What is insurance Study guides, Class notes & Summaries

Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Ind...

MICHIGAN LIFE AND HEALTH FINAL EXAM / 80+ QUESTIONS AND CORRECT ANSWERS 2023/2024 / GRADED A+. Final Exam-Michigan Life and Health 1. What amount will be paid under a policy where the insured misstated his/her age?: an amount the premium would have purchased at the correct age 2. the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days: 30 days 3. which of these is considered to be a Living benefit option in a lif...

TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (798141) - DUE 19 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9......... QUESTION 1 (40 marks, 72 minutes) Crystal (Pty) Ltd (“Crystal”) is a South African resident company with a 31 March financial year end. The company is a leading manufacturer and distributor of float glass, laminated glass, and various mirror products to customers in and outside South Africa. Cry...

3 basic components of a fire (Ans- Fuel, Heat, Oxygen Toxic materials are released into the air during what processes? (Ans- Demolition and reconstruction When working in areas with loose soot residue, (Ans- Utilize appropriate engineering tools, PPE, AFDs The average size of a smoke particulate is (Ans- .1 - 4 microns Smoke residue is commonly comprised of (Ans- Carbon, Oxides of nitrogen When soot reside combines with moisture or humidity it forms (Ans- Acid residue ...

WGU D220 Objective Assessment Version 1 (New 2023/ 2024 Update) Information Technology in Nursing Practice | Questions and Verified Answers| 100% Correct| Graded A Confirming data accuracy or Analyzing a single piece of data in multiple ways Answer: Triangulation QUESTION What is included in meaningful use Answer: Use of electronic prescribing QUESTION What is the goal of the Health Information Exchange Answer: To allow insurance companies & providers to b...

SI Life Exam Questions and Answers 100% Pass What kind of retirement plan can a 75-employee for profit corporation establish? Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT failure to pay all claims that are reported within 90 days after a loss occurs The settlement option t...

Primerica Life Insurance Exam: 2023/ 2024 New Update (Questions and 100% Verified Answers) 1. A married couple owns a permanent policy which covers both of their lives and pays the benefit only upon the death of the first insured. Which policy is that? A. Survivorship Life Policy B. Second-to-Die C. Family income policy D. Joint life policy Answer: D. Joint life policy 2. An annuity owner is funding an annuity that will supplement her retirement. Because she does not...

2024 NJ DMV Permit Test (ACTUAL TEST ) Questions and Answers (Solved) 1. When must you signal before making a turn? Answer: At least 100 feet before theintersection 2. How close may you park to a stop sign? Answer: 50 feet 3. How close may you park to a corner? Answer: 25 feet 4. How close may you park to a fire hydrant? Answer: 10 feet 5. What is the stopping distance on a dry road at 50 m.p.h.? Answer: 243 feet 6. What is the proper distance you may park from the curb? Answer: 6...

Florida 240 Practice exam questions and answers Florida 240 Practice exam questions and answers A medical expense policy that establishes the amount of benefit paid based upon the prevailing charges which fall within the standard range of fees normally charged for a specific procedure by a doctor of similar training and experience in that geographic area is known as Usual, customary and reasonable What provision would prevent an insurance company from paying a reimbursement claim t...

Well-structured FIN2601 Assignment 1 (QUIZ ANSWERS) Semester 1 2024 (695916) - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). QUESTION 1 Which one of the following statements articulates the distinction between the capital market and the money market? * 1. 0 2. 0 3. 0 4. The capital market deals with long-term securities, while the money market deals with short-term instruments. The capital market involves borrowing and lending for periods exceeding one year, whil...