Misappropriation - Study guides, Class notes & Summaries

TEXAS PROPERTY AND CASUALTY INSURANCE EXAM 2024 VERSION 3 WITH 250 REAL EXAM PRACTICE QUESTIONS AND CORRECT ANSWERS/ ACTUAL TEXAS PROPERTY & CASUALTY INSURANCE EXAM ANSWERED (BRAND NEW!!) Which organization is considered the insurer of last resort for workers' comp insurance? - ANSWER-Texas Mutual Insurance Company In Texas, a personal auto policy may be canceled for all of the following except: - ANSWER-insured is 55+ All of the following are grounds for a license application to be...

ABUSE PROHIBITION REVIEW: Description CORRECT ANSWER The Abuse Prohibition Review is a determination of whether the facility has both DEVELOPED & OPERATIONALIZED policies and procedures designed to protect residents from the following: - Abuse - Neglect - Involuntary seclusion - Misappropriation of their property This includes policies and procedures for: - Hiring practices - Training - Ongoing supervision for employees and volunteers who provide services - Reporting and...

Fraud Prevention/Detection Questions and Answers with Verified Solutions Internal Auditors detect _____ % of fraud 14 Under the Corporate Sentencing Guidelines, when the offending organization has committed a felony, probation must run for at least one year Internal Auditing Standard 1220 states that internal auditors must apply the care and skill expected of a reasonably prudent and competent internal auditor THREE levels of responsibility for finding and reporting illegal acts: ...

INSURANCE EXAM QUESTIONS & ANSWERS 2024 which one of these is NOT a type of agent authority? A. Express B. implied C. principal D. apparent - Answer - principal which of these arrangements allows one to bypass insurable interest laws? A. concealment B. indemnity contract C. contract of adhesion D. investor-originated life insurance - Answer - Investor-originated life insurance A policy of adhesion can only be modified by whom? A. The agent B. The applicant C. The primar...

5 - ANSWERSAccording to Occupational Safety and Health Administration (OSHA) Regulations, healthcare organizations must retain records of recordable incidents for how many years? Care instead of treatment - ANSWERSThe model of person-centered care known as the Eden Alternative focuses on: a) Advocating for change b) Reducing staff turnover c) Increased companionship d) Care instead of treatment Inventory control - ANSWERSAn administrator should evaluate which of the followin...

. An "artificial being, invisible, intangible, and existing only in contemplation of the law" is the legal definition of a A. corporation. B. franchise. C. partnership. D. sole proprietorship - ANSWER-Corporation. Forming a corporation is like creating an independent entity that will be treated as a person with legal rights, duties, and powers. It can borrow or loan money, buy and sell goods, make contracts, sue or be sued, and perform other business activities. A franchise is a c...

Which of the following statements is true regarding the concept of an annuity contract? a) Payouts of an investment in a nonqualified annuity are all income tax-free b) The kind of annuity selected partly determines the payment amounts to the annuitant c) In the case of life annuity contracts, the age and sex of the annuitant do not affect the payment amounts d) The amounts of the periodic payments to the annuitant are determined by the performance of the insurance company's investment re...

intellectual property - correct answer a product of the intellect, such as an expressed idea or concept, that has commercial value what article protects intellectual property? - correct answer article 1 section 8 justification - correct answer justifications are variously focused upon the activities of the creator of an intangible asset, its would-be user, and the community in which the creator operates importance - correct answer creates incentives by providing exclusivity competiti...

ERISA - Answer- Employee Retirement Income Security Act 1974 SOC Reports - Answer- Service Organization Controls: for external vendors SOC 1 - Answer- Internal Controls & Financial reports; used by auditors SOC 2 - Answer- Security, availability, processing integrity, confidentiality and privacy controls;used by management, regulators, and others under an NDA SOC3 - Answer- Same as SOC2, but available for public use. Tribble V Edison - Answer- Landmark court case re fiduciary resp...

Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business advantage." Main types of fraud Internal Fraud and External Fraud Internal Fraud which involves the employees of the company against which the fraud is perpetrated External Fraud deceptive conduct by non-employee...