Underwriter - Study guides, Class notes & Summaries

Abandonment - - Insurance company may choose to take damaged property and pay insured the value - Insured CANNOT surrender damaged property to insurance company Active Retention - Identify the loss/risk exposure and really consider the risk itself and all the measures around it. (ex. Should we transfer it, retain it etc.) Admitted (standard or retail) Insurance companies - Regulated by the state, They often must subscribe to rating and form regulations of that state. Agent or Broker - "I...

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ALU 301: Chapter 6: An Underwriter's Guide to Cardiac Diagnostic Testing with Complete Solutions(Rated A+). Heart "Clicks" - ANSWER-Most often associated with Mitral Valve Prolapse test. Bayes' Theorem - ANSWER-"Conditional probability" - a ration method to minimize the diagnostic uncertainty (i.e. false positives and false negatives) surrounding cardiac testing. The results of one cardiac test can be used to improve the accuracy of the tests that follow. Benefits of Bayes' Theore...

Heart "Clicks" - ANSWER-Most often associated with Mitral Valve Prolapse test. Bayes' Theorem - ANSWER-"Conditional probability" - a ration method to minimize the diagnostic uncertainty (i.e. false positives and false negatives) surrounding cardiac testing. The results of one cardiac test can be used to improve the accuracy of the tests that follow. Benefits of Bayes' Theorem - ANSWER-It provides a much more rational approach allowing the risk assessment to start with some simple pa...

Kentucky Health Insurance Exam Study Set Questions With Complete Answers. The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy become effective? A. as of the application date B. As of the policy delivery date C. As of the first of the month after the policy issue date D. As of the policy issue date A. As of the application date All of the following are true about group disability income insura...

Sensitivity - ANSWER-A test's ability to perceive and measure amounts or differences, whether small or large. A sensitive medical test is one that will be able to give a positive result when a particular condition is present, even during early stages. Ex - EKG test. Specificity - ANSWER-A test's ability to identify exactly one unique object or situation. A specific medical test is only positive for one particular disease or condition. Ex - EKG test. Bayes' Theorem - ANSWER-"Conditional...

Heart "Clicks" Most often associated with Mitral Valve Prolapse Sensitivity A test's ability to perceive and measure amounts or differences, whether small or large. A sensitive medical test is one that will be able to give a positive result when a particular condition is present, even during early stages. Ex - EKG test. Specificity A test's ability to identify exactly one unique object or situation. A specific medical test is only positive for one particular disease or condition. Ex - ...

Champions Real Estate Finance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade QUESTION By FHA paying a claim to the lender in the event of a homeowner's default does this increase or reduce the risk? Answer: FHA will bear less risk and lower the risk QUESTION This can be paid at closing or added to the loan at funding Answer: UFMIP Up Front Mortgage Insurance Premium QUESTION What is the LTV of an FHA loan ...

AU 60 EXAM NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ While developing goals for its book of business, an insurer's corporate underwriter decides to increase its market share of workers compensation insurance in the construction industry. This type of underwriting activity is known as Select one: A. Providing assistance to policyholders. B. Developing underwriting guides. C. Formulating underwriting policy. D. Reviewing an...

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