A moral hazard - Study guides, Class notes & Summaries
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FINN 3623 Risk Management Exam 1 (2024) || With Complete Answers (Graded A+)
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FINN 3623 Risk Management Exam 1 (2024) || With Complete Answers (Graded A+) 
FINN 3623 Risk Management Exam 1 (2024) || With Complete Answers (Graded A+) 
 
PROTECT & ENHANCE the assets of an organization - ANSWER - What is the primary jobs/functions of the chief risk manager? 
 
peril - ANSWER - a cause of loss 
 
insurance - ANSWER - a mechanism of risk transfer 
 
hazard - ANSWER - anything that increases the probability of or severity of a loss 
 
physical hazard - ANSWER - a literal obstac...
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Risk management Exam 1 driver (updated - 2024) || Complete Solutions (100% Correct)
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Risk management Exam 1 driver (updated - 2024) || Complete Solutions (100% Correct) 
Risk management Exam 1 driver (updated - 2024) || Complete Solutions (100% Correct) 
 
types of risk - ANSWER - Pure risk 
Speculative risk 
Subjective risk 
 
pure risk - ANSWER - Simply no loss or loss 
*insurance companies only deal with 
 
spectulative risk - ANSWER - loss or no loss or potential gain 
 
subjective risk - ANSWER - our attitudes towards risk (risk tolerance) 
*more difficult than pure and spe...
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Commercial Lines 101 CE Questions and Answers 2024
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Commercial Lines 101 CE Questions and 
Answers 2024 
Insurer - Answer -The insurance company 
Named Insured/Insured - Answer -The policyholder 
Financial Definition of Insurance - Answer -A financial agreement involving the redistribution of financial 
losses 
Legal Definition of Insurance - Answer -A contractual agreement in which one party (the insurer) agrees 
to compensate or indemnify another party (the insured) for fortuitous losses 
Loss Pooling - Answer -the sharing of total losses susta...
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USAA P&C Insurance Adjuster EXAM QUESTIONS CORRECTLY ANSWERED
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USAA P&C Insurance Adjuster EXAM 
QUESTIONS CORRECTLY ANSWERED 
Perils - ANSWER Causes of loss identified in the policy (Fire, lightening, internal 
explosion ,Wind, Hail, Collision) 
Hazard - ANSWER Condition that create or increases the chance or loss or contributes 
to the loss 
Physical Hazard - ANSWER Visible ( operational features of a risk) 
Moral Hazard - ANSWER Intentional dishonesty or illegal actions of a person (arson) 
Morale Hazard - ANSWER Carelessness or indifference ( attitud...
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Florida Insurance Customer Service Rep 4-40 Exam Questions with 100% Correct Answers
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How can Insurance companies can afford to pay for an individual's catastrophic loss? Correct Answer The premiums from all policyholders are pooled together. 
 
What information is found on the Declarations page? Correct Answer contains the make and model of the covered vehicle described 
 
Steven was denied coverage, a jury decieded in his favor. Why are insurance policies considered "Contracts of Adhesion"? Correct Answer Policy language is open to legal interpretation. 
 
Susan is a Doctor,...
And that's how you make extra money
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RMIN EXAM 1 CH 1-4 QUESTIONS & ANSWERS
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RMIN EXAM 1 CH 1-4 QUESTIONS & ANSWERS 
The property and liability insurance industry is characterized by a receptive pattern of loose 
underwriting standards with low premiums followed by tight underwriting standards with high 
premiums. This repetitive patter is called the: 
a. underwriting cycle 
b. underwriting by exception method 
c. business cycle 
d. account underwriting method - ANS-a. underwriting cycle 
A situation or circumstance in which a loss is possible, regardless of whether a ...
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Florida 3-20 Public Adjusters State Exam (Set 1)| 140 QUESTIONS| 11 PAGES
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The insurer and insured agree to a specific value of insured item Correct Answer: Agreed Value Policies 
 
Someone who has care, custody or control of another's property Correct Answer: Bailee 
 
Claim filed by policy holder against his _ Correct Answer: First Party Claim 
 
When a person who entrusts another with an object and it results in injury to someone can be held liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI Correct Answer: Negligent Entrust...
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RSK2601 MCQ EXAM PACK 2024
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TEST BANK 
Enterprise Risk Management 
S - The Marketplace to Buy and Sell your Study Material 
1 
RSK2601 TEST BANK 
Question 1 
Which one of the following is a benefit of effective risk and opportunity management? 
1) Improved profit certainty 
2) Increased shareholder value 
3) Increased stakeholder confidence Correct option 3 
4) Lower economic returns 
Explanation 
Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and 
higher economic returns...
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Test Bank for Canadian Community as Partner Theory & Multidisciplinary Practice 5th edition By Ardene R. Vollman
- Exam (elaborations) • 207 pages • 2024
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Test Bank for Canadian Community as Partner Theory & 
Multidisciplinary Practice 5th edition By Ardene R. Vollman 
Chapter 1, Population Health Promotion: Essentials and Essence of Practice 
1. The 20th century saw numerous improvements in the health status of people in 
the developed world. This was primarily attributable to what phenomenon? 
A. Steady declines in the rate of tobacco consumption 
B. The development of vaccines against many communicable diseases 
C. Eradication of microorganis...
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MHA 707 Exam C | 89 Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Already Passed
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Nonmarketability of risks - Inherent I medicine and medical practice health insurance. 
Moral hazard - behaving differently when you know someone else is taking the risk (induced 
demand) 
Adverse selection - The sicker people likely want more insurance (the healthier, less) 
Pooling of risk - Sharing risk proportionately among many is a basic insurance concept 
Financing health care in U.S. - •Workarounds 
•Redundancies 
•Contradictions 
(NHEA) - National Health Expenditure Accounts 
Nati...
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