RVI sells mid-sized to large, new and used vehicles. A selling discount occurs when the buyers sign an agreement with RVI. under the agreement, RVI cares for the vehicle when the owners are not using it, rent the vehicles to third party. the risk of theft is significant for these types of vehicles, therfore RVI ensures the pwners have insurance coverage. but the insurance company complains about excessive claims and losses and no longer allowed the insured vehicles to be rented out. most owners switched insurance company, but there are currently 10 vehicles on the lot with no insurance, and not covered by any other insurance. RVI has not be able to get in touch with their owners. discuss this issue. is this a financial reporting issue? please answer me as detail as possible.
2007-11-17
09:46:05
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3 answers
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asked by
angel
1