CLCS EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLTUIONS AND VERIFIED
11 views 0 purchase
Course
CLCS
Institution
CLCS
CLCS EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLTUIONS AND VERIFIED
Signing a contract that makes someone else legally responsible for your acts is an example of what type of risk management technique?
a. Control
b. Retention
c. Non-insurance Transfer
d. Avoidance
C
Which of the follo...
clcs exam questions and answers with complete solt
Written for
CLCS
All documents for this subject (4)
Seller
Follow
NurseAdvocate
Reviews received
Content preview
CLCS EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLTUIONS AND VERIFIED
Signing a contract that makes someone else legally responsible for your acts is
an example of what type of risk management technique?
a. Control
b. Retention
c. Non-insurance Transfer
d. Avoidance
C
Which of the following is not a reason for exclusions in an insurance policy?
a. The loss is not commercially insurable
b. The exposure is better covered on another type of policy
c. The loss is wholly of partially within the control of the insured
d. The loss is fortuitous
D
The most distinctive feature of social insurance is that:
a. Social insurance provides an almost endless variety of coverage, meeting
almost any insurance need that arises.
b. Social insurance is a form of voluntary government insurance on risks that
private insurers may find too hazardous to assume on their own
c. Social insurance is available only to those individuals who choose to
participate in the program
d. Social insurance is compulsory in nature
D
, A nuclear explosion is not generally considered an insurable exposure because:
a. the loss would not be accidental
b. There would be no way to asses the monetary damages
c. It would be considered a catastrophic event
d. The loss would not be definite
C
Which one of the following is not classified as a profit-making insurer?
a. Cooperative insurer
b. Mutual insurer
c. Reciprocal insurer
d. Stock insurer
A
Losses that result from a direct loss to property are called:
a. uninsurable
b. unintended
c. indirect
d. indemnified
C
An insurer with a policy of insuring no more than 10 percent of the mobile homes
located in any one mobile park is:
a. Applying the law of large numbers
b. Spreading its risks
c. Applying the risk management technique of retention
d. Probably acting against the public interest
B
Donna is an agent of XYZ Insurance Comapany. She signed a contract with XYZ
specifically authorizing her to sell policies for XYZ. The authorization is an
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseAdvocate. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
