Only pure risks - Study guides, Class notes & Summaries

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CPCU 500: Becoming a Leader in Risk Management and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update)
  • CPCU 500: Becoming a Leader in Risk Management and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update)

  • Exam (elaborations) • 49 pages • 2023
  • CPCU 500,Becoming a Leader in Risk Management and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: Which one of the following is an element of a loss exposure? Choose one answer. A. The verification of risk B. A cause of loss C. The probability of a loss D. The occurrence of a loss Answer: B. A cause of loss Q: The statement "There is a 5 percent chance that John will be injured in an automobile accident while drivi...
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CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024
  • CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024

  • Exam (elaborations) • 22 pages • 2023
  • CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024 CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024 Admitted Insurance Company vs. Non-Admitted Insurance Company An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (...
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RMI 2302 FSU NYCE EXAM 1 Questions And Answers (Verified And Updated)
  • RMI 2302 FSU NYCE EXAM 1 Questions And Answers (Verified And Updated)

  • Exam (elaborations) • 10 pages • 2024
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  • RMI 2302 FSU NYCE EXAM 1 Questions And Answers (Verified And Updated) Risk Likelihood - answerFrequency - the probability that a loss can occur. What 3 ways can Risk Likelihood be categorized - answerHigh - an event is expected to happen in most circumstances Medium - an even will probably happen in many circumstances Low - an event may occur at some point Risk Impact - answerSeverity - the potential effect that a loss could have if it arises. Risk prevention methods are best applied to ...
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RMIN 4000 Test 2 Daniel Brown (2024/2025) 100% Solved
  • RMIN 4000 Test 2 Daniel Brown (2024/2025) 100% Solved

  • Exam (elaborations) • 9 pages • 2024
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  • RMIN 4000 Test 2 Daniel Brown (2024/2025) 100% Solved Stock Insurer Corporation owned by Stockholders (earn profit for stockholders by increasing the value of the stock and paying dividends). Mutual Insurer Corporation owned by Policyholders (profits are distributed to policyholders by dividends or rate reductions). Advance Premium Mutual Assessment Mutual Fraternal Insurer Lloyd's of London Specialized lines of business. Brokers represent policyholders to arrange coverage wit...
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RMI 2302 FSU NYCE EXAM 1 Questions And Answers (Verified And Updated)
  • RMI 2302 FSU NYCE EXAM 1 Questions And Answers (Verified And Updated)

  • Exam (elaborations) • 10 pages • 2024
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  • RMI 2302 FSU NYCE EXAM 1 Questions And Answers (Verified And Updated) Risk Likelihood - answerFrequency - the probability that a loss can occur. What 3 ways can Risk Likelihood be categorized - answerHigh - an event is expected to happen in most circumstances Medium - an even will probably happen in many circumstances Low - an event may occur at some point Risk Impact - answerSeverity - the potential effect that a loss could have if it arises. Risk prevention methods are best applied to ...
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Texas Property & Casualty Insurance License Exam With Accurate Answers 2023
  • Texas Property & Casualty Insurance License Exam With Accurate Answers 2023

  • Exam (elaborations) • 7 pages • 2023
  • Texas Property & Casualty Insurance License Exam with Accurate Answers 2023 In order to be considered legally binding, an insurance contract must include all of the following - Offer and acceptance. Competent parties. Consideration (The four essential elements of all legal contracts are offer and acceptance, consideration, legal purpose, and competent parties.) With respect to a bonded contractor who defaults on a construction performance contract, which of the following statements is...
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ACA Final Exam Questions and Answers 2023
  • ACA Final Exam Questions and Answers 2023

  • Exam (elaborations) • 11 pages • 2023
  • ACA Final Exam Questions and Answers 2023 At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above All of the above Which of the following is NOT one of the duties of the Department of Financial Services? License adjusters Set rates and write policies ...
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CPCU 500 Exam Questions- Managing Evolving Risks with correct Answers
  • CPCU 500 Exam Questions- Managing Evolving Risks with correct Answers

  • Exam (elaborations) • 36 pages • 2023
  • Drones may be equipped with cameras that relay data in real-time Which one of the following uses infrared light to detect nearby objects? - Answer- Lidar AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company ...
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WebCE Exam Questions with correct Answers
  • WebCE Exam Questions with correct Answers

  • Exam (elaborations) • 6 pages • 2023
  • Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...
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ATI MENTAL HEALTH PROCTORED REAL EXAM LATEST QUESTIONS  AND CORRECT ANSWERS (VERIFIED ANSWERS)
  • ATI MENTAL HEALTH PROCTORED REAL EXAM LATEST QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)

  • Exam (elaborations) • 36 pages • 2023
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  • ATI MENTAL HEALTH PROCTORED REAL EXAM LATEST QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) Wernicke-Korsakoff Expected Finding - ANSWER- Confusion Heroin Intoxication Expected Finding - ANSWER- Respiratory Depression Reaction of Terminal Cancer Diagnosis - ANSWER- Denial Valproic Acid Teaching - ANSWER- Teach the need to regularly monitor liver function levels due to the risk of hepatotoxicity When should Donapezil be taken? - ANSWER- Bedtime to reduce the risks for injury due to...
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