Pooling of risk Study guides, Class notes & Summaries

PATHO 370 Week 5 Midterm Exam 2023 COMPLETE. Rheumatic heart disease is most often a consequence of β-hemolytic streptococcal infection. 25.How do clinical conditions that increase vascular permeability cause edema? By allowing plasma proteins to leak into the interstitial fluid, which draws in excess fluid by increasing the interstitial fluid osmotic pressure 26.In contrast to all other types of shock, the hyperdynamic phase of septic shock is associated with high cardiac output 27.Aft...

Speculative Risk - Answer - involves the chance of loss or gain, and is not insurable Pure Risk - Answer - involves the chance of loss only, and is insurable Peril - Answer - Something that causes a direct loss Physical Hazard - Answer - Visible (Black ice) Moral Hazard - Answer - dishonest tendencies (Fraud) Morale Hazard - Answer - Carless, Irresponsible (leaving keys in car) Exposure - Answer - susceptibility to loss Adverse selection - Answer - those with high ri...

Cigna Terms question with complete solution 2023 passed graded A+ Insurer - correct answer An entity which provides insurance. Insured - correct answer A person who buys insurance. Also known as a policyholder or a subscriber. Contract - correct answer Called the insurance policy. Details conditions and circumstances under which the insurer will compensate he insured. Premium - correct answer The amount of money charged by the insurer to the insured for coverage. Name the 4 Core...

Kentucky State Licensing- InsuranceThe three most important principles of insurance are: - correct answer Risk pooling, The law of large numbers, and Insurable interest. Risk pooling - correct answer spreads risk by sharing the possibility of loss over a large number of people. It transfers risk from an individual to a group. Law of large numbers - correct answer estimate how many losses will occur in a certain group of people over a certain period of time. Actuaries - correct answe...

Risk - Answer-chance of loss Peril - Answer-cause of loss (fire, wind, theft, etc) Direct Loss - Answer-the immediate result of an event caused by a covered peril Indirect Damage Loss - Answer-loss resulting from a direct loss to property (income loss expense resulting from the inability to use damaged property) Exposure - Answer-the state of being subject to risk Hazard - Answer-a condition that increased the likely occurrence of a peril or the likely severity of a loss (moral, m...

SOLUTIONS MANUAL for Matching Supply with Demand: An Introduction to Operations Management, 5th Edition by Gerard Cachon. TABLE OF CONTENTS CHAPTER 1: Introduction CHAPTER 2: The Process View of the Organization CHAPTER 3: Understanding the Supply Process: Evaluating Process Capacity CHAPTER 4: Estimating and Reducing Labor Costs CHAPTER 5: Batching and Other Flow Interruptions: Setup Times and the Economic Order Quantity Model CHAPTER 6: The Link between Operations and Finance CHAPTER 7...

Kentucky State Licensing- InsuranceThe three most important principles of insurance are: - correct answer Risk pooling, The law of large numbers, and Insurable interest. Risk pooling - correct answer spreads risk by sharing the possibility of loss over a large number of people. It transfers risk from an individual to a group. Law of large numbers - correct answer estimate how many losses will occur in a certain group of people over a certain period of time. Actuaries - correct answe...

Solution Manual for Matching Supply with Demand An Introduction to Operations Management, 5th Edition Cachon. Table of Contents: Chapter 2:The Process View of the Organization Chapter 3:Understanding the Supply Process: Evaluating Process Capacity Chapter 4:Estimating and Reducing Labor Costs Chapter 5:Batching and Other Flow Interruptions: Setup Times and the Economic Order Quantity Model Chapter 6:The Link between Operations and Finance Chapter 7:Quality and Statistical Process Control Chapter...

Xcel Solutions Pennsylvania Insurance Test Questions and Answers Already Passed A nonparticipating company is sometimes called a Stock Insurer The Do Not Call Registry offers exemptions for calls placed from all the following EXCEPT Insurance Sales Calls Ken is a producer who has obtained Consumer Information Reports under false pretenses. Under the Fair Credit Reporting Act, what is the maximum penalty that may be imposed on Ken? $5,000 A plan in which an employer pays insura...

MHA 707 Exam 3 Questions And Answers 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 Non marketability of risks inherent in medicine and medical practice Health insurance Asymmetries of information Healthcare Physician vs. patie...