gavelco insurance sells an insurance policy over the phone to barry, who lives in the state of colorado. gavelco violates a colorado state statute when doing so, because it is not licensed to sell in the state. later barry gets into a dispute with gavelco over coverage of the insurance policy and wants to enforce the insurance contract. the insurance contract will be:

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Answer 1

GavelCo Insurance sells an insurance policy to Barry in the state of Colorado. It violates a Colorado state statute. Later Barry gets into a dispute with GavelCo over coverage and wants to enforce the insurance contract. The insurance contract will be enforceable by Barry, the purchaser, and he can recover from the insurer if applicable.

An insurance policy is a contract between an insurer and an insured, in which the insurer agrees to pay the insured a sum of money in the event of certain specified events occurring.

The policyholder pays a premium to the insurer, which the insurer uses to cover claims made by the policyholder.

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Related Questions

mobile marketing: select one: a. utilizes mail and catalogs. b. utilizes high reach efforts. c. utilizes cell phones and forms of transportation. d. utilizes exposure methods. e. seeks high impact.

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Mobile marketing utilizes cell phones and forms of transportation.

What is mobile marketing?

Any form of advertising that uses mobile devices, such as tablets and smartphones, to advertise goods and services is known as mobile marketing. It uses characteristics of contemporary mobile technology, such as location services, to customize marketing campaigns according to a person's location.

Technology can be applied to mobile marketing to offer personalized promotions of products or services to a user who is always connected to a network.

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what are the roles of the states as economic globalization continues to grow? what makes these economies vulnerable?

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Globalization additionally creates a sense of interdependence among nations, which should create an imbalance of power amongst countries of specific economic strengths.

The role of the nation-state in a world world is mostly a regulatory one as the chief factor in global interdependence.

What is the role of globalization in monetary development?

In general, globalization decreases the fee of manufacturing. This means that organizations can provide goods at a decrease rate to consumers. The common fee of goods is a key component that contributes to increases in the standard of living. Consumers additionally have access to a wider variety of goods

Elements of monetary globalization

The growth in cross-border economic things to do takes five fundamental forms: (1) global trade; (2) overseas direct investment; (3) capital market flows; (4) migration (movement of labor); and (5) diffusion of technological know-how (Stiglitz, 2003).

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research indicates that high-performance teams are much more likely to develop when the manager hand-selects team members. True False

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The given statement is true, that high-performance teams are much more likely to develop when the manager hand-selects team members.

What holds true for high-achieving teams?

Teams that work well together have similar goals, objectives, and priorities. To ensure that their efforts result in success, they establish team and personal goals that complement this common vision.

In order for everyone to know exactly what they need to do and how to get there, goals must not only be aligned, but also clearly defined. The hand-picking of team members by the manager increases the likelihood of high-performance teams developing.

Therefore, it is true.

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what is appealing about the perfectly competitive equilibrium solution is selected answer: incorrect. all of the above answers: correcta. it identifies the point that is both socially efficient and socially fair b. it identifies the price at which the producer pays the entire production cost c. it identifies the point at the buyer pays the entire production cost

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All of the above is appealing about the perfectly competitive equilibrium solution.

What is an equilibrium with perfect competition?

When there is perfect competition, the market will be in an equilibrium when supply and demand are equal. At this moment, a firm's pricing will be established. Demand will have an impact on equilibrium in the short term.

Price equivalent to AVC results in a loss for the company. Because it needs to cover at least its AVC in the short run in order to manufacture, the company will close if the price drops even little below AVC. A firm is therefore in equilibrium in all of the aforementioned circumstances in the short run under perfect competition.

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Pricing approaches that consider the production and marketing costs and then add enough to cover direct expenses, overhead, and profit are known as ______ approaches.

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Answer:

The answer is Cost- oriented

beginning in january, a person plans to deposit $100 at the end of each month into an account earning 9% compounded monthly. each year taxes must be paid on the interest earned during that year. find the interest earned during each year for the first 3 years.

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The first year's interest was $33.56, the second year's interest was $109.64, and the third year's interest was 190.41$

What does it mean to earn interest?

The amount of interest earned from investments that pay the owner a regular series of required payments is known as interest earned. Investments in an interest-bearing bank account or certificate of deposit, for instance, can yield interest.

How is the annual interest earned multiplied?

Divide earnings before taxes and interest by the total interest due on debt to arrive at the TIE formula.

How is earned time interest explained?

The ability of a company to meet its debt obligations on a regular basis is measured by the Times Interest Earned (TIE) ratio. Divide a company's EBIT by its annual interest expense to arrive at this ratio.

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salespeople from acme corp. are searching for potential customers from company sales records, trade shows, commercial databases, newspaper announcements, public records, telephone directories, trade association directories, and many other sources. this is best described as

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Salespeople from acme corp. are searching for potential customers from company sales records, trade shows, commercial databases, newspaper announcements, public records, telephone directories, trade association directories, and many other sources. this is best described as prospecting.

An illustration of a salesman is someone who sells buses. A salesperson or salesman. A person who's employed to vend products or services. A person employed to vend goods or services. All salesmen can be grouped into one of three orders The Commodity salesman. The Price salesman. The Solution Value Salesperson.

A salesman is someone who sells a product or service, and his or her main idea is making deals. The salesman may or may not actually be passionate about the product or service. He or she's utmost interested in earning a plutocrat.

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my son is saving his allowance and chore money to buy a new bicycle. which function of money is he utilizing? group of answer choices medium of exchange. unit of account. store of value. standard of deferred payment.

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Medium of exchange of money is he utilizing.

Money is any item that is typically usual as a fee for goods and offerings and reimbursement of debts in a given socio-monetary context. the principle features of cash are distinguished as a medium of change; a unit of account; a store of cost; and, every so often, a preferred deferred fee.

The 4 unique types of money as classified by using economists are commercial money, fiduciary cash, fiat cash, and commodity money. cash whose fee comes from a commodity of which it's far made is referred to as commodity cash.

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suburbanization within more developed countries is due to a. expanding urban territory. b. increasing employment opportunities. c. desire to change lifestyle. d. regional development. e. global investment.

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Suburbanization within more developed countries is due to the desire to change lifestyle.

Suburbanization:

Suburbanization is the terms refers the growth and spatial reorganization of contemporary city. And the growth out of the compact city is the result of the flow of population, dwelling places, and commercial and industrial activities to new low-density settlements.

Given,

Here we need to find the reason for the suburbanization within more developed countries.

According to the definition of the suburbanization, the reason for the the suburbanization in the developed countries is the desire to change the lifestyle of the person.

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what is an interactive process of addressable communication that uses one or more advertising medium to affect, at any location, a measurable sale, lead, retail purchase or charitable donation, with this activity analyzed on a database for the development of ongoing mutually beneficial relationships between marketers and customers, prospects, or donors?

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direct marketing DMA is an interactive process of addressable communication that uses one or more advertising mediums to affect, at any location, a measurable sale, lead, retail purchase, or charitable donation, with this activity, analyzed on a database for the development of ongoing mutually beneficial relationships between marketers and customers, prospects, or donors.

Direct advertising and marketing is the shape of speaking a suggestion, where companies speak at once to a pre-decided consumer and supply a way for a direct response. among practitioners, it's also known as direct response advertising. In contrast, advertising is of a mass-message nature.

response channels include toll-loose cellphone numbers, reply playing cards, reply bureaucracy to be despatched in an envelope, websites, and electronic mail addresses.

the superiority of direct marketing and the unwelcome nature of some communications has led to policies and laws inclusive of the CAN-spam Act, requiring that purchasers inside America be allowed to decide out. Direct advertising, the usage of catalogs, became practiced in 15th-century Europe. The writer Aldus Manutius of Venice revealed a listing of the books he offered for sale. In 1667, the English gardener, William Lucas, posted a seed catalog, which he mailed to his clients to tell them of his fees. Catalogs spread to colonial the USA, wherein Benjamin Franklin is believed to have been the first cataloguer in British the united states. In 1744, he produced a list of medical and educational books.

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the tendency of existing firms to be slow to respond to changes in the industry environment due to their large size, established routines, or prior strategic commitments to existing suppliers and customers is known as

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Incumbent inertia is the tendency of existing firms to be slow to respond to changes in the industry environment due to their large size and established routines with existing suppliers and customers.

Incumbent inertia, defined as the failure to implement internal change in the face of significant external change, causes incumbents to fail in markets where they once held a competitive advantage. It is possible for an incumbent to become inert if they wait until the market is fully developed or if they are undecided about the best course of action. The literature does not mention this second explanation as a reason for incumbent inertia.

By allocating resources effectively and acquiring capabilities that enable them to outperform rivals, businesses can gain a competitive edge (Day, 1994), but as the competitive environment changes, firms may lose their ability to compete.

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tracy is covered by a group dental insurance plan at work. at her latest check-up, the dentist notes that she needed crowns on two teeth. under her plan, if the cost of dental work will exceed $500, the dentist submits the treatment plan to the insurer to calculate what the plan will cover and what the employee will pay. this provision is known as a

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Tracy is covered by a group dental insurance plan at work.  Under her plan, if the cost of dental work will exceed $500, the dentist submits the treatment plan. This provision is known as a predetermination of benefits.

A predetermination of benefits is an estimate in writing from your dental insurer of the sum your dental plan will pay for a particular treatment based on data supplied by your dentist.

The predetermination technique used by SDC is beneficial to the patient as well as the treating dentist. Predeterminations help you, the patient, understand your financial obligations and guarantee that the planned service is covered by the dental plan.

Predeterminations can speed up claim payment because documentation criteria are met before treatment starts. A dentist must submit a predetermination if the planned treatment plan costs more than $400 or includes periodontal therapy.

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