Pooling of risks - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Pooling of risks? On this page you'll find 638 study documents about Pooling of risks.
Page 3 out of 638 results
Sort by
-
MHA 707 Exam C | 89 Questions with 100% Correct Answers | Verified | Latest Updated 2024 | Already Passed
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $12.36
- + learn more
MHA 707 Exam C | 89 Questions with 100% Correct 
Answers | Verified | Latest Updated 2024 | Already 
Passed 
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...
-
Xcel Solutions Pennsylvania Insurance Test Questions and Answers Already Passed
- Exam (elaborations) • 61 pages • 2024
- Available in package deal
-
- $11.99
- + learn more
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...
-
Illinois LIFE INSURANCE EXAM with Questions and Correct Answers
- Exam (elaborations) • 17 pages • 2024
-
- $12.94
- + learn more
Pooling of Risks - ANSWER A large group of people contribute money to a fund out of which 
their losses can be paid 
Policyowner - ANSWER is the person or org that applies for the policy and pays the premium 
Actuarial Tables - ANSWER Are statistical tables that are used when calculating premium rates 
and mortality loss reserves
-
ILLINOIS LIFE INSURANCE EXAM
- Other • 12 pages • 2023
-
- $12.49
- + learn more
Pooling of Risks - Answer- A large group of people contribute money to a fund out of which their losses can be paid 
 
Policyowner - Answer- is the person or org that applies for the policy and pays the premium 
 
Actuarial Tables - Answer- Are statistical tables that are used when calculating premium rates and mortality loss reserves 
 
Life Insurance Policies transfer: - Answer- financial risks of premature death on a defined amount 
 
Loss of income - Answer- the face amount of life insurance...
-
Florida 214 Exam Prep | 100% Correct Answers | Verified | Latest 2024 Version
- Exam (elaborations) • 28 pages • 2024
-
- $10.49
- + learn more
What is required by the Fair Credit Reporting Act of 1970? - If an applicant is rejected due to findings 
in a report, the applicant must be provided with the names and address of the reporting agency. 
An applicant has the right to know anyone questioned regarding the report. 
An applicant must be notified a report has been requested. 
Insurable interest exists between all of the following - Husband and wife 
Blood relatives (parent, grandparent, children and grandchildren) 
Business partners 
...
As you read this, a fellow student has made another $4.70
-
214 FLORIDA INSURANCE ACTUAL EXAM WITH QUESTIONS AND ANSWERS VERIFIED
- Exam (elaborations) • 120 pages • 2024
-
Available in package deal
-
- $14.00
- + learn more
This type of insurance pays when an insured has died to offset the economic loss to dependents. 
A) life 
B) health 
C) annuity 
D) property and casualty - Life Insurance 
An insurance _________ is the device used by insurance companies to accumulate funds to meet uncertain losses. - Policy 
Insurance companies aggregate (collect) premiums to make claims payments - the aggregating of premiums to pay claims is called _____ ___________. - Risk Pooling 
The more _______ units an insurance company h...
-
Insurance Exam Questions and Answers Already Passed
- Exam (elaborations) • 34 pages • 2024
- Available in package deal
-
- $10.49
- + learn more
Insurance Exam Questions and Answers 
 
Already Passed 
 
An insurer's ability to make unpredictable payouts to policyowners is called Liquidity 
 
A type of insurer that is owned by its policyowners is called Mutual 
 
Which of these are considered to be events or conditions that increase the chances of an insured's 
loss? Hazards 
 
An example of risk sharing would be Doctors pooling their money to cover malpractice 
exposures. 
 
How do insurers predict the increase of individual risks? Law...
-
Florida 2-40 health license chapters review already passed
- Exam (elaborations) • 12 pages • 2024
-
- $9.99
- + learn more
Florida 2-40 health license chapters 
 
review already passed 
 
Loss Sharing The spreading or pooling of risks over a large group of individuals 
 
Risk pooling Same as loss sharing 
 
Law of large numbers Science of probability and experience of mortality (death) & 
morbidity (sickness). The larger and more homogenous the group the more certain the 
predictions 
 
Risk Is defined as uncertainty regarding loss 
 
Speculative risk The chance of both loss and gain 
 
Pure risk Involve only the ch...
-
RMIN 4000 UGA Test 3 Questions and Answers | Latest Update | 2024/2025 | 100% Pass
- Exam (elaborations) • 43 pages • 2024
-
Available in package deal
-
- $11.72
- + learn more
RMIN 4000 UGA Test 3 Questions and 
Answers | Latest Update | 2024/2025 | 
 
100% Pass 
 
What is the primary purpose of insurance? 
 The primary purpose of insurance is to transfer risk from the insured to the insurer in 
exchange for a premium. 
 
What is a deductible in an insurance policy? 
 A deductible is the amount the insured must pay out of pocket before the insurance company 
covers the remaining costs. 
 
What is "underwriting"? 
 Underwriting is the process by which an insurance co...
-
214 FLORIDA INSURANCE ACTUAL EXAM WITH QUESTIONS AND ANSWERS VERIFIED
- Exam (elaborations) • 121 pages • 2024
-
Available in package deal
-
- $12.00
- + learn more
Life Insurance - This type of insurance pays when an insured has died to offset the economic loss to dependents. 
A) life 
B) health 
C) annuity 
D) property and casualty 
Policy - An insurance _________ is the device used by insurance companies to accumulate funds to meet uncertain losses. 
Risk Pooling - Insurance companies aggregate (collect) premiums to make claims payments - the aggregating of premiums to pay claims is called _____ ___________. 
Exposure Units - The more _______ units an in...
How did he do that? By selling his study resources on Stuvia. Try it yourself! Discover all about earning on Stuvia