Insurance companies need a legal department for all of the following reasons EXCEPT:
(a) to review policy terminology before the coverage is marketed
(b) to prepare the insurance company's financial statements
(c) to help in the collection of subrogation recoveries
(d) to defend liability claims against their policyowners
Answer: (b) to prepare the insurance company's financial statements
You might also like to view...
Mini-Case Question. Organic Harvest Inc offers five flavors under the OrganicDrinks brand. Based on the success of these flavors, the firm introduces three new flavors of OrganicDrinks: Pink Pomegranate, Cool Coconut Water, and Spicy Apple Cider
In this example, Organic Harvest Inc uses which of the following product-line extension strategies? A) vertical brand-line extension B) horizontal brand-line extension C) new product-market brand extension D) cobranding E) product bundling
In a short essay, describe how nominal group technique can help avoid groupthink and enhance creativity in group decision making
What will be an ideal response?