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[solution] » (Risk Management) Your neighbor Sam told you that he buys insurance from your best friend Jack wh


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(Risk Management) Your neighbor Sam told you that he buys insurance from your best friend Jack who is an appointed agent of his

insurer, the ABC insurance company. Because of his relationship with Jack he is not worried that he will put ABC

interests above his and he believes that Jack's loyalty to him will be much greater than

that to the insurance company. On the other hand, he knows that Jack is a bit forgetful and he

worry that Jack may not get all the information Sam gives him to ABC. He is concerned

that this may lead to a problem if he ever has a loss as the insurer could deny

coverage on the grounds that they didnt know certain crucial facts. What would you

advise Sam?

 


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[solution] » (Risk Management) Your neighbor Sam told you that he buys insurance from your best friend Jack wh.zip

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This paper was answered on 14-Oct-2020

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