Loss costs rating - Study guides, Class notes & Summaries

Washington State Insurance Exam with Complete Solutions Apparent is the appearance or assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created. Mutual Company Owned by the policyowner and issue participating policies. Policy owners are entitled to dividends, which are a return of excess premiums and are therefore non-taxable. Dividends are not guaranteed. Sharing A method of dealing with risk for a group of in...

All of the following items are examples of personal property, EXCEPT: Select one: A. Sports equipment B. Silverware C. A fishing boat D. Underground pipes - Answer-Underground pipes Which one of the following statements regarding assets exposed to loss is true? Select one: A. Real property includes only tangible property.Correct. All real property is tangible property having a physical form that can be seen or touched. Personal property can include intangible property such as patents o...

when selecting a distribution channel, which one of the following is important consideration with regard to customer needs and characteristics ... Which of the following statements is correct regarding characteristics of ideally insurable loss exposures ideally, loss exposures should be spread across a large number of similar exposure units within the same period The type of insurance that provides periodic income payments to an insured who is unable to work because of sickness or in...

Test Bank for Fundamentals of Nursing, 11th Edition 11e by Patricia A. Potter, Anne Griffin Perry, Patricia A. Stockert. ISBN-13: 0340 Full Chapters test bank included Unit 1. Nursing and the Health Care Environment 1. Nursing today Nursing as a profession Historical influences Contemporary influences Trends in nursing Professional registered nurse education Nursing practice Professional nursing organizations Key points Reflective learning Review questions References Research...

AU 60 Latest 2024 Exam Questions and Correct Answers (All are Correct) A Graded Which one of the following types of individual rating plans can be used by medium to large insureds in combination with risk control and allows the insured to manage its cash flow by avoiding upfront payments? - Answer Large deductible plan Which one of the following types of rating plans combines all of the base premiums calculated using manual rates and rating plans to arrive at a policy premium and average r...

MAR 3203 Exam 3 UCF LATEST UPDATE GRADED A+ Prevention cost incurred to prevent or avoid quality problems; design, implementation, maintenance Examples of prevention costs product or service requirements, quality planning, quality assurance, training Appraisal costs associated with measuring and monitoring activities related to quality; suppliers & customers evaluation of purchased materials, processes, products and services Examples of appraisal costs verification, quality aud...

One distinguishing feature between independent agency systems and other marketing systems is the... - Answer-agency expiration list Foreign Insurer - Answer-An insurer licensed to operate in a state but incorporated in another state Domestic Insurer - Answer-An insurer doing business in the jurisdiction in which it was incorporated Alien Insurer - Answer-An insurer domiciled in a country other than the US Direct Response Marketing System - Answer-Greatly reduces compensation costs but has h...

Florida 2-20 Practice Exam | 573 Questions and Answers With Complete Solutions 2024 All of the following are duties of the 'Office of Insurance Regulation' EXCEPT: - Answer☑️ Make rating rules When the insurer pays the proportion, which its limit bears to all limits this is called: - Answer☑️ Pro rata A condition that states that if an insurer adopts a revision which would broaden coverage without additional premium, the insured would receive the benefit called: - Answer☑️ Li...

WA Surplus Lines - Property Terms Part 1 Questions And Answers Abandonment Clause - ANS A clause in fire insurance policies and other property forms that prohibits the insured from abandoning partially damaged property to the insurer in order to claim a total loss Account Premium Modification Plan - ANS A rating plan for Fire, Property Damage and Time Element coverages. The maximum credit or surcharge is 25%, and it is available to risks which develop a three-year premium of at le...

Disability Buy-Out plans feature: - ANSWER Long elimination plans up to two years (A disability buy-out plan funded with disability insurance has a long elimination period of generally two years. The elimination period begins the day of the disability. Then the disability policy will provide a lump sum to buy the disabled partner out. They want to make sure that the partner is not going to recover and come back to work) When MUST the Office of Insurance Regulation conduct a market conduct exa...