In property insurance ind - Study guides, Class notes & Summaries

Property and Casualty Exam questions and answers well illustrated. Bailee - correct answers.An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard - correct answers.Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value - correct answers.A property policy provision that changes the valuation method otherwise applica...

CHAPTER 1 - Answer- ... What are the two elements of risk? - Answer- -Uncertainty of outcome - Time of the outcome and type of outcome are uncertain -possibility of a negative outcome - at least 1 outcome is negative What is the difference between probability and possibility? - Answer- Possibility - an outcome or event may or may not occur. It does not quantify the risk, only verifies the risk is there Probability - the likelihood than an outcome will occur, quantifies the risk. It is me...

chapter 5 - ANSWER chapter 5 principle of indemnity - ANSWER The insurer agrees to pay no more than the actual amount of the loss purpose of principle of indemnity - ANSWER -to prevent the insured from profiting from a loss -to reduce moral hazard in property insurance, indemnification is based on the _____ - ANSWER actual cash value methods of determining actual cash value - ANSWER -replacement cost less depreciation -fair market value -broad evidence rule actual cash value - ...

Property and Casualty Exam Questions and answers, 100% Accurate, rated A Bailee - An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard - Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value - A property policy provision that changes the valuation method otherwise applicable (ACV or RV) to a valuation method that allows reimbursem...

CHAPTER 1 ... What are the two elements of risk? -Uncertainty of outcome - Time of the outcome and type of outcome are uncertain -possibility of a negative outcome - at least 1 outcome is negative What is the difference between probability and possibility? Possibility - an outcome or event may or may not occur. It does not quantify the risk, only verifies the risk is there Probability - the likelihood than an outcome will occur, quantifies the risk. It is measurable and has va...

Discover List Value taxable property - Answer- Basic appraiser responsibilities Standard 6: Scope of Work - Answer- USPAP standard for appraisal practice ad valorem tax - Answer- Property tax based on value Tax Rate (formula) - Answer- Budget (minus other revenue) / Assessed Value of Jurisdiction Tax Bill (formula) - Answer- Tax Rate x Ind. Property Assessed Value Assessed Value (AV) formula - Answer- Assessment Ratio (AR) x Market Value (MV) Property Tax Revenue (formula) - ...

A "hit" that must be confirmed within ten (10) minutes is considered what level of priority? A. Urgent B. Routine C. ASAP D. None of the above - Answer- A. urgent A Detainer is placed on a Wanted Person record when: A. A subject is held on local charges and the record is in LOCATED status B. Extradition information is pending C. A hit confirmation response has not been sent D. None of the above - Answer- A. A subject is held on local charges and the record is in LOCATED status ...

code of conduct hospital establish compliance standards Purpose of OIG work plan? communicate issues that will be reviewed during the year for compliance with Medicare regulations Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Brainpower Read More Medicare pt. admitted on Friday, what services fall within the three day window rule? Dx services and related charges provided on the W,R, and F before adm. What does mo...

CRC test bank. Exam, Top Questions and answers, 100% Accurate, graded A+ Assistive Technology - -any item, piece of equipment, or product system, whether acquired commercially off the shelf, modified, or customized that is used to increase, maintain, or improve functional capabilities of individuals with disabilities Augmentative and Alternate Communication - -A process in which the counselor identifies devices and techniques that the client can use to improve their communication Durabl...

cnpr exam approvable letter - ANS letters sent by the FDA to the applicant indicating whether the new drug application meets necessary requirements. asymptomatic - ANS without sings or symptoms of disease. blinded or masked study - ANS a study in which participants do not know whether they are in the experimental or control group in a research study. control or control group - ANS the standard by which experimental observations are evaluated. double-blind or double...