Risk purchasing group - Study guides, Class notes & Summaries

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - answer-C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: the...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by crea...

MAN 4583 Final Exam Questions and Answers Rated A+ What is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives? Risk What are the 3 steps in understanding risks? 1. Hold a brainstorming session 2. Industry specific risk categories 3. Look at WBS and identify risks by tasks or group of tasks What are the four ways to manage project risk? Develop a risk management plan 1. Identify risks 2. Perform qualitative & quantitative...

Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of these techniques will remove the risk of losing money in the stock market by never purchasing stocks? Answer: Risk avoidance Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks. Q: Which of the following nursing home options would BEST suit an individual who needs some nursing care and supe...

Massachusetts Life and Health Insurance Exam Study Guide. Insurance - answerTransfer of Risk Risk - answerUncertainty/ Possibility of Loss Exposure - answerRisks for which the insurance company would be liable Peril - answerCause of Loss Hazard - answerSomething that causes an increase in the chance of loss Physical Hazard - answerHazard that can be seen Moral Hazard - answerA belief that intentionally causing a loss is acceptable Morale Hazard - answerCarelessness STARR - answerMethod...

4 types of hazards - 1) physical hazard 2) moral hazard 3) attitudinal hazard 4) legal hazard 6 characteristics of an insurable risk - 1) there must be a large number of exposure units 2) the loss must be accidental and unintentional 3) the loss must be determinable and measurable 4) the loss should not be catastrophic 5) the chance of loss must be calculable 6) the premium must be economically feasible active retention - active risk retention means that an individual is consciously aw...

MIE 201 Exam 4 NCSU Already Graded A marketing a group of activities designed to expedite transactions, by creating, distributing, pricing, and promoting goods, services, and ideas exchange act of giving up one thing in return for something else functions of marketing buying, selling, transporting, storing, grading, financing, marketing research, risk taking time utility ability to satisfy demand in a timely manner grading standardizing products by dividing them into subgroups a...

complete Test Bank (2024) Lippincott's Q&A Review for NCLEX-RN® | (Lippincott's Review for Nclex-Rn) 1. The nurse is planning care with a Mexican-Americ an client who is diagnosed with depression. The client believes in “mal ojo” (the evil eye), and uses treatment by a root healer. The nurse should do which of the following? 1. Avoid talking to the client about the root healer. 2. Explain to the client that Western medicine has a scientific, not mystical, basis. 3. Explain that such beliefs...

AZ Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of these is an accurate statement regarding the fixed period settlement option on a life insurance policy? Answer: A portion of the payments paid to the beneficiary comes from interest calculated on the proceeds of the policy Q: Under what circumstance does an accident and health insurer have the right to request an autopsy? Answer: When not prohibited...

WGU D251 - Advanced Auditing Exam Questions With Correct Answers | Verified | Latest Update 2024/2025 | 100% SOLVED. alternative procedures - Correct Answer-Procedures used to obtain evidence about the existence and valuation of accounts receivable when a positive confirmation is not returned, including examining cash collected after the confirmation date and vouching unpaid invoices to customers' orders, sales orders, shipping documents, and sales invoices. Altman Z-scores - Correct Answe...