Buying something tangible — a shirt for example — is usually not a stressful decision. Either you like it or you don't. And you can always take it back. Buying a life insurance policy, however, is a different story. Once you sign a contract, you may only have a few...
This article briefs about the Closed Books policies and its current position in the Life insurance market. Closed Books are policies that are no longer sold but are still on the books of a life insurance carrier as premium-paying policies. The hardware and application maintenance costs for the systems that...
The Drugs and Alcohol policy documents the company's intention to maintain its property and to provide a drug-free work environment that is both safe for its employees, including others having business with the Company or on Company property, and conducive to efficient and productive work standards. This policy restricts certain...
The purpose of the Short-Term Disability policy is to clearly define the eligibility requirements, benefits, administration of, case management of, disputes, reductions, confidentiality/privacy issues as they relate to the release of medical information, termination, as well as other important topics related to this disability benefit.
We consider a single stage periodic-review inventory system with backorders and dual sourcing: Replenishment can occur through a regular channel and/or a more expensive expedited channel with a smaller lead time. Globally optimal policies for these problems are in general highly complex; we therefore introduce a simple class of heuristic...
Intellectual Property IP protection involves a trade-off between the undesirability of monopoly and the desirable encouragement of creation and innovation. Optimal policy depends on the quantitative strength of these two forces. Quantitative assessment of current IP policies is given. This paper focuses particularly on the scale of the market, showing...
This paper uses a micro-founded macro econometric modeling framework to investigate the design of monetary policy when the central bank faces uncertainty about the true structure of the economy. It applies Bayesian methods to estimate the parameters of the baseline specification using postwar U.S. data, and then determine the policy...
The author argued for three propositions, namely that the US should shed its subtle isolationism, work towards world goals that did not advantage it "At the expense of other nations and peoples" and choose goals that were positive rather than negative. Eleanor Roosevelt's propositions constitute an interesting test of US...
This paper argues that limited asset market participation before 1980 in the US and the change thereof is crucial in explaining macroeconomic performance and monetary policy conduct. Our model predicts that when participation rates change from low to high the slope of the IS curve changes from positive ('non-Keynesian') to...
It's health insurance that private insurance companies sell to help fill gaps in what the Original Medicare Plan covers. Medigap policies are also known as "Medicare Supplement Insurance." Medigap policies pay most - if not all - of the costs for coinsurance and co-payments under the Original Medicare Plan. These...
From the executive summary: ‘The paper argues that the U.S. policy of competitive sourcing will fail. He prime reason for this being Government's unwillingness to appreciate the policy's costs leading to the corresponding failure to identify, obtain, and invest appropriate resources needed to properly operationalize the policy. The Government simply...
The first type of permanent life insurance that we look at is universal life insurance. Universal life insurance is also called adjustable life insurance. Remember that, with permanent life insurance, some of your premium is invested. This article also explains some features of universal life which includes Flexible premiums, Cash...
Until now, inside and outside directors were covered by identical D&O insurance. Many policies create worries among independent directors are that their personal assets may be at risk in this scenario of bankruptcies. Insurers say they have a solution. When certain losses are not indemnified, or paid by other D&O...
Does a policy adequately protect a bankrupt company’s directors and officers? As the directors and officers of Adelphia Communications Corporation were surprised to learn, the answer may be “probably not.” The question of coverage is particularly important in bankruptcy, as shareholders are likely to second guess corporate officers’ judgments and...
Homeowners insurance represents the first multi-line policy sold in the United States. It was a combination of the fire, extended coverage, theft, personal liability, and medical policies, which had all been sold separately before. The Insurance Company of North America is given credit for filing the first homeowners policy, in...
The policy establishes standards for classification and account management of retail credit in banks and thrifts. It generally requires that closed-end loans be charged off when 120 days past due and that open-end credit be charged off when 180 days past due. The policy allows examiners to classify retail credits...
This article explains the policy statement that restates and reaffirms a long-standing policy of the Company and its predecessors that establishes the highest standards of legal and ethical conduct for the company. It is the policy of the company to comply fully with all laws governing its operations and to...
The question of whether there is coverage under an insurance policy often depends upon the way that the particular policy provision is drafted. Because the policy will be construed in favor of coverage, in the event the provision is vague, the need for careful policy drafting cannot be overemphasized. However,...
