Answer questions Essay Example | Topics and Well Written Essays - 750 words

Answer questions - Essay specimenpr influenceice 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 commonly prudent in his affairs of conducting his activities, yet causing some damage to the patient, in an unknowingly hit-and-run(prenominal) manner. It therefrom 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 perfunctory affairs. The insurance should not be treated like a ticket to being negligent, but only if 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 s ecurities that have lost start on their value, misrepresentation or fraud may be committed by the broker and the order that he represents. Thus, the line should be drawn when one steps onto fraudulent methods to earn a high equip.31. It is ethical for an insurance company to base the commission of an agent on the basis of a purchasers needs because at the end of the company is carrying out a business transaction and all agent acting on behalf of the company should be entitled to receive that which he is able to fetch regardless of the buyers 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 treasure and enforce the judgments that are awarded by courts in different 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 si milar case taking place elsewhere. The state thus must foster