One other-insurance provision assesses liability of an insurer in relation to the proportion that the company's insurance bears to the total amount of insurance in force. This other-insurance provision is:

(a) pro rata liability
(b) contribution by equal shares
(c) percentage participation
(d) primary and excess

Ans: (a) pro rata liability

Business

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The two pivotal factors that distinguish one competitive strategy from another boil down to:

a. (1) whether the company has a customer value proposition, profit formula, and collection of valuable resources; and (2) whether the company's market target is broad or narrow. b. (1) whether the company focuses on low cost, and (2) whether the company chooses offensive or defensive moves to counter the rivals. c. (1) whether the company chooses offensive or defensive moves to counter its rivals, and (2) whether the company's market target is broad or narrow. d. (1) whether the company has to deal with strong competitive forces, and (2) whether the company chooses offensive or defensive moves to counter its rivals. e. (1) whether the company's market target is broad or narrow, and (2) whether the company is pursuing a competitive advantage linked to lower costs or differentiation.

Business

Mike Smith has led the company softball team to three straight league championships with his excellent pitching skills. Surprisingly, Mike dislikes softball, never practices, and is often bored while pitching in games

This incident illustrates that ________. A) performance and motivation are not the same thing B) expectancy can moderate the motivational level expended C) valence must be high for a worker to perform the desired behavior D) what is functional for one worker may be dysfunctional for another

Business