Exclusive vs independent - Study guides, Class notes & Summaries

Insurance - transfer of risk Speculative risk - has a possibility of both loss and gain Pure risk - only has a possibility of loss (no gain) Exposure - risks for which an insurance company would be liable expressed in units Peril - cause of a loss Hazard - an increase in the chance of loss Moral hazard - arise from people's character (faking a loss) Morale hazard - state of mind or careless attitude (accidentally leaving door unlocked) Methods of handling risk - STARR...

Preserve Secrecy - ️️-lock written material -secure computer stored knowledge with firewalls and encryption -impose confidentiality restrictions -regulate visitors -nondisclosure agreements Demonstrating Misappropriation - ️️Occurs when one improperly acquires or discloses secret info (it is a known secret) Independent creation and reverse engineering are exempted from this Intellectual Property - ️️(Abe Lincoln only president to have a patent) Justification: To promote, giv...

Molloy Humanistic Framework - Humanity, valuing, health, and environment all around nursing Humanity - A unique human being, functioning as an integrated whole, reflecting bio-psycho-social-cultural dimensions. Look at the whole person Environment - The sum total of all internal and external dimensions that influence human beings. Valuing - Holding in high esteem the inherent worth and dignity of all individuals. Health - The dynamic state of bio-psycho-social-cultural well-being. What ...

RMIN 5100S Test 1 Atkinson Questions and Answers 100% Pass Risk Manager - "insured" buyer of insurance - Larger companies will have one personal one - Small to mid-sized companies will have someone else who serves this role - Must evaluate risks and determine the best approach to manage risks -- including Loss Control, Retention and transfer techniques Agent or Broker "Intermediary" Facilitates the purchase of insurance. Advises insured. Negotiates with the insurer. Independ...

Life Insurance Test WA State (And General Insurance Review) Questions and Answers Graded A+ When does insured need an insurable interest? when they buy insurance(not like property casualty where have to have at time of claim and not necessarily when buying) when is subrogation used? not in life and seldom in health elimination period what acts as the deductible in health insurance(the term deductible is not used in disibility insurance) - have to actually be disabled for a certian ...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

FMS 100 Final Exam Questions With Answers Latest Updated 2024/2025 | Scored A+. Analog vs. Digital - ANSWER--*Analog*: Film is an analog medium in which the camera creates an image by recording through a camera lens the original light given off by the subject, and stores this image on a roll of negative film stock. We call it analog because the image is analogous, or proportional, to the input. Requires: camera, processor, and a projector. -*Digital*: Involves an electronic process that cre...

Property And Casualty Insurance Exam With Correct And Verified Solutions 2024 Insurance - correct answer.Transfer of risk form a person or business to an insurer Loss - correct tainty/possibility of a loss Speculative vs pure risk - correct answer.Speculative - chance of loss or gain Pure - only chance of loss Exposure - correct for which the insurance company would be liable Peril - correct of loss Direct vs Indirect loss - correct answer.Direct - physical l...

LEGAL 2700 Exam 3 Hackleman Study Guide Solutions Intellectual Property - ANSWER-(Abe Lincoln only president to have a patent) Justification: To promote, give incentive to business/ideas, protection via patents, encourages research and development Competition (in relation to intellectual property) - ANSWER-Customer list, skills, design plans Capturing (in relation to intellectual property) - ANSWER-idea that once something is out in the public domain, you cannot apply intellectual law to...

Life & Health Insurance Exam Already Graded A Insurance ️transfer of risk Speculative risk ️has a possibility of both loss and gain Pure risk ️only has a possibility of loss (no gain) Exposure ️risks for which an insurance company would be liable expressed in units Peril ️cause of a loss Hazard ️an increase in the chance of loss Moral hazard ️arise from people's character (faking a loss) Morale hazard ️state of mind or careless attitude (accidentally leaving do...