Risk transference - Study guides, Class notes & Summaries

risk avoidance - ANSWER occurs when individuals evade risk entirely risk reduction - ANSWER occurs when chances of risk are lessened risk retention - ANSWER is being aware of the risks involved and taking precautions for financial protection. risk transference - ANSWER is the act of shifting the responsibility of risk to another in the form of an insurance contract. physical - ANSWER A bodily disease of endangerment, such as cancer, presents a _____ hazard. morale - ANSWER A menta...

Under a traditional IRA, interest is taxed: Only if withdrawn prior to age 59 1/2 According to the capital gains rate Upon distribution During the accumulation phase - ANSWER-Upon distribution Which of these statements concerning Traditional IRAs is CORRECT? Earnings are not taxable when withdrawn Earnings are taxable when withdrawn Contribution are never tax deductible Contributions are always made by the employer - ANSWER-Earnings are taxable when withdrawn Wh...

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 incom...

  A charge nurse is discussing mental status exams with a newly licensed nurse. Which of the following statements by the newly licensed nurse indicates an understanding of the teaching? (Select all that apply) A. "To assess cognitive ability, I should ask the client to count backward by sevens." B. "To assess affect, I should observe the client's facial expression." C. "To assess language ability, I should instruct the client to write a sentence." D. "To asse...

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

risk avoidance correct answers occurs when individuals evade risk entirely risk reduction correct answers occurs when chances of risk are lessened risk retention correct answers is being aware of the risks involved and taking precautions for financial protection. risk transference correct answers is the act of shifting the responsibility of risk to another in the form of an insurance contract. physical correct answers A bodily disease of endangerment, such as cancer, presents a _____...

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 incom...

NBME CBSE ACTUAL TEST QUESTIONS AND ANSWERS 2024(COMPLETE) (Quiz bank with all the correct answers) (USMLE step 1)Medical examination NBME CBSE ACTUAL TEST 2024 62 year old woman - osteoporosis – a bisphosphonate is prescribed. The expected beneficial effect of the drug is due to which of the following? Decreased Osteoclast Activity Cohot Study of elderly women – relative risk ratio for hip fractures among those who exercise regularly is 1.2 (95% confidence interval of 1.1 to ...

Life and Health Insurance Exam 1 Questions and Answers Already Passed UNIT 1: The term used to describe the individual who is covered by the insurance is A. insurer B. insured C. policyowner D. risk B Which of the following is a risk? A. A car may need to have new brakes installed after several years of regular driving. B. An individual may need medical attention after slipping on the ice and falling. C. Both are examples of risk. D. Neither is an example of risk. B The estimation of fu...

risk avoidance - ANSWER occurs when individuals evade risk entirely risk reduction - ANSWER occurs when chances of risk are lessened risk retention - ANSWER is being aware of the risks involved and taking precautions for financial protection. risk transference - ANSWER is the act of shifting the responsibility of risk to another in the form of an insurance contract. physical - ANSWER A bodily disease of endangerment, such as cancer, presents a _____ hazard. morale - ANSWER A menta...