Amy heads the legal staff of a large property and liability insurance company. Amy's staff is likely involved in which of the following activities?
A) reviewing investment options for the insurer's assets
B) reviewing language and policy provisions in insurance contracts
C) calculating premiums to be charged for the insurer's products
D) reviewing applications to determine if the company should insure the risk
Answer: B
Business
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A homeowner with a mortgage sells his home to a purchaser who agrees to assume the mortgage. The purchaser applies for and obtains the lender's approval, and the seller is released from liability for the mortgage. This is an example of:
A. assignment B. subrogation C. subordination D. novation
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Describe how the problem recognition process works in the five-stage model of the consumer buying process
What will be an ideal response?
Business