Effectuation - Study guides, Class notes & Summaries

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 ...

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...

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...

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...

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...

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 - ...

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 ...

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 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...

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...