Employee benefit risks - Study guides, Class notes & Summaries

ANCC Risk mgt / ethics / research Exam 93 Questions with Verified Answers What are some systematic components to reducing risk? What does it begin with? - CORRECT ANSWER Begins with a formal written plan -organizational goals -delineation of program scope, components, methods -delegating responsibility for implementation and enforcement -commitment of the board -guarantees of confidentiality and immunity for those who squeal goals -> scope/methods -> delegation -> board b...

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...

A trainer is reviewing how well a training activity was received by the people in the workplace. What form of training analysis is that person using? A. Reaction B. Behavior C. Results D. Learning - A. The trainer is using a reaction plan to determine what is happening based on how people act and what might occur A person's general knowledge and skills for work can be interpreted as: A. Return on investment B. Human capital C. Economic functionality D. Stress response - B Jose...

SHRM-CP Practice Exam Questions With Correct Answers Updated 2024/2025 | Graded A+. A trainer is reviewing how well a training activity was received by the people in the workplace. What form of training analysis is that person using? A. Reaction B. Behavior C. Results D. Learning - Answer A. The trainer is using a reaction plan to determine what is happening based on how people act and what might occur A person's general knowledge and skills for work can be interpreted as: A. Return on ...

Which one of the following statements describes a benefit of using an intermodal cargo container to ship cargo? - Answer-Intermodal containers can be transferred from ship to truck without disturbing the contents. coinsurance formula 2.28 - Answer-1.Multiply the value of covered property, except property in transit, at the time of loss by coinsurance percentage 2.Divide the limit of insurance of the property by the figure determined in Step 1 3.Multiply the total amount of loss, before the...

Life Insurance Exam Prep Questions and Answers (2023 / 2024) (Verified Answers) An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract...

Healthcare Quality Improvement and Risk Management Questions and Answers 100% Pass CHAPTER 1 - Answer- The Joint Commission Standards - Answer-1. providing leadership 2. improving organizational performance 3. information management 4. patient's rights -quality of care and legal responsibilities to do no harm Risk Management - Answer-an organized effort to identify, assess, and reduce, where appropriate, risks to patients, visitors, staff, and organizational assets -a program designe...

Jumping Juvenile - Any life insurance written on the life of a minor - Face amount increases at a predetermined age, often 21 - The face amount jumps but the premium remains level 401 K Plan A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Assignment Clause Owner can assign policy ownership either- Absolute: permanent Collateral: temporary Accelerated Death Benefit Rider Policy provision that allows early payme...

Final Exam - Maryland Life and Health Questions and Answers 100% Solved How are monthly life annuity benefit payments treated under a tax sheltered annuity (TSA)? taxed as ordinary income in the year received Life Insurance replacement can be best defined as _______? a transaction in which a new life insurance policy is purchased and an existing life insurance policy is surrendered According the the affordable care act (ACA), dependent children may remain on their parent's plan until what ag...

concurrent review correct answers Which of the following is a Managed Care Provision used by insurers to monitor hospital stays AIDS correct answers All of the following are typical exclusions for coverage under an accelerated death benefit rider, except: The amount of the accelerated payment, the remaining death benefit and cash values correct answers In the event that an insured receives a periodic benefit as the result of exercising the Accelerated Death Benefit Rider, what information ...