Property Insurance Is Not Assignable Without

question 13

Multiple Choice

Property insurance is not assignable without

• A)consent of the insured.
• B)novation.
• C)subrogation.
• D)acceptance of new policy holder.
• E)promise of indemnity.

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Definitions:

WACC

Weighted Average Cost of Capital; a measure of a firm's cost of capital in which each category of capital is proportionately weighted.

After-Tax Cost

The cost of a transaction or financial product after accounting for the effects of taxes on its overall expense.

Retained Earnings

The portion of a company's profits that is retained and reinvested in the company rather than distributed to shareholders as dividends.

Tax Treatments

The specific methods or rules applied in calculating tax obligations or entitlements for different forms of transactions or entities.