Answer questions - Essay Example

Only on StudentShare

Extract of sample
Answer questions

practice insurance does not mean that a professional can use the same when he conducts an act of negligence; the insurance is simply for protecting him against some malpractice committed while being ordinarily prudent in his affairs of conducting his activities, yet causing some damage to the patient, in an unknowingly negligent manner. It thus should not ideally lessen the care that is taken by a professional in his work.
29. The role of the insurance industry is to reiterate the fact that despite any professional possessing liability insurance, he must not fall short of being competent or prudent while conducting his daily affairs. The insurance should not be treated like a ticket to being negligent, but merely used during a time of crisis.
30. Churning amounts to a breach of securities law; when a broker conducts an excessive transaction and sells the securities that have increased in their value while keeping the securities that have lost out on their value, misrepresentation or fraud may be committed by the broker and the company that he represents. Thus, the line should be drawn when one steps onto fraudulent methods to earn a higher commission.
31. It is ethical for an insurance company to base the commission of an agent on the basis of a buyer’s needs because at the end of the company is carrying out a business transaction and every agent acting on behalf of the company should be entitled to receive that which he is able to get; regardless of the buyer’s needs, the agent will only be entitled to the amount of commission equal to that of the policy that he has been able to sell to the client.
32. It is important and pertinent for a state to respect and enforce the judgments that are awarded by courts in other states as well as the statutes and case laws of other states because when a certain judgment has been passed for a particular case in a state, it may act as a precedent for a similar case taking place elsewhere. The state thus must foster ...Show more

Summary

The license of professionals helps them to guard against malpractices in the sense that it helps to mitigate the gravity of the situation. In order to have the desired effect, the license must be clearly documented, should be in compliance with policies and procedures, and…
Author : zmurazik
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Answer questions"
with a personal 20% discount.
Grab the best paper

Related Essays

Answer following questions
This act was thus formulated to help disarmer the people. This act thus formed the Law Enforcement Assistance Administration; this was a police force that was charged with the implementation of the mandate of this legislation. They thereafter set out top disarmer the general public in an exercise that was not at a very peaceful encounter.
5 pages (1250 words) Assignment
Answer the two questions
When Hamilton argues for the judicial independence, he states that the judiciary has no power over the sword or the purse. In other words, judiciary is the weakest branch of government. He indicates that the judiciary does not
2 pages (500 words) Essay
Answer following questions
They thereafter set out top disarmer the general public in an exercise that was not at a very peaceful encounter. Those who came on the way of the force
5 pages (1250 words) Assignment
AUSTRALIAN Company Law - the 4 step process and short answer questions
(1) If a partner in a firm other than an incorporated limited partnership who is a trustee improperly uses trust property in the firms business, or for the firm, another partner in the firm is not liable for the trust property to the
6 pages (1500 words) Essay
Answer questions about two cases
The issue for determination is existence of negligence liability on the side of Rob and this identifies analysis of essential elements of negligence and possible defences as the criteria for determining successful
4 pages (1000 words) Essay
Answer questions
ing, but will lend against the last three if there are sufficient evidence of credit worthy of business partners up to a maximum amount that can recovered through available asset seizures. Weekly reports may also be required for high risk ventures. If the borrower defaults on
1 pages (250 words) Assignment
Answer following questions
For instance, if a soft drink company fails to sieve its syrup effectively hence having some solid particles in their final product, any customer who suffers injuries after drinking it
2 pages (500 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT