Actuary exam 1 - Study guides, Class notes & Summaries

1 AIC 300 - CLAIMS IN AN EVOLVING WORLD EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Insurers usually send denial letters Select one: A. By email to ensure prompt receipt by the insured. B. By certified mail with a return receipt requested. C. By overnight courier. D. By registered mail. Correct Answer: B. By certified mail with a return receipt requested. Some will also send a copy via regular mail in case the certified letter is not accepted. As methods of...

LOMA 291 Module 1 Study Guide with Complete Solutions Stakeholders (consituents) - Answer️️ -A party that has an interest in how a company conducts its business. Also known as a constituent. Dividend - Answer️️ -Compensation that a company may pay to owners upon a vote by the company's board of directors. Stockholder - Answer️️ -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 d...

CDFA Exam Study Materials Test Questions And Answers 5-year cliff vesting - CORRECT ANSWER- An employee who has at least five years of service must have a non-forfeitable right to 100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. 3- to 7-year vesting (7-year graded vesting) - CORRECT ANSWER- An employee who has completed at least three years of service must have a non-forfeitable right to at least the following percentages of his or her accrued benefit: 20% after three years of...

TEST BANK FOR FEDERAL TAX RESEARCH 11th EDITION BY ROBY B. SAWYERS, STEVEN GILL COMPLETE GUIDE | CHAPTER 1-19 2023-2024 | COMPLETE GUIDE. Tax planning is the process of arranging one's financial affairs to minimize any tax liability. Much of modern tax practice centers around this process, and the resulting outcome is tax avoidance. There is nothing illegal or immoral in the avoidance of taxation, as long as the taxpayer remains within legal bounds. In contrast, tax evasion constitutes the i...

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...

2023CDFA Exam Study Materials with 266 Questions and Answers 100% 2023/2024 correct solutions 5-year cliff vesting - answers An employee who has at least five years of service must have a non-forfeitable right to 100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. 3- to 7-year vesting (7-year graded vesting) - answers An employee who has completed at least three years of service must have a non-forfeitable right to at least the following percentages of his or her accrued be...

Oklahoma Property and Casualty Exam Questions And Well Elaborated Solutions Special Peril - answers Type of policy that insures against open perils of loss that are not specifically excluded. Example of Consequential or Indirect Loss - answers Loss of income from a rental unit due to tornado damage to the roof. Class 1 - Frame - answers Exterior walls, floors and roof are constructed with wood. Class 2 - Joisted Masonry - answers Exterior walls constructed wi...

CDFA Exam Study Materials Test Questions And Answers 5-year cliff vesting - CORRECT ANSWER- An employee who has at least five years of service must have a non-forfeitable right to 100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. 3- to 7-year vesting (7-year graded vesting) - CORRECT ANSWER- An employee who has completed at least three years of service must have a non-forfeitable right to at least the following percentages of his or her accrued benefit: 20% after three ye...

RPLU 2: Module 1: Fundamentals of Liability Insurance Exam Study Guide. Absolute Liability (Strict Liability) - answerA type of liability that is imposed when a person or entity is held accountable for a loss without regard to fault Accident Year - answerA twelve-month accounting period (usually a calendar year) in which losses are allocated back to the accounting period in which the losses occurred, regardless of when the losses were actually reported, booked, or paid Actuarial Science -...

CCM Glossary Exam 115 Questions with Verified Answers AAPM&R - CORRECT ANSWER American Academy of Physical Medicine and Rehabilitation Access to care - CORRECT ANSWER the ability and ease of clients to obtain healthcare when they need it Accessible - CORRECT ANSWER a term used to denote building facilities that are barrier-free thus enabling all members of society safe access, including persons with physical disabilities. Accountable Care Organization (ACO) - CORRECT ANSWER A set of ...