Reserving - Study guides, Class notes & Summaries

Texas Gov 2306 Collin College -Tx gov. 2306 final examwhat group was the dominant force in the constitutional convention? - correct answer The Grange One of the main objectives of the writers of the 1876 constitution. - correct answer To return as much direct control as possible to the people. One of the main features of the constitution is that - correct answer it intentionally restricted the power of state government and of all the institutions of state government. Similarities betwee...

NASCLA Business Law and Management EXAM SC Latest Update Graded A+ Sole Proprietorship a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatment and are subject to direct taxation S...

Perils: - ️️The causes of loss insured against in an insurance policy. -Life insurance -Health insurance -Property insurance -Casualty insurance Direct response marketing: - ️️A direct response marketing system effectively bypasses the insurance agent. Business is conducted over the phone, through the mail, or online. This is a perfectly legal approach to selling insurance. It is not mandatory in all situations for the insured to physically sign any documents in order for coverag...

Hard ticket is an event to which tickets are sold to the general public and where final payment to the healing artist is directly relates to how many tickets are sold. (T/F) - true Casino shows (which utilize a high number of comp tickets), fundraisers, and private shows are considered soft ticket events (T/F) - True A hard ticket even is typically where the main source of entertainment is the artist performance - True The process of reserving tentative dates in a venues calendar and reser...

NASCLA Business Law and Management Exam Sc, 107 Questions With 100% Correct Answers 2024. With Complete Solution. Sole Proprietorship a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapte...

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...

AIC 300 Claims in an Evolving World 50 Questions and Answers Adam manages a claims department for an insurer. He measures the department's performance by best practices, claims audits, customer satisfaction data, and loss ratio. Which one of Adam's measures refers to a system of identified internal practices that claims representatives perform to produce superior performance? A. Claims audits B. Best practices C. Loss ratio D. Customer satisfaction data - ️B. Best practices ...

An estimate of the amount of money the insurer expects to pay in the future for losses that have already occurred and been reported, but are not yet settled. - Answer-Loss reserve The expense that an insurer incurs to investigate, defend, and settle claims according to the terms specified in the insurance policy. - Answer-Loss adjustment expense (LAE) The expense an insurer incurs to investigate, defend, and settle claims that are associated with a specific claim. - Answer-Allocated loss ad...

List the 2 fundamental principles of insurance? : - premiums of the many used to pay losses of few - premium shall be commensurate with the risk Why would an insurer spread risks over divers geographical areas? : - soften the burden of localized disasters on insurers What is a risk pool? : - syndicates of insurance or reinsurance companies that have organized to underwrite a particular risk or group of similar risks - to share and spread risk between insurers and reinsurers Explain the...

What is the amount of O2 a nasal cannula can deliver? - 1-6 L/min: 24%-44% - (low-flow device) - humidified if >4L *Prongs must curve downward to direct oxygen into lower airway What are the advantages of the nasal cannula? - Safe and simple - Easily tolerated - Effective for low concentrations - Does not impede eating or talking - Inexpensive, disposable What are the disadvantages of the nasal cannula? - Unable to use with nasal obstruction - Drying to mucous membranes - Can dislodge easi...