Risk transfer - Study guides, Class notes & Summaries

Types of Stakeholders - ANSWER managers and employees customers insurers vendors industry associations government Transfer - ANSWER Insurance: transfer of financial consequence to an insurance company Non Insurance: when a customer transfers financial consequences to another by contract or agreement Retention - ANSWER Active: when a customer knows before the loss that they are responsible for all or part of the loss Passive: Whoops! when a client finds out after a loss occurs that ...

Aging in Place - A process whereby individuals remain in their living environment despite the physical and/mental decline and growing needs for supportive services that may occur in the course of aging. ADLs (Activity of Daily Living) - The functions or tasks for self-care, which are performed either independently or with supervision or assistance, such as: dressing, bathing, toileting, transfer, locomotion, bed mobility, and eating. Assisted Living - A coordinated array of supportive personal...

Contractual Risk Transfer in Construction UPDATED Exam Questions and CORRECT Answers Cowboy Contractor's subcontract with Paula Painter requires Paula to indemnify Cowboy for personal injury and property damage arising out of her work for Cowboy. Because she has studied her CGL policy, Paula knows she should request the following modification to the subcontract: a. substitute "bodily injury" for "personal injury." b. substitute "physical damage" for "property damage." c. su...

Primerica Life Insurance Exam Questions and Answers Already Passed An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock A. mutual funds not paid out after paying claims and other operating costs are returned to the po...

PRIMERICA LIFE INSURANCE EXAM 2024 |Question and Answer| 100% Correct An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock *Ans* A. mutual funds not paid out after paying claims and other operating costs are r...

RSK4803 Assignment 3 Semester 2 2024 | Due 7 October 2024. All questions answered with references. Question 1 22 marks 1.1 In a management meeting, it was decided that the company needs to establish the risk management function. However, there were different views about the main objective of risk management. Choose the correct view about the responsibility of risk management. (2) a. The chief executive officer held that the responsibility of risk management would be to assess, control and...

(CH. 1 The Risk Mgr - LO 1) Reporting Structures & The x2 Effects - RM should report to the highest level of management which differs at each company. CFO, President COO, Dir of HR, Legal, Affects: 1. Risk Appeite - Legal would be less & Marketing more accepting 2. Areas of Focus for RM would differ - HR focused on People, Legal focused on Insurance & Compliance. (CH. 1 The Risk Mgr - LO 1) RM typical Responsibilities - Insurance - Risk Financing through Transfer & Retention Contract & ...

ATI, Virtual ATI predictor, Comprehensive predictor test Verified/Correct answers, VATI Greenlight, VATI (Q & A Bank 2023) New TESTBANK The nurse knows that a modifiable risk factor related to reducing the possibility of a second myocardial infarction would be which factor? {{Ans- . Change of diet to reduce fat intake The nurse cares for the client who returned from a traditional cholecystectomy 45 minutes ago. Since that time, the client's NG tube has been draining 75-100 mL per hour and ...

TEST BANK For Rosdahl's Textbook of Basic Nursing, 12th Edition by Caroline Rosdahl 9781975171339 Chapters 1 - 103, Complete Guide. UNIT 1 The Nature of Nursing Chapter 1 The Origins of Nursing Chapter 2 Beginning Your Nursing Career Chapter 3 The Healthcare Delivery System Chapter 4 Legal and Ethical Aspects of Nursing UNIT 2 Personal and Environmental Health Chapter 5 Basic Human Needs Chapter 6 Health and Wellness Chapter 7 Community Health Chapter 8 Transcultural Healthcare UNIT 3 Developme...

RRLLB81 ASSIGNMENT 2 MEMO - SEMESTER 1 - 2023 - UNISA - (DETAILED RESEARCH REPORT WITH FOOTNOTES - DISTINCTION GUARANTEED) ALL TOPICS INCLUDED!!!!! THE FOLLOWING TOPICS ARE AVAILABLE:- MERCANTILE LAW TOPIC 1: INSURANCE LAW THE INSURED’S DUTY TO TAKE REASONABLE PRECAUTIONS TO AVOID LOSS OR DAMAGE TO THE OBJECT OF RISK ️ TOPIC 2: BANKING LAW NATIONAL CREDIT ACT 34 OF 2005 AND REGULATIONS: PRE-AGREEMENT ASSESSMENT ️ TOPIC 3: COMPANY LAW BUSINESS RESCUE ️ TOPIC ...