Pooling of risk Study guides, Class notes & Summaries
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MHA 707 Exam C Questions & Answers 2023/2024
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MHA 707 Exam C Questions & Answers 2023/2024 
 
 
Moral Hazard - ANSWER-When the act of insuring an event increases the likelihood that the event will happen 
 
behaving different when you know someone is taking the risk (induced demand) 
 
Adverse Selection - ANSWER-the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction 
 
the sicker people likely want more insurance, compared to those who are healthy 
 
Pooling of Risk - ANSWER...
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MHA 707 Exam C Questions & Answers 2023/2024
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MHA 707 Exam C Questions & Answers 2023/2024 
 
 
Moral Hazard - ANSWER-When the act of insuring an event increases the likelihood that the event will happen 
 
behaving different when you know someone is taking the risk (induced demand) 
 
Adverse Selection - ANSWER-the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction 
 
the sicker people likely want more insurance, compared to those who are healthy 
 
Pooling of Risk - ANSWER...
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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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CEBS - GBA Practice Exam 1 Questions and Answers
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CEBS - GBA Practice Exam 1 Questions and Answers 
 
1. Which of the following statements correctly describes 
minimum require- ments that group benefit plans typically 
must meet in order to be prospec- tively rated on contract 
renewal?: The more unpredictable the event that will trigger a 
claim, the larger the minimum group size and premium 
requirements 
 
2. Which of the following statements correctly describes the 
term graduation as it applies to mortality tables?: It is a 
mathematica...
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Obstetrics/ Maternity Practice Exam 103 Questions with Verified Answers,100% CORRECT
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Obstetrics/ Maternity Practice Exam 103 Questions with Verified Answers 
 
The nurse is preparing a client with a term pregnancy who is in active labor for an amniotomy. What equipment should the nurse have available at the client's bedside? (Select all that apply.) 
 
A. litmus paper 
B. fetal scalp electrode 
C. a sterile glove 
D. an amniotic hook 
E. sterile vaginal speculum 
F. a doppler - CORRECT ANSWER C. A sterile glove 
D. An amniotic hook 
F. A doppler 
 
A single sterile glove, an a...
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Financial Markets Yale Coursera Exam Questions with Correct Answers
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VaR Correct Answer Value at risk, variance 
 
1% one year VaR of 10 million Correct Answer 1% chance portfolio will lose 10$ mil in one year 
 
stress test Correct Answer popular as of 2009, Dodd Frank, fed has to 3 diff scenarios for non bank entities it supervises annually 
 
Freddie Mac & ginne mae did stress tests for 13% in 2005 Correct Answer home prices dropped 30% 
 
Stress test pros and cons Correct Answer show legitimacy, incentivizes white washing 
 
Dodd Frank Correct Answer Subpoena...
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Michigan Life Insurance State Exam Solved 100% Correct
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Under a traditional IRA, interest is taxed: 
 
Only if withdrawn prior to age 59 1/2 
 
According to the capital gains rate 
 
Upon distribution 
 
During the accumulation phase - ANSWER-Upon distribution 
 
Which of these statements concerning Traditional IRAs is CORRECT? 
 
Earnings are not taxable when withdrawn 
 
Earnings are taxable when withdrawn 
 
Contribution are never tax deductible 
 
Contributions are always made by the employer - ANSWER-Earnings are taxable when withdrawn 
 
Wh...
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RMIN Test 1 pt 2 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
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All of the following are characteristics of insurance EXCEPT 
A) risk avoidance. 
B) pooling of losses. 
C) payment of fortuitous losses. 
D) indemnification. A) risk avoidance. 
Which of the following is implied by the pooling of losses? 
A) sharing of losses by an entire group 
B) inability to predict losses with any degree of accuracy 
C) substitution of actual loss for average loss 
D) increase of objective risk A) sharing of losses by an entire group
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Ohio State Exam Life and Health Insurance Questions and Answers (2024 / 2025) (Verified Answers
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Ohio State Exam Life and Health Insurance 
Questions and Answers (2024 / 2025) (Verified 
Answers) 
Which of these is a method of determining the level of funds 
required for ongoing support in the event of the 
breadwinner's death? - CORRECT ANSWER Human life 
value 
Which of the following signatures is not required on an 
individual insurance application? - CORRECT ANSWER 
Insurer 
Insurance companies determine risk exposure by which of 
the following? - CORRECT ANSWER law of large num...
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WebCE Property & Casualty Prep Exam Questions and Answers 2023
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WebCE Property & Casualty Prep Exam Questions and Answers 2023 
Risk 
Chance of loss 
 
 
 
5 Risk or Loss Factors 
1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard 
 
 
 
Insurance allows: 
Individual or group to transfer over to insurance company the risk of financial loss from a destructive event 
 
 
 
Fundamental purpose of insurance is: 
To indemnify policyholder against covered losses or restore policyholder back to same financial position they were in before 
 
 
 
Insurance companies may ...
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