Pooling the risk - Study guides, Class notes & Summaries

Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? - Answer- Friendly Society Which is the decision-making process of framing? - Answer- To remove the 'noise' from an issue to allow us to see the problem for what it is Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? - Answer- 45 days after receiving the complaint In the se...

MHA 707 Exam C Questions & Answers 2023/2024 Moral Hazard - ANSWER-When the act of insuring an event increases the likelihood that the event will happen behaving different when you know someone is taking the risk (induced demand) Adverse Selection - ANSWER-the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction the sicker people likely want more insurance, compared to those who are healthy Pooling of Risk - ANSWER...

MHA 707 Exam C Questions & Answers 2023/2024 Moral Hazard - ANSWER-When the act of insuring an event increases the likelihood that the event will happen behaving different when you know someone is taking the risk (induced demand) Adverse Selection - ANSWER-the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction the sicker people likely want more insurance, compared to those who are healthy Pooling of Risk - ANSWER...

Obstetrics/ Maternity Practice Exam 103 Questions with Verified Answers The nurse is preparing a client with a term pregnancy who is in active labor for an amniotomy. What equipment should the nurse have available at the client's bedside? (Select all that apply.) A. litmus paper B. fetal scalp electrode C. a sterile glove D. an amniotic hook E. sterile vaginal speculum F. a doppler - CORRECT ANSWER C. A sterile glove D. An amniotic hook F. A doppler A single sterile glove, an a...

CEBS - GBA Practice Exam 1 Questions and Answers 1. Which of the following statements correctly describes minimum require- ments that group benefit plans typically must meet in order to be prospec- tively rated on contract renewal?: The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathematica...

SANE P certification exam prep 78 Questions with Verified Answers STDs inconclusive for child sexual abuse - CORRECT ANSWER bacterial vaginosis (BV) and Hepatitis B (HBV) HIV testing timeline - CORRECT ANSWER initial exam 6 weeks 3 months 6 months STDs suspicious for child sexual abuse (not perinatally acquired) - CORRECT ANSWER HPV HSV (autoinoculation must be ruled out) STDs suspcicious for child sexual abuse (not perinatally acquired) - CORRECT ANSWER Trichomonis vaginalis (TV...

VaR Correct Answer Value at risk, variance 1% one year VaR of 10 million Correct Answer 1% chance portfolio will lose 10$ mil in one year stress test Correct Answer popular as of 2009, Dodd Frank, fed has to 3 diff scenarios for non bank entities it supervises annually Freddie Mac & ginne mae did stress tests for 13% in 2005 Correct Answer home prices dropped 30% Stress test pros and cons Correct Answer show legitimacy, incentivizes white washing Dodd Frank Correct Answer Subpoena...

Under a traditional IRA, interest is taxed: Only if withdrawn prior to age 59 1/2 According to the capital gains rate Upon distribution During the accumulation phase - ANSWER-Upon distribution Which of these statements concerning Traditional IRAs is CORRECT? Earnings are not taxable when withdrawn Earnings are taxable when withdrawn Contribution are never tax deductible Contributions are always made by the employer - ANSWER-Earnings are taxable when withdrawn Wh...

SANE P Exam 78 Questions with Verified Answers The SANE is called to see a 4-yo patient brought to the ED by her mother with complaints of sexual abuse by a male relative. Which of the following answers best identifies an age-appropriate patient-centered approach? A. Get through the exam as quickly as possible. B. Don't explain each step of the exam process so as not to scare the chile. C. Ask a nonoffending parent/guardian to wait outside the room during the exam process. D. Limit expos...

All of the following are characteristics of insurance EXCEPT A) risk avoidance. B) pooling of losses. C) payment of fortuitous losses. D) indemnification. A) risk avoidance. Which of the following is implied by the pooling of losses? A) sharing of losses by an entire group B) inability to predict losses with any degree of accuracy C) substitution of actual loss for average loss D) increase of objective risk A) sharing of losses by an entire group