NSG 3100 Exam 3 Questions with 100% Correct Answers | Latest Version 2024 | Verified
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Course
NSG 3100
Institution
NSG 3100
1) The nurse would call the primary care provider immediately for which laboratory result?
1. Hgb = 16 g/dL for a male client
2. Hct = 22% for a female client
3. WBC = 9 × 103/mL3
4. Platelets = 300 × 103/mL3 - Answer: 2. Rationale: Option 2 is very low and can lead to death. The
client's r...
Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He
represents only ABC when marketing insurance products, and uses an administrative staff also
employed by ABC. Bill is a producer in the - ✔✔Direct writer marketing system
Because the insurance company usually determines policy wording and the insured has little
choice but to "take it or leave it," an insurance contract is a - ✔✔Contract of adhesion
Which one of the following best explains why producers should be alert to changes in clients'
loss exposures? - ✔✔Implemented risk management techniques may prove to be ineffective or
become obsolete
At Greenfield Insurance Company, Bernadette and Rachel are corporate underwriters, and
Tomas and Jose are field underwriters. All of the following are underwriting activities typically
performed by corporate (or staff) underwriters like Bernadette and Rachel, EXCEPT: -
✔✔Support producers and insureds
Joel is the underwriter for Stanton Industries. He received a notice from the premium auditor on
the account. After a recent visit to the insured's location, the auditor wanted to make Joel aware
of a decline in the business and some questionable business practices. Which one of the
following types of hazards is the auditor identifying? - ✔✔Moral hazards
Moral hazards - ✔✔include questionable business practices or a failing business.
,James West is a claims rep with Hatters Insurance. As he learns how to handle a claim from start
to finish, which one of the following best describes the correct order for him to follow during this
process? - ✔✔Identifying the policy, calculating a loss reserve, determining the cause of loss,
preparing a loss statement
Margaret was severely injured and scarred due to a recent accident. Which one of the following
is an example of general damages Margaret received? - ✔✔Compensation for disfigurement
Donna is an insurance producer. She makes an appointment with potential policyholder Sandie to
review her loss exposures. She asks Sandie to complete a questionnaire to assist her in this effort.
Donna is conducting a - ✔✔Risk management review
Rachel is a new employee of Westley Insurance, and has been asked to review some existing
policies to become familiar with the types of policies she will be working with. Which one of the
following will Rachel find is true as she conducts her review? - ✔✔Rachel finds the policy
begins with a coverage overview and then goes into more coverage details.
Sports, Inc. is looking to obtain a commercial property policy on its building for $400,000. If
their insurer decides to charge them a rate of $0.50 per $100 of building insurance, what
premium must Sports, Inc. pay? - ✔✔$2,000
Destructive competition in the insurance industry could result in - ✔✔Insurance shortages
The financial report for Hometown Insurer contains the following information:
Loss Ratio - ✔✔incurred losses divided by its earned premiums
Jessie is a new customer service representative (CSR) at the Winfield Agency. Jessie usually
engages in all the following activities, EXCEPT: - ✔✔Determining coverage quotes
Riley Turner is performing a comprehensive evaluation of Hardwick Enterprises to make sure its
insurance and risk management efforts are serving the organization appropriately. Which one of
the following will be true in regard to this effort? - ✔✔Besides risk management goals being
attainable, they should also pose a challenge.
Rachel is considering investing in the stock of an insurance company. Which one of the
following is likely to provide the best indication of the insurer's financial position at this point in
time? - ✔✔Balance sheet
Balance Sheet - ✔✔provides the best indication of its financial position because it shows
admitted assets, liabilities, and policyholders' surplus at a particular point in time.
Which one of the following is the amount of business an insurer can write based on regulatory
guidelines, usually a comparsion of the insurer's written premiums to the policyholders' surplus?
- ✔✔Capacity
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