Actuarial report - Study guides, Class notes & Summaries

LOMA 371 Exam Questions with Correct Answers Product development - Answer-The pricess companies use to create new products or modify existing products Technical design (product design) - Answer-The phase in the product development process in which a product's financial structure is created Risk appetite - Answer-The amount and type of risk that an organization is prepared to seek in the pursuit of profits or other strategic objectives First Mover Strategy - Answer-A company attempts t...

Smartbook Ch. 7 Exam Questions And Answers 100% Verified 2024/2025 Criteria for fiduciary activities include ______. - answer-a trust agreement in which the government is not the beneficiary and assets are protected from its creditors -government custody of assets or the ability to direct their use for the benefit of others Which of the following is NOT a type of fiduciary fund? - answerpublic-purpose trust Instead of revenues and expenses, fiduciary funds use the terms _____ and ______. -...

LOMA 371 Exam Questions with Correct Answers Product development - Answer-The pricess companies use to create new products or modify existing products Technical design (product design) - Answer-The phase in the product development process in which a product's financial structure is created Risk appetite - Answer-The amount and type of risk that an organization is prepared to seek in the pursuit of profits or other strategic objectives First Mover Strategy - Answer-A company attempts t...

Smartbook Ch. 7 Exam Questions And Answers 100% Verified 2024/2025 Criteria for fiduciary activities include ______. - answer-a trust agreement in which the government is not the beneficiary and assets are protected from its creditors -government custody of assets or the ability to direct their use for the benefit of others Which of the following is NOT a type of fiduciary fund? - answerpublic-purpose trust Instead of revenues and expenses, fiduciary funds use the terms _____ and ______. -...

CPCU 500 Exam Questions With 100% Correct Answers Key questions in determining insurable interest - answer1. What is insurable interest 2. When must insurable interest exist 3. Why require insurable interest 4. What is the legal basis of insurable interest 5. What happens when insurable interest overlap Problems associated with maintain insurance to value - answer1. The amount of insurance required to maintain insurance to value is based on the property's value at the time of loss, but ...

SPHR-3 Exam 54 Questions with Verified Answers QUESTION 151 Your organization will be using the point factor technique in their evaluations of job performance. You need to communicate what the point factor technique accomplishes as you're the HR Professional for your organization. Which one of the following best describes the point factor technique? A. Specific compensable factors are identified and then performance levels within the factors are weighted on importance to the employee. B. ...

2024 Texas Adjuster Exam Questions with Verified Answers If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. $30,000 Which of the following statements best describes an inland marine policy? Pertains to Cargo with no fixed location Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive coverage with a $500 deduct...

2024 Texas Adjuster Exam Questions with Verified Answers If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. $30,000 Which of the following statements best describes an inland marine policy? Pertains to Cargo with no fixed location Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive coverage with a $500 deduct...

Insurance - Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. Life Insurance - Is based on actuarial or mathematical principles and guarantees a specified sum of money upon the death of the person who is insured. Health Insurance - Evolved from scientific principles to provide funds for medical expensed due to sickness or injury and to cover loss of i...

Which of the following is required for the renewal of an agent's insurance license? - passing an examination - college credits - continuing education - pre licensing education - ANSWER-Continuing education Insurance agent Kelly offers a prospect a $1,000 shopping card if an insurance policy is purchased through her. What illegal activity is this an example of? - defamation - twisting - rebating - coercion - ANSWER-Rebating John the agent made public statements that falsely p...