Insurance companies invest the premiums and fees collected from customers in order to neutralize the risks assumed from their clients

Indicate whether the statement is true or false.


Answer: TRUE

Business

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Acme Global is careful to keep salaries competitive. The human resources departments checks what other organizations are paying and also considers how long an employee has been working for the organization when determining pay levels. Acme Global always pays more than minimum wage and is careful to make sure that wages are fair. It appears Acme Global is reaching the ______ level of corporate social responsibility.

A. legal B. ethical C. benevolent D. social

Business

Explain the advantages and challenges of workplace diversity, including the specific ways that consumers, work teams, and business organizations benefit from more diverse workplaces

Business

Favorable and unfavorable variances are netted together in the same way debits and credits are

Indicate whether the statement is true or false

Business

Which of the following statements about claims settlement is true?

A) Agents are never authorized to settle claims. B) Independent adjustors may be used in a geographic area where the volume of business is too low for an insurer to have its own adjustors. C) A public adjustor is a salaried employee who works for one insurer. D) A staff claims representative is hired by a policyholder to represent him or her if the policyholder does not agree with the claim settlement offered by the insurer.

Business