Insurance premium audit - Study guides, Class notes & Summaries
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CAIA Level I Exam 2023
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CAIA Level I Exam 2023 
5th percentile vs 25th percentile performance - CORRECT ANSWER-5th percentile 
managers outperform in every comparison BUT 25th percentile managers' performance 
is more volatile --> even if 25th percentile managers outperform they tend to mean 
revert --> demonstrates the perils of choosing managers based on historical 
performance 
alternative asset performance evaluation - CORRECT ANSWER-unlike in traditional 
assets, alpha is difficult to define in alterna...
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AIC 300|194 Questions with 100% Correct Answers | Verified | Latest Update
- Exam (elaborations) • 42 pages • 2024
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Indemnify - ️️To restore a party who has sustained a loss to the same financial position that party held before the loss occurred. 
 
Third-party administrator (TPA) - ️️An organization that provides administrative services associated with risk financing and insurance. 
 
Claims representative - ️️A person responsible for investigating, evaluating, and settling claims. 
 
Public adjuster - ️️An outside organization or person hired by an insured to represent the insured in a claim...
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CFE Exam - Financial and Fraud Schemes Questions With Correct Solutions, Already Passed!!
- Exam (elaborations) • 11 pages • 2024
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Illegal gratuity - Items to reward a decision after the recipient made the decision. Like a bribe 
Extortion - getting money by threats 
Economic extortion - When employee demands money through threats 
Kickbacks - Improper undisclosed payments made to obtain favorable treatment 
Three ways to prove corrupt payments - 1. Turn an inside witness 
2. Secretly infiltrate ongoing transactions 
3. Identify and trace corrupt payments through audit trail 
Inventory shrinkage - Loss of inventory resultin...
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Property and casualty Florida Exam Questions and Answers 100% Pass
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Property and casualty Florida Exam 
Questions and Answers 100% Pass 
risk - Correct Answer ️️ -Chance of a financial loss 
Assumed risk - Correct Answer ️️ -Amount of risk the insured is willing to absorb 
Pure Risk - Correct Answer ️️ -a risk that presents the chance of loss but no 
opportunity for gain 
Speculative Risk - Correct Answer ️️ -Chance of loss or gain 
insurance - Correct Answer ️️ -a practice or arrangement by which a company or 
government agency provides a gu...
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CFE Exam - Financial and Fraud Schemes Exam Questions With 100% Verified Answers
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CFE Exam - Financial and Fraud Schemes 
Exam Questions With 100% Verified 
Answers 
Illegal gratuity - answerItems to reward a decision after the recipient made the decision. Like a 
bribe 
Extortion - answergetting money by threats 
Economic extortion - answerWhen employee demands money through threats 
Kickbacks - answerImproper undisclosed payments made to obtain favorable treatment 
Three ways to prove corrupt payments - answer1. Turn an inside witness 
2. Secretly infiltrate ongoing transac...
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AINS 101 EXAM 2024 | 50 QUESTION WITH 100 % CORRECT DETAILED ANSWERS | VERIFIED|A+ GRADE
- Exam (elaborations) • 15 pages • 2024
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AINS 101 EXAM 2024 | 50 QUESTION WITH 100 % CORRECT DETAILED ANSWERS | VERIFIED|A+ GRADE 
 
Question 1 
Because insurance contracts impose an obligation for ethical practices and behaviors on the parties while dealing with one another, an insurance contract is called a 
Select one: 
A.	Contract of utmost good faith. 
B.	Conditional contract. 
C.	Contract of adhesion. 
D.	Contract of indemnity. 
 
 
Question 2 
Sota’s Superstore has recently become an insured of Keithly Insurance Company. Kaito...
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GA Personal Lines Insurance Terms Questions And Answers With Verified Updates
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A life or health insurance company formed to provide insurance for members of an affiliated lodge, 
religious, or fraternal organization with a representative form of government - Fraternal Benefit 
Society 
A definition on liability forms that describes the types of contracts in which liability is assumed by the 
insured and included for coverage in the policy. Examples are leases of premises, elevator maintenance 
agreements, easement agreements, and other agreements related to the insured's ...
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AIC 300: Claims in an Evolving World Latest 2024/2025 Updated Questions and Answers Guaranteed 100% Success.
- Exam (elaborations) • 38 pages • 2024
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Although most policies are occurrence forms, covering claims that occur during the policy period, some 
are claims-made forms. Which one of the following types of loss is most likely to involve a claims-made 
form? 
Select one: 
A. An automotive collision claim. 
B. A homeowners liability claim due to a slip and fall. 
C. A homeowners claim due to storm damage. 
D. A medical malpractice claim. - D. A medical malpractice claim. 
Claims-made forms are most often used for environmental, medical mal...
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AIC 300|194 QUESTIONS AND ANSWERS
- Exam (elaborations) • 42 pages • 2024
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Indemnify - ️️To restore a party who has sustained a loss to the same financial position that party held before the loss occurred. 
	 
Third-party administrator (TPA) - ️️An organization that provides administrative services associated with risk financing and insurance. 
 
Claims representative - ️️A person responsible for investigating, evaluating, and settling claims. 
 
Public adjuster - ️️An outside organization or person hired by an insured to represent the insured in a clai...
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AINS 23 Full Practice Exam Questions with Correct Answers (Already Graded A+)
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AINS 23 Full Practice Exam Questions with Correct Answers (Already Graded A+) 
 
Which one of the following is a characteristic of a site-specific environmental impairment liability policy? - Answer It provides coverage on a claims-made basis. 
 
Exclusions are generally very common in all insurance policies. Which one of the following is a correct statement regarding the exclusions in Part One of the standard Workers Compensation and Employers Liability (WC&EL) Insurance Policy? - Answer Part...
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