Work comp insurance - Study guides, Class notes & Summaries

Types of Employee Benefits - ANSWER--medical expenses - loss of income due to... a) death b) disability c) unemployment d) retirement medical expenses - ANSWER--health insurance - FSAs/HSAs- pre tax health savings accounts -worker's comp loss of income due to death - ANSWER-(not generating any more income) -life insurance (UGA pays for $25K) -survivor benefits under retirement plans options: a) can inherit 401(k) assets b) continue pension payments to surviving spouse ...

Personal Finance REVIEW (2023/2024) Graded A+ Decision the act of making a choice or coming to a solution Decision-making process the steps one takes to make the best decision Goals something a person wants to have or to achieve, and is willing to work for Long-term goals a goal that requires a considerable time to achieve Management using resources effectively to achieve goals and solve problems Needs something that you have to have in order to live Resources something used to meet a goal...

Capital Sum - ANSWERthe sum that is paid upon the loss of 1 limb or sight in 1 eye What are the main activities of daily living(ADL)? - ANSWERbathing, continence, dressing, eating, toileting, and transferring Hospital income and indemnity - ANSWERa type of health insurance policy that pays its benefits directly to the insured on a dollar amount per day basis when confined to a hospital Probationary period - ANSWERa specified period of time before coverage goes into effect or specified c...

A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of claim. The most comprehensive type of license would be: All-Lines Jack and Rebecca own a vacation home o...

Assignment Correct Answer The transfer of a policy to another party. Often done when commercial property is sold to a new owner. Building & Personal Property (BPP) Correct Answer The commercial property policy for larger businesses. Business Income Policy Correct Answer A commercial policy covering the indirect loss of income following a loss. Cancellation Correct Answer Termination of a policy during the policy period. Casualty Insurance Correct Answer A broad term which includes al...

A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - ANSWER-We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of claim. The most comprehensive type of license would be: - ANSWER-All-Lines Jack and Rebecca own a vac...

A client may pay a fee to an insurance agent in Georgia as long as the fee has a maximum de minimum value of CORRECT ANSWER 45$ An insurer doesn't need a reason to cancel for terminating a property or casualty policy that has been in effect less than CORRECT ANSWER 60 days The commissioner must hold a hearing within how many days of written demand by an aggrieved person? CORRECT ANSWER 30 days An agents appointment letter may be revoked by the ? CORRECT ANSWER Insurer Who may subpoe...

Georgia insurance laws exam questions and answers 100% correct A temporary agent may: - Correct Answer ️️ -Continue existing business but not sell new policies. Premium rates that are so low that they tend to destroy competition by creating a monopoly are referred to under Georgia insurance laws as: - Correct Answer ️️ - Inadequate An agent cannot hold a license for the purpose of buying insurance at a discount for the agent or associates. Such insurance is referred to as "contr...

what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...

Insurance GA laws P&C Exam Questions And Answers A client may pay a fee to an insurance agent in Georgia as long as the fee has a maximum de minimum value of - ANS 45$ An insurer doesn't need a reason to cancel for terminating a property or casualty policy that has been in effect less than - ANS 60 days The commissioner must hold a hearing within how many days of written demand by an aggrieved person? - ANS 30 days An agents appointment letter may be revoked by the ...