Effectuation - Study guides, Class notes & Summaries
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ExamFX Ch. 1 Questions With Complete Solutions
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insurance correct answer: transfers risk of loss from an individual or business to entity to an insurance company, spreads cause of unexpected losses to many individuals 
 
Insurance transactions correct answer: -solicitation 
-negotiations 
-sale (effectuation of a contract of insurance) 
-Advising an individual concerning coverage or claims 
 
Risk correct answer: Uncertainty or chance of loss occuring 
 
Pure Risk correct answer: Refers to situations that can only result in a loss or no ...
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ENTR 3310 Exam | Questions with 100% Correct Answers
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ENTR 3310 Exam | Questions with 100% Correct Answers Creating a new product or venture within a large corporation is known as ______. intrapreneurship startup benefit entrepreneurship family enterprise Entrepreneurial thinking involves ______. starting with what you have expected return small actions experimentation A method of carrying out carefully focused efforts to improve current performance is ______. habitual practice effectuation deliberate practice entrepreneurship One of the seven tr...
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Florida Insurance Adjuster Licensing Study Guide Exam Questions with Complete Solutions- Latest
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Florida Insurance Adjuster Licensing Study Guide Exam Questions with Complete Solutions- Latest 
 
the settlement of a claim arising out of a contract of insurance is also known as - Answer-transacting insurance 
 
an authorized insurer means one duly authorized by a - Answer-Certificate of Authority 
 
solicitation, negotiation and effectuation of a contract of insurance are best defined as - Answer-transacting insurance 
 
upon receiving any written or oral inquiry from the department of insur...
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BUS 4401 Review Quiz | 50 Questions and Answers 2023 (100%Verified).
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BUS 4401 Review Quiz | 50 Questions and Answers 2023 (100%Verified).Started on Monday, 10 January 2023, 12:29 AM 
State Finished 
Completed on Monday, 10 January 2023, 12:59 AM 
Time taken 30 mins 13 secs 
Marks 48.00/50.00 
Grade 96.00 out of 100.00 
Question 1 
Correct 
Mark 1.00 out of 1.00 
Flag question 
Question text 
The most important document for a Joint Venture is: 
Select one: 
a. 
Owner’s Manual 
b. 
Joint Venture Agreement 
c. 
Profit and Loss Agreement 
d. 
Income Statement 
Ques...
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Nebraska State Life and Health Insurance Exam Terms Questions and Answers 100% Pass
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Nebraska State Life and Health Insurance Exam Terms 
Questions and Answers 100% Pass 
Adverse Selection - Answer- Insuring of risks more prone to loss than the average 
Agent/Producer - Answer- legal representative of an insurance company 
Applicant/Proposed insured - Answer- a person applying for insurance 
Hazard - Answer- Conditions that increase the probability of a loss 
Moral - Answer- tendency toward increased risk (driving fast) 
Morale - Answer- indifference towards risk (not locking th...
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Texas Statutes and rules common to Life and Health Insurance. Q&A
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Cease and desist - Answer-To stop or discontinue 
 
Coercion - Answer-Forceful act or threat aimed to influence a person to act against his or her will. 
 
Commission - Answer-Payment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium 
 
Commissioner - Answer-The head of the state department of insurance 
 
Exempt - Answer-Not subject to an obligation 
 
Home office - Answer-Insurer's headquarters, principal place of business 
 
Inducement - ...
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Idaho Portion – Insurance Exam Questions and Answers 100% Correct
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Idaho Portion – Insurance Exam Questions and Answers 100% Correct 
 
Idaho Portion – Insurance Exam Questions and Answers 100% Correct 
 
Idaho Portion – Insurance Exam Questions and Answers 100% Correct 
 
Idaho Portion – Insurance Exam Questions and Answers 100% Correct 
 
Insurance Transaction - ANSWER-Solicitation, negotiations, sale, advising an individual concerning coverage or claims 
 
negotiation - ANSWER-offer advice/communicate directly with purchaser regarding benefits 
 ...
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BUS 4401 Review Quiz | 50 Questions and Answers 2023 (100%Verified).
- Exam (elaborations) • 30 pages • 2023
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BUS 4401 Review Quiz | 50 Questions and Answers 2023 (100%Verified). 
Started on Monday, 10 January 2023, 12:29 AM 
State Finished 
Completed on Monday, 10 January 2023, 12:59 AM 
Time taken 30 mins 13 secs 
Marks 48.00/50.00 
Grade 96.00 out of 100.00 
Question 1 
Correct 
Mark 1.00 out of 1.00 
Flag question 
Question text 
The most important document for a Joint Venture is: 
Select one: 
a. 
Owner’s Manual 
b. 
Joint Venture Agreement 
c. 
Profit and Loss Agreement 
d. 
Income Statement 
Qu...
-
Adjusters license Exam Questions and Answers 2024
- Exam (elaborations) • 11 pages • 2024
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Adjusters license Exam Questions and Answers 2024 
An adjuster shall exercise _____ care when dealing with elderly clients -Answer- 
Extraordinary 
The cost of mediation is paid -Answer-Equally by both parties 
The settlement of a claim arising out of a contract of insurance is also known as - 
Answer-Transacting insurance 
An authorized insurer means one duty authorized by a -Answer-Certificate of authority 
Solicitation negotiation and effectuation of a contract of insurance are best described...
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Arizona Life Insurance Exam - Insurance Regulations Latest 2024 Graded A
- Exam (elaborations) • 12 pages • 2024
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Arizona Life Insurance Exam - Insurance Regulations Latest 2024 Graded A Cease and Desist To stop or discontinue 
Coercion Forceful act or threat aimed to influence a person to act against his or her will 
Commission Payment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium 
Director The head of the state Department of Insurance 
Exempt Not subject to an obligation 
Home State A state in which an insurer is organized and has its main place of...
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