Contribution limits - Study guides, Class notes & Summaries

Insured that faces a liability loss expected? - Provide prompt notification Promptly forward to the insurer any loss notice, demand, summons, or other legal process. Assist the insurer in making a settlement. Attend the trial or other proceedings, if requested. Provide witnesses information Assume no obligation and make no payments directly to claimants Do not admit to the claim Policy Limits - The maximum amount an insured may collect, or for which an insured is protected under the te...

Casualty Insurance Exam Questions And Correct Answers Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as Coverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be divided? Contribution by equal shares or contribution with limits Which of the following limits of liability in a commercial general liability policy is the m...

Property and Casualty Exam Latest Update Graded A+ Bailee An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value A property policy provision that changes the valuation method otherwise applicable (ACV or RV) to a valuation method that allows reimbursement to the insured, acco...

Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as - Answer Coverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be divided? - Answer Contribution by equal shares or contribution with limits Which of the following limits of liability in a commercial general liability policy is the most that will be paid for coverag...

Xcel Final Exam Questions and Answers Already Passed Typically, Long-Term Disability benefits are coordinated with which benefit plan? Social Security The focus of major medical insurance is providing coverage for medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? $200 because this policy has a zero deductible, the i...

Q. When can a bank trustee sell or purchase assets from a trust where it serves in a fiduciary capacity? A. When the trustee desires to relieve itself from such liability with the approval of the board B. When the trust sells property to any non-officer of the bank, if the trust committee deems the price reasonable C. When the trust purchases stock or obligations of the bank, if the bank or its holding company is listed on a recognized stock exchange D. When the trust sells assets in one a...

WGU C426 Healthcare Values and Ethics Rated A+ Normative Ethics Attempt to determine what moral standards should be followed so that human behavior and conduct may be morally right. Consequential Ethics Theory of ethics emphasizes that the morally right action is whatever action leads to the maximum balance of good over evil. - What will be the effects of each course of action? - Will they be positive or negative? - Who will benefit? - What will do the least harm? Utilitarian Ethics The conce...

Insured that faces a liability loss expected? - ANSWERSProvide prompt notification Promptly forward to the insurer any loss notice, demand, summons, or other legal process. Assist the insurer in making a settlement. Attend the trial or other proceedings, if requested. Provide witnesses information Assume no obligation and make no payments directly to claimants Do not admit to the claim Policy Limits - ANSWERSThe maximum amount an insured may collect, or for which an insured is protecte...

HIMS 5635 Quality Exam 1 Questions and Answers 100% Pass Total Quality Management (TQM) - Answer-"A management philosophy that includes all activities in which the needs of the customer and the organization are satisfied in the most efficient manner by using employee potentials and continuous improvement." Satisfy the customer by using employee potential and continuous improvement Quality Definition (Manufacturing) - Answer-Q = P/E p: performance E: expectation Measure of excellence o...

Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known asCoverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be divided?Contribution by equal shares or contribution with limits Which of the following limits of liability in a commercial general liability policy is the most that will be paid for coverage c because of bodil...