Commercial risks - Study guides, Class notes & Summaries

Well-structured RRLLB81 Assignment 3 (FINAL PORTFOLIO ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED - 5 Research Reports included (DETAILED ANSWERS - DISTINCTION GUARANTEED!).. LIABILITY INSURANCE IN SOUTH AFRICAN LAW AS A COMPLEX FORM OF INDEMNITY INSURANCE Background There are several classifications of insurance; the most common is the distinction between indemnity insurance (also referred to as non-life insurance) and non-indemnity insurance (also referred to as life insurance). Wit...

Steven put down $10,000 toward a property's purchase price, financed the rest, and now has a cash flow of $2,800 after repairs and debt service. What's his ROI? a 21% b 26% c 28% d 32% - c 28% Return on investment or ROI = cash flow ÷ cash investment. $2,800 ÷ $10,000 = 28%. What's a legal agreement or promise made between two parties? a. A consideration b. A covenant c. A handshake d. A negotiation - b. A covenant A legal agreement or promise made between two parties is a cove...

Which of the following specify the requirements for reserves that a depository institution must maintain at a Federal Reserve Bank? a. Uniform Commercial Code Article 4A b. Federal Reserve Bank Operating Circular 4 c. Regulation D d. Regulation CC - correct answer Regulation D Which of the following specifically addresses national banks and their need to evaluate large dollar payment system network risks and requires reporting this to top management and maintaining agreements with all ...

Configuration Management process - Status accounting - ANSWER knowing the status of items, proposed changes and the implementation status of approved changes (Archived records) Risk in a Business case - ANSWER the major risks and their impact on the business case. What a business case includes? (BOBCART) - ANSWER Background, Options, Benefits, Commercial Aspects, Risks, Timescales PRAM process - ANSWER Initiate Identify Assess Plan responses Implement responses Risk management -...

Question 1 Not yet answered Marked out of 1.00 Flag question Question text Michael undertakes to build a carport for Ashleigh. Unfortunately, Michael fractured his left shoulder and cannot do any building work. He asks his cousin Rickly to take over the job. Michael, Ashleigh, and Ricky agree to this arrangement. Which ONE of the following terms will complete the sentence below CORRECTLY? Michael’s obligation is extinguished because of ... 1. settlement. 2. delegatio...

Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered ...

Property and Casualty Insurance Mastery Exam A Questions and Answers 100% Pass An insured rents a car while on vacation in Canada and causes an accident. Is there coverage under his personal auto policy? - Correct Answer ️️ -The loss is covered under an unendorsed personal auto policy. Under the workers' compensation laws, which of the following would NOT be covered? - Correct Answer ️️ -Heart-related illness resulting from hereditary causes An insurance policy covers fire, will ...

Commercial Lines 101 CE Questions and Answers 2024 Insurer - Answer -The insurance company Named Insured/Insured - Answer -The policyholder Financial Definition of Insurance - Answer -A financial agreement involving the redistribution of financial losses Legal Definition of Insurance - Answer -A contractual agreement in which one party (the insurer) agrees to compensate or indemnify another party (the insured) for fortuitous losses Loss Pooling - Answer -the sharing of total losses susta...

Nonmarketability of risks - Inherent I medicine and medical practice health insurance. Moral hazard - behaving differently when you know someone else is taking the risk (induced demand) Adverse selection - The sicker people likely want more insurance (the healthier, less) Pooling of risk - Sharing risk proportionately among many is a basic insurance concept Financing health care in U.S. - •Workarounds •Redundancies •Contradictions (NHEA) - National Health Expenditure Accounts Nati...

Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) -ANSWER Laws that provide federal control of pesticide distribution, sale, and use. EPA carries out enforcement. Users must take exams for certification as applicators. EPA must register new pesticides and re-register all existing pesticides. Applies to people who manufacture, market, distribute, use, or dispose of pesticide products. What are the two main pesticide classifications? -ANSWER General use and restricted use Gen...