NSG 527 Final Questions with 100% Correct Answers | Latest Version 2024 | Verified
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Course
NSG 527
Institution
NSG 527
What is the purpose of family psychoeducation? -
- Helps improve knowledge base of any type of illness
- Provides information about recovery stages
- Empowers problem-solving skills within the family
What does family psychoeducation NOT do? - Does not advocate for any vocational rehab
How do...
AINS 21 Segment A | 124 Questions with 100 %
correct answers | Verified& Updated 2024 Graded A+
4 roles of insurance - ✔✔1. risk management technique
2. transfer system
3. business
4. contract
loss exposure - ✔✔any condition or situation that presents a possibility of loss, whether or not
actual loss occurs
risk management - ✔✔making and implementing decisions that will minimize the adverse
effects of accidental losses on an organization
-avoid, prevent, reduce
-from RM standpoint, insurance is used to transfer cost of losses
loss prevention - ✔✔reduces frequency of loss
-ex. wearing safety goggles/helmets
loss reduction - ✔✔reduces severity of loss
-ex. fire extinguishers or sprinklers in building
,insurance as a risk transfer system - ✔✔1. transfer cost of losses - exchange possibility of large
loss for smaller payments (premium)
2. sharing cost of losses - pooling premiums
exposure unit - ✔✔measure of loss exposure by insurer
law of large numbers - ✔✔as number of similar but independent exposure units increases, the
accuracy of predictions about future outcomes also increases
PC insurance - ✔✔one of two main sectors in insurance industry (45%) - cover financial
consequences of damage to one's own property or legal liability to others
LH insurance - ✔✔one of two main sectors in insurance industry (55%) - cover financial
consequences of death, injury, sickness
revenue for insurers - ✔✔1. premium
2. investment income
expenses for insurers - ✔✔loss settlement, acquiring new business (advertising and
commissions), general (salaries, utilities, computer equipment), premium taxes, licensing and
fees, investment (salaries of investment department)
3 characteristics of insurance contract - ✔✔1. utmost good faith
, 2. contract of adhesion
3. contract of indemnity
utmost good faith - ✔✔obligation to act in complete honesty and disclose all relevant facts
contract of adhesion - ✔✔one party must accept agreement as written by other party or reject it
-ex. wording of policy
contract of indemnity - ✔✔insurer agrees, in event of covered loss, to pay amount directly
related to amount of loss
self-contained policy - ✔✔single document that contains all agreements between insured and
insurer and forms complete insurance policy
modular policy - ✔✔several different documents, none of which form a complete policy
personal insurance - ✔✔1. property - repair or replace damaged or destroyed property
2. liability - injury to others or damage to other's property in which insured is legally responsible;
also cost to defend
3. life - income earning potential lost through death and death expenses
4. health - sickness and accidents; disability (income from inability to work)
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