provide to an insurance company to show...
At Denniston Industries, employees have the option of choosing employer-sponsored health insurance at no additional cost...
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Suppose a large employer contrads with an insurer to provide health insurance coverage or workers compensation...
Suppose a large employer contrads with an insurer to provide health insurance coverage or workers compensation coverage for its employees. The employer (the insured) really setf-insures, and the insurer is a third party administrator. Any benefits paid by the insurer to the employees is reimbursed by the employer Theemployer may buy excess coverage, such as coveragefor annual health benefits exceoding $10 milion The insurer and the employer can negotiate the premium for the policy at very low transaction costs. Wo...
Health insurance benefits vary by the size of the company. The sample data below show the...
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You may need to use the appropriate technology to answer this question Health insurance benefits vary...
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Health insurance benefits vary by the size of the company. The sample data below show the...
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Which of the following statements is TRUE regarding the Affordable Care Act (commonly known by some...
Which of the following statements is TRUE regarding the Affordable Care Act (commonly known by some as "Obamacare")? Please read each statement carefully. Treat each response below as its own Trua/False question. This is based off Box 13.3 in your textbook. Select one or more: a. If you do not get health insurance from your employer, and you are not eligible for Medicare or Medicald, you are required to purchase health insurance from a private company. If you do not,...
Suppose a large employer contrads with an insurer to provide health insurance coverage or workers compensation coverage for its employees. The employer (the insured) really setf-insures, and the insurer is a third party administrator. Any benefits paid by the insurer to the employees is reimbursed by the employer Theemployer may buy excess coverage, such as coveragefor annual health benefits exceoding $10 milion The insurer and the employer can negotiate the premium for the policy at very low transaction costs. Wo...
You may need to use the appropriate technology to answer this question Health insurance benefits vary by the size of the company. The sample data below show the number of companies providing health insurance for small, medium, and large companies. For purposes of this study, small companies are companies that have fewer than 100 employees. Medium-sized companies have 100 to 999 employees, and large companies have 1,000 or more employees The questionnaire sent to 225 employees asked whether or not...
Bluebird, Inc., does not provide its employees with any tax-exempt fringe benefits. The company is considering adopting a hospital and medical benefits insurance plan that will cost approximately $9,000 per employee. To adopt this plan, the company may have to reduce salaries and/or lower future salary increases. Bluebird is in the 25% (combined Federal and state rates) bracket. Bluebird is also responsible for matching the Social Security and Medicare taxes withheld on employees' salaries (at the full 7.65% rate). The...
Show Me How Calculator Activity-Based Costing for a Service Company Safety First Insurance Company carries three major lines of insurance auto, workers' compensation, and homeowners. The company has prepared the following report: Safety First Insurance Company Product Profitability Report For the Year Ended December 31 Auto Workers' Compensation Homedyners Premium revenue $5,750,000 $6,240,000 4,680,000 Estimated claims 4,312,500 58,160,000 6,120,000 $2,040,000 Underwriting income $1,437,500 $1,560,000 Underwriting income as a percent of premium revenue 25% 25% 25% Management is concerned that the...
Health insurance benefits vary by the size of the company. The sample data below show the number of companies prowiding health insuranc for small, medium, and large companies. For purposes of this study, small companies are companies that have fewer than 100 cmployecs. Medium-szed companics have 100 to0mploycos, and largc companics have 1,0oD or morc cmployccs The questionnaire sent to 225 employees asked whether or not the employee had heath insurance and then asked the employee to indicate the size...
Which of the following statements is TRUE regarding the Affordable Care Act (commonly known by some as "Obamacare")? Please read each statement carefully. Treat each response below as its own Trua/False question. This is based off Box 13.3 in your textbook. Select one or more: a. If you do not get health insurance from your employer, and you are not eligible for Medicare or Medicald, you are required to purchase health insurance from a private company. If you do not,...
Which of the following statements is TRUE regarding the Affordable Care Act (commonly known by some as "Obamacare")? Please read each statement carefully. Treat each response below as its own Trua/False question. This is based off Box 13.3 in your textbook. Select one or more: a. If you do not get health insurance from your employer, and you are not eligible for Medicare or Medicald, you are required to purchase health insurance from a private company. If you do not,...
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