Proprietary insurer - Study guides, Class notes & Summaries

ACTUAL CASH VALUE - new or replacement cost of the property at the time of the loss, less depreciation AGENCY AGREEMENT - a written agreeement or contract between the insurer and the brokerage which acknowledges their relationship BLANKET COVERAGE - policy which provides a single limit of insurance for all property falling within a specific class CONSIDERATION - an exchange or something of value between parties CONTRACT - an agreement between two or more persons which creates an obligatio...

Ch.1 General Insurance Estoppel Prevents the denial of a fact previously established to be true The concept that the insured should not profit from an insurance transaction is called The principle of indemnity When an individual faces the risk of economic loss in the event of property damage, this indicates which of the following Insurable Interest What is not an option for managing risk Subrogating the risk What is not true of insurance It eliminates ris...

SURGICAL TECHNOLOGIST PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS | VERIFIED & UPDATED 2024 Patient safety and hospital efficiency and effectiveness are related to? - Answer ️️ -consistent communication Preoperative diagnostic studies are performed by the? - Answer ️️ -Radiologist A professional organization dedicated to the improvement of surgical care by elevating standards of surgical education and practice is the? - Answer ️️ -American College of Surgeons The non-pro...

Professional Liability Answer> - they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be described as Answer> What the insured expected and intended from the act. The objective standard Answer> is based on what a reasonable person would expect from a particula...

CPCU 520 Practice Test Questions with 100% correct Answers | Verified & Updated Which one of the following functional areas of Keithly can assist Alex with this audit's irregularity? - Answer ️️ -Special Investigation Unit Which one of the following best describes a FAIR plan and its insureds? - Answer ️️ -State- run plans with cost spread among private insurers in the state Which one of the following departments provides information to the underwriting department to assist in se...

Life and Health Insurance (Florida) ExamFX Simulation Questions Which of the following employees insured under a group life plan would be allowed to convert to individual insurance of the same coverage once the plan is terminated? a) Those who have worked in the company for at least 3 years b) Those who have dependents c) Those who have no history of claims d) Those who have been insured under the plan for at least 5 years - d) Those who have been insured under the plan for at least 5 ...

Modified Flat - Fee - ️️flat fee is charged for a defined segment of a case. such as common, basic legal work like taking deps, rogs, etc. Everything else is an extra hourly charge Professional Liability - ️️- they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be...

Professional Liability -:- - they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be described as -:- What the insured expected and intended from the act. The objective standard -:- is based on what a reasonable person would expect from a particular act. Excepti...

CPMSM Study Guide Questions and Answers Fully solved 2024 Non-profit under religious/community control. Voluntary/Charitable Hospital Non-profit under city, state, county. Govt (non-federal) hospital Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:07 / 0:15 Full screen Owned/operated by fed gov't, supported by fed funds, e.g., VA. Under direct supervision of Surgeon General. Govt (federal) hospital Owned by corpor...

CAIB 1 Exam Questions and Answers 100% Verified Risk - Answer- the chance of financial loss to which an object of insurance is exposed Speculative Risk - Answer- possibility of financial loss or gain Pure Risk - Answer- Chance of financial loss, no gain Insurance - Answer- undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of insurance may be exposed or to pay a sum of money or other ting of val...