Proprietary insurer - Study guides, Class notes & Summaries
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CPCU 520 - Chapter 1 Understanding How Insurers Operate Review Questions with Answers
- Exam (elaborations) • 16 pages • 2024
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Insurer Y is involved in recycling and reusing materials used in policy production and claims handling and reporting. The insurer has also been keenly interested in salvage programs having learned that these programs are better for the environment and more cost-effective for insureds. By participating in these programs and activities, Insurer Y is meeting which one of the following insurer goals? 
 
Select one: 
A. Social responsibility goals 
B. Profitability goals 
C. Customer needs goals 
D. ...
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Wisconsin Health Insurance Law Questions and Answers Already Passed
- Exam (elaborations) • 7 pages • 2024
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Wisconsin Health Insurance Law 
Questions and Answers Already Passed 
 
How long does the free-look period last for an individual disability policy? 10 days 
 
What is the provision that allows the policyowner to, within a specified amount of time, return a 
new policy for a full premium refund? Free-look period 
 
Revealing a specific charge level for a procedure or a specific provider name are examples of 
information that might be construed as what? Proprietary 
 
If an insurer plans to stop ...
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AINS 101 Exam Question with 100 % correct answers | Verified 2024/2025
- Exam (elaborations) • 12 pages • 2024
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AINS 101 Exam Question with 100 % correct 
answers | Verified 2024/2025 
Risk - answerUncertainty about an outcome, positive or negative 
Pooling - answerAll insureds share costs of each others losses. All put money into a fund 
that is used to pay losses as they occur. 
Helps keep the premium affordable 
Helps cover large losses 
Benefits of Insurance - answer- Pay for losses 
- Manage cash flow uncertainty 
- Comply with legal requirements 
- Promote risk control activity 
- Efficient use of i...
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AINS 101 Exam Question with 100 % correct answers | Verified 2024/2025
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
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AINS 101 Exam Question with 100 % correct 
answers | Verified 2024/2025 
Risk - answerUncertainty about an outcome, positive or negative 
Pooling - answerAll insureds share costs of each others losses. All put money into a fund 
that is used to pay losses as they occur. 
Helps keep the premium affordable 
Helps cover large losses 
Benefits of Insurance - answer- Pay for losses 
- Manage cash flow uncertainty 
- Comply with legal requirements 
- Promote risk control activity 
- Efficient use of i...
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CPCU 520 Practice Exam Questions & Answers 2024/2025
- Exam (elaborations) • 5 pages • 2024
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CPCU 520 Practice Exam Questions & Answers 2024/2025 
 
 
Which one of the following functional areas of Keithly can assist Alex with this audit's irregularity? - ANSWERSSpecial Investigation Unit 
 
Which one of the following best describes a FAIR plan and its insureds? - ANSWERSState-run plans with cost spread among private insurers in the state 
 
Which one of the following departments provides information to the underwriting department to assist in selecting and rating risks? - ANSWERSRisk...
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SURGICAL TECH STUDY GUIDE FOR CST EXAM
- Exam (elaborations) • 111 pages • 2024
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What is an example of the interaction between personal and professional life? 
The nature of the OR results in some isolation from the general public 
 
 
 
Patient safety and hospital efficiency and effectiveness are related to? 
consistent communication 
 
 
 
 
Previous 
Play 
Next 
Rewind 10 seconds 
Move forward 10 seconds 
Unmute 
0:00 
/ 
0:15 
Full screen 
Brainpower 
Read More 
What tasks belongs to the medical records department? 
maintains and verifies all patient records, trascriptio...
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CPCU 520 - Connecting the Business of Insurance Operations
- Exam (elaborations) • 202 pages • 2024
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CPCU 520 - Connecting the Business of 
Insurance Operations 
5 insurer goals - answer1. Earn a profit 
2. Meet customer needs 
3. Comply with legal requirements 
4. Diversify risk 
5. Fulfill duty to society 
Internal Constraints on Achieving Insurer Goals: - answer1. Inefficiency - poor management, 
insufficient capital, outdated technology, inability to adapt to change 
2. Lack of expertise 
3. Size - large insurers can invest more in market research and product development; small 
insurers ca...
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AINS 101 Exam Question with 100 % correct answers | Verified 2024/2025
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
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- $12.49
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AINS 101 Exam Question with 100 % correct 
answers | Verified 2024/2025 
Risk - answerUncertainty about an outcome, positive or negative 
Pooling - answerAll insureds share costs of each others losses. All put money into a fund 
that is used to pay losses as they occur. 
Helps keep the premium affordable 
Helps cover large losses 
Benefits of Insurance - answer- Pay for losses 
- Manage cash flow uncertainty 
- Comply with legal requirements 
- Promote risk control activity 
- Efficient use of i...
-
CPCU 520 Practice Test Questions with Correct Answers
- Exam (elaborations) • 7 pages • 2023
- Available in package deal
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- $10.49
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CPCU 520 Practice Test Questions with Correct Answers 
Which one of the following functional areas of Keithly can assist Alex with this audit's 
irregularity? - ️️ Special Investigation Unit 
Which one of the following best describes a FAIR plan and its insureds? - ️️ State-run 
plans with cost spread among private insurers in the state 
Which one of the following departments provides information to the underwriting 
department to assist in selecting and rating risks? - ️️ Risk cont...
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PROPERTY AND CASUALTY EXAM PREP QUESTIONS AND ANSWERS 2024
- Exam (elaborations) • 8 pages • 2024
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Ch.1 
General Insurance 
 
 
 
Estoppel 
Prevents the denial of a fact previously established to be true 
 
 
 
The concept that the insured should not profit from an insurance transaction is called 
The principle of indemnity 
 
 
 
When an individual faces the risk of economic loss in the event of property damage, this indicates which of the following 
Insurable Interest 
 
 
 
What is not an option for managing risk 
Subrogating the risk 
 
 
 
What is not true of insurance 
It eliminates ris...
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