Proprietary insurer - Study guides, Class notes & Summaries

Insurer Y is involved in recycling and reusing materials used in policy production and claims handling and reporting. The insurer has also been keenly interested in salvage programs having learned that these programs are better for the environment and more cost-effective for insureds. By participating in these programs and activities, Insurer Y is meeting which one of the following insurer goals? Select one: A. Social responsibility goals B. Profitability goals C. Customer needs goals D. ...

Wisconsin Health Insurance Law Questions and Answers Already Passed How long does the free-look period last for an individual disability policy? 10 days What is the provision that allows the policyowner to, within a specified amount of time, return a new policy for a full premium refund? Free-look period Revealing a specific charge level for a procedure or a specific provider name are examples of information that might be construed as what? Proprietary If an insurer plans to stop ...

AINS 101 Exam Question with 100 % correct answers | Verified 2024/2025 Risk - answerUncertainty about an outcome, positive or negative Pooling - answerAll insureds share costs of each others losses. All put money into a fund that is used to pay losses as they occur. Helps keep the premium affordable Helps cover large losses Benefits of Insurance - answer- Pay for losses - Manage cash flow uncertainty - Comply with legal requirements - Promote risk control activity - Efficient use of i...

AINS 101 Exam Question with 100 % correct answers | Verified 2024/2025 Risk - answerUncertainty about an outcome, positive or negative Pooling - answerAll insureds share costs of each others losses. All put money into a fund that is used to pay losses as they occur. Helps keep the premium affordable Helps cover large losses Benefits of Insurance - answer- Pay for losses - Manage cash flow uncertainty - Comply with legal requirements - Promote risk control activity - Efficient use of i...

CPCU 520 Practice Exam Questions & Answers 2024/2025 Which one of the following functional areas of Keithly can assist Alex with this audit's irregularity? - ANSWERSSpecial Investigation Unit Which one of the following best describes a FAIR plan and its insureds? - ANSWERSState-run plans with cost spread among private insurers in the state Which one of the following departments provides information to the underwriting department to assist in selecting and rating risks? - ANSWERSRisk...

What is an example of the interaction between personal and professional life? The nature of the OR results in some isolation from the general public Patient safety and hospital efficiency and effectiveness are related to? consistent communication Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More What tasks belongs to the medical records department? maintains and verifies all patient records, trascriptio...

CPCU 520 - Connecting the Business of Insurance Operations 5 insurer goals - answer1. Earn a profit 2. Meet customer needs 3. Comply with legal requirements 4. Diversify risk 5. Fulfill duty to society Internal Constraints on Achieving Insurer Goals: - answer1. Inefficiency - poor management, insufficient capital, outdated technology, inability to adapt to change 2. Lack of expertise 3. Size - large insurers can invest more in market research and product development; small insurers ca...

AINS 101 Exam Question with 100 % correct answers | Verified 2024/2025 Risk - answerUncertainty about an outcome, positive or negative Pooling - answerAll insureds share costs of each others losses. All put money into a fund that is used to pay losses as they occur. Helps keep the premium affordable Helps cover large losses Benefits of Insurance - answer- Pay for losses - Manage cash flow uncertainty - Comply with legal requirements - Promote risk control activity - Efficient use of i...

CPCU 520 Practice Test Questions with Correct Answers Which one of the following functional areas of Keithly can assist Alex with this audit's irregularity? - ️️ Special Investigation Unit Which one of the following best describes a FAIR plan and its insureds? - ️️ State-run plans with cost spread among private insurers in the state Which one of the following departments provides information to the underwriting department to assist in selecting and rating risks? - ️️ Risk cont...

Ch.1 General Insurance Estoppel Prevents the denial of a fact previously established to be true The concept that the insured should not profit from an insurance transaction is called The principle of indemnity When an individual faces the risk of economic loss in the event of property damage, this indicates which of the following Insurable Interest What is not an option for managing risk Subrogating the risk What is not true of insurance It eliminates ris...