What is an actuary - Study guides, Class notes & Summaries

Arkansas Life and Health Insurance Exam Questions And Answers Absolute Assignment - ANS assignment by the policyholder of all the policy control and rights to a third party Accident and Sickness - ANS insurance against bodily injury, death or disability by accident or against disability or expense resulting from sickness Accident Insurance - ANS a form of health insurance against loss by accidental bodily injury Accidental Bodily Injury - ANS generally, traumatic damage ...

VA Health Life and Annuities Latest Version Graded A+ Long-Term Care refers to the broad range of medical and personal services for individuals (often the elderly) who need assistance with daily activities for an extended period of time for chronic illnesses like arthritis, rheumatism, and so forth. Limited Policies Restrict benefits to specified accidents or diseases, such as travel policies, dread disease (cancer) policies, ticket policies, and so forth. Managed Care Organizatio...

A plan administrator who is seeking to engage a well-qualified auditor will focus all discussions to matters specific to their own plan(s). To encourage a productive discussion, the plan administrator should provide a potential audit firm with a number of items. List these items. - ANSWERa. Plan documents or SPD b. Prior year Form 5500 and audited financial statements (including who prepares the statements) c. Scope of the audit (full or limited scope, especially if a change in scope is possib...

chance or uncertainty of loss - ANSWER risk another term that means almost the same thing as risk is ______________ - ANSWER exposure people have developed several different methods for managing risks for serious financial losses. One method is simply to _________________. For example you can ___________ the risk of being in an auto collision by never getting into a car. - ANSWER avoid risk, avoid is isn't practical to avoid all risks. fortunately you can also ___________ risk to some ...

AIC 300 - Claims in an Evolving World - Complete Solutions with Verified Answers The first step in the data mining process is to A. Collect the data that will be used. B. Select a data mining technique. C. Understand what a business wants to achieve. D. Prepare the data that will be used. Generally speaking, the most common application of predictive modeling in insurance occurs in A. Risk selection. B. Marketing. C. Reinsurance. D. Claims handling. Hanna is in IT and works on data analytics pr...

Stakeholders (consituents) - A party that has an interest in how a company conducts its business. Also known as a constituent. Dividend - Compensation that a company may pay to owners upon a vote by the company's board of directors. Stockholder - We stockholders expect the company to grow steadily. We expect to earn a reasonable return, sometimes in the form of dividends. Do you know what a dividend is? Sometimes the board of directors votes to make a payment to the stockholders. The paym...

Federal Rules of Civil Procedure - A set of rules established to ensure that civil actions and procedures move through the United States district courts as quickly as possible Expert System method - A method of setting reserves with a software application that estimates losses and loss adjustment expenses Contributory Negligence - A common-law principle that prevents a person who has been harmed from recovering damages if that person's own negligence contributed in any way to the harm Acc...

chance or uncertainty of loss - ANSWER risk another term that means almost the same thing as risk is ______________ - ANSWER exposure people have developed several different methods for managing risks for serious financial losses. One method is simply to _________________. For example you can ___________ the risk of being in an auto collision by never getting into a car. - ANSWER avoid risk, avoid is isn't practical to avoid all risks. fortunately you can also ___________ risk to some ...

Arkansas Life and Health Insurance Complete Questions & Answers 100% Accurate!!Absolute Assignment - ANSWER assignment by the policyholder of all the policy control and rights to a third party Accident and Sickness - ANSWER insurance against bodily injury, death or disability by accident or against disability or expense resulting from sickness Accident Insurance - ANSWER a form of health insurance against loss by accidental bodily injury Accidental Bodily Injury - ANSWER generally, trau...

a legally acceptable attempt by the existing insurer to retain the business after replacement form has been received is called?? - Conservation a mutual insurer: is a participating company owned by policy owners charges assessments to the policy owners if blains are higher than projected is an incorporated society or supreme lodge without capital is a group who shares risk and cannot sell life insurance - is a participating company owned by policy owners a producers commission on control...