Insurance industry - Study guides, Class notes & Summaries
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Florida Termite Exam | 150 Questions with 100% Correct Answers | Verified | Latest Update 2024
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What must you have signed by the customer before entering into a contract on a property that is 
currently under an active wdo warranty? - Form 13671 (consumer consent form) 
The eastern sub termite belongs to what family? - Rhinotermitidae 
Drywood and dampwood termites belong to the family? - Kalotemritidae 
according to the revised taxonomy of termites, these insects belong in the order ____ along with 
cockroaches - Blattodae 
the Old House Borer is a example of? - Longhorned wood borer 
whi...
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CIP C16 - CH01 - The Insurance Industry in Canada Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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List the 2 fundamental principles of insurance? 
: - premiums of the many used to pay losses of few 
- premium shall be commensurate with the risk 
Why would an insurer spread risks over divers geographical areas? 
: - soften the burden of localized disasters on insurers 
What is a risk pool? 
: - syndicates of insurance or reinsurance companies that have organized to 
underwrite a particular risk or group of similar risks 
- to share and spread risk between insurers and reinsurers 
Explain the...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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CM 2215 Coss Exam Questions & Answers Solved 100%
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what are the 4 most common injuries? - Answer 1. falls 
2. caught in 
3. struck by (head trauma) 
4. electrical 
 
(T/F) OSHA is required to provide and pay for most PPE (personal protection) - Answer true 
 
what are the 5 groups of OSHA standards? - Answer 1. general industry 
2. construction 
3. maritime 
4. agriculture 
5. record keeping 
 
each employer shall furnish employment free from recognized hazards (general duty clause) 
 
section? - Answer section 5 (a)(1) 
 
each employer shall...
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CIP C16 - CH01 - The Insurance Industry in Canada
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CIP C16 - CH01 - The Insurance Industry in 
Canada
And that's how you make extra money
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USAA Licensing Exam Verified Questions And Answers 2024
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Insurance - Transfer of risk from one person or organization to an insurance company 
 
Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. 
 
Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums 
 
Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance 
 
Binder - Temporary insurance contr...
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Loma 311 module 1 Exam Answers 100% Verified
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Loma 311 module 1 Exam Answers 100% Verified 
 
Constitution - ANSWER- One of the primary sources of law. The other three are statutes, administrative regulations, and treaties and international agreements. 
 
 A constitution is a document or group of documents that set out the fundamental principles that determine the powers and duties of the government and the rights of the people. 
-meant to be relatively permanent and a primary source of law 
 
Branches of Government - ANSWER- Legislative,...
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LML4805 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED MEMO- DISTINCTION GUARANTEED)
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LML4805 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED MEMO- DISTINCTION GUARANTEED) 
 
Question 1 
 
(a) Distinguish between the essential features of an insurance contract and the general requirements of a valid contract; then address the consequences if any of these are absent. 
In your answer, also mention one example of an essential feature of an insurance contract and one example of a validity general requirement of a contract. (5) 
(b) Describe any two informal risk-sprea...
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CSPR - Certified Specialist Payment Rep (HFMA) Exam 2023 with Complete Solutions
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Steps used to control costs of managed care include: - ANSWER-Bundled codes 
Capitation 
Payer and Provider to agree on reasonable payment 
 
DRG is used to classify - ANSWER-Inpatient admissions for the purpose of reimbursing hospitals for each case in a given category w/a negotiated fixed fee, regardless of the actual costs incurred 
 
Identify the various types of private health plan coverage - ANSWER-HMO 
Conventional 
PPO and POS 
HDHP/SO plans - high-deductible health plans with a savings...
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CIP C16 - CH01 - The Insurance Industry in Canada With complete solution
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CIP C16 - CH01 - The Insurance Industry in Canada
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