Uw accounting - Study guides, Class notes & Summaries

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UW PRINCIPLES OF ACCOUNTING Final Exam With Correct Questions And Answers | Verified Solutions 2024

AU60 EXAM WITH 100% ACCURATE ANSWERS book of business - correct answersA group of policies with a common characteristic, such as territory or type of coverage, or all policies written by a particular insurer or agency. underwriting - correct answersThe process of selecting insureds, pricing coverage, determining insurance policy terms and conditions, and then monitoring the underwriting decisions made. adverse selection - correct answersIn general, the tendency for people with the gre...

Paul vs. Virginia - ANSWER-1) Affirmed states rights to regulate insurance 2) VA agent Paul was trying to represent NY clients National Insurance Convention Goals - ANSWER-1) Establish regulatory goals 2) Uniform accounting statement 3) Guidelines for taxation 4) Draft model law Early Issues of National Insurance Convention - ANSWER-1) Restrictions to multiline insurance 2) Establishing terminology, e.g. earned premium and UW profit History of Multiline Insurance - ANSWER-1) Initia...

AFM 123 – UW Exam Questions & Answers 2023/2024 IFRS - ANSWER-International Financial Reporting Standards CSA - ANSWER-Canadian Securities Administrators SEDAR - ANSWER-System for Electronic Document Analysis and Retrieval ASPE - ANSWER-Accounting Standards for Private Enterprises Characteristics that make accounting information useful - ANSWER-Reliability Relevance Consistency Comparability AcSB - ANSWER-Canadian Accounting Standards Board IASB - ANSWER-International...

Explain the difference between strategy, strategic planning, and strategic plan - Answer -strategy: thoughtful, deliberate plan of action; chooses to be clear about the company's direction in relation to what is happening in a dynamic environment; answers the question "how?" as in how will we achieve our aim of creating and nurturing a successful insurance company -strategic planning: the process used to create the strategic plan; runs an ERM analysis, which determines risk and opportunitie...

What is the current state of the healthcare industry? correct answer: We grade it by four different criteria, health, quality, cost, and access What is the health of the U.S. like? correct answer: we have shorter life expectancies, higher rates of disease burden, and higher mortality rates than other high income countries. There is disparity of life expectancy across racial, ethnic groups, health statues, income levels, genders and age, but that may not be the healthcare system's fault. We...