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 4 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
-
- $9.99
- + learn more
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.S. - •Workarounds 
•Redundancies 
•Contradictions 
(NHEA) - National Health Expenditure Accounts 
Nati...
-
RMIN Daniel Brown Test 1 Questions and Answers | Latest Version | 2024/2025 | Graded A+
- Exam (elaborations) • 30 pages • 2024
- Available in package deal
-
- $11.03
- + learn more
RMIN Daniel Brown Test 1 Questions 
and Answers | Latest Version | 2024/2025 
 
| Graded A+ 
 
What is the difference between personal risk and property risk? 
 Personal risk involves risks to an individual's health or life, while property risk involves the 
potential for damage or loss to physical assets. 
 
What is risk evaluation used for in risk management? 
 Risk evaluation is used to determine the significance of identified risks and prioritize them 
based on their potential impact and li...
-
LOMA 281 Practice Test with Complete Solutions
- Exam (elaborations) • 23 pages • 2024
-
- $13.39
- + learn more
LOMA 281 Practice Test with Complete Solutions 
 
Pure risk - Answer-Risks that involve either a loss or no loss 
 
Speculative risk - Answer-Risk that can result in a loss, gain or no change 
 
Insurance - Answer-A method for transferring risk from an individual to an insurance company 
 
Premium - Answer-The amount that the insured pays in exchange for a promise of money 
 
Risk pooling - Answer-Insurers collect premiums from all insured people and spread the cost of the relatively few anticip...
-
Life Insurance Exam-Illinois Study Guide Questions Solved Correctly.
- Exam (elaborations) • 15 pages • 2024
-
Available in package deal
-
- $9.99
- + 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...
-
Wise Test Questions and Answers 100% Pass
- Exam (elaborations) • 11 pages • 2024
-
Available in package deal
-
- $9.99
- + learn more
Wise Test Questions and Answers 100% 
 
Pass 
 
If a person earns $36,000 annually, owns assets worth $156,000, and has liabilities totaling 
$85,000, what is their net worth? 
Their net worth is $71,000. (Net Worth = Assets - Liabilities) 
 
When evaluating renters insurance, what should be understood about its purpose? 
It is designed to protect against financial losses from incidents like fire, theft, and personal 
injuries. (Renters insurance is meant to cover financial losses related to the...
Want to regain your expenses?
-
CCSK - V4 and ENISA Questions With Complete Solutions Graded A+
- Exam (elaborations) • 12 pages • 2023
- Available in package deal
-
- $8.49
- + learn more
What is the standard cloud computing model used here? - NIST (National Institute of Standards 
and Technology, a US federal agency); the ISO definition is similar. 
What are the five essential characteristics that NIST uses to define cloud computing? - 1) broad 
network access 2) rapid elasticity 3) measured service 4) on-demand self service 5) resource pooling 
What are the four cloud deployment models defined by NIST? - 1) Public 2) Private 3) Hybrid 4) 
Community 
What is a cloud broker? - En...
-
2-15 Insurance License Florida exam 2024 with 100% correct answers
- Exam (elaborations) • 74 pages • 2024
-
Available in package deal
-
- $19.49
- + learn more
Speculative Risk correct answersRisk that involves chance of both loss and gain; not insurable 
 
Pure Risk correct answersRisk that involves the chance of loss only, there is no opportunity for gain; insurable 
 
Law of Large Numbers correct answersBasic principle of insurance that the larger the number of individual risks combined into a group, the more certainty there is in predicting the amount of loss that will be incurred in any given period. 
 
Elements of Insurable Risk correct answersLo...
-
RMIN Test 1 pt 2 Questions and Answers Already Passed
- Exam (elaborations) • 18 pages • 2024
- Available in package deal
-
- $9.99
- + learn more
RMIN Test 1 pt 2 Questions and Answers 
 
Already Passed 
 
All of the following are characteristics of insurance EXCEPT 
A) risk avoidance. 
B) pooling of losses. 
C) payment of fortuitous losses. 
D) indemnification. A) risk avoidance. 
 
Which of the following is implied by the pooling of losses? 
A) sharing of losses by an entire group 
B) inability to predict losses with any degree of accuracy 
C) substitution of actual loss for average loss 
D) increase of objective risk A) sharing of loss...
-
All Ohio Life Insurance Exam Questions and Answers 100% Pass
- Exam (elaborations) • 24 pages • 2024
-
- $13.49
- + learn more
All Ohio Life Insurance Exam Questions and 
Answers 100% Pass 
A condition increasing chance of loss, e.g. icy roads. - Answer- Hazard 
Immediate event causing loss, e.g. earthquake. - Answer- Peril 
Potential for loss. - Answer- Risk 
Presents chance for loss or gain, e.g. gambling. - Answer- Speculative Risk 
Insurable risk with potential for loss only, e.g. illness. - Answer- Pure Risk 
Criteria for insurable risk, e.g. definite and measurable loss. - Answer- Elements of 
Insurable Risk 
Cert...
-
AINS 101 Exam Prep| Complete Questions Answered 100% Correctly| Updated 2024-2025
- Exam (elaborations) • 91 pages • 2024
-
Available in package deal
-
- $18.49
- + learn more
AINS 101 Exam Prep| Complete Questions Answered 100% Correctly| Updated 
As a single mother on a very tight budget, Ciara is tempted to skimp on her 
insurance. However, her friend Mehmet tells her not to skimp on insurance, 
because it will help manage her cash flows. Which one of the following examples 
best illustrates Mehmet's point? 
A. Ciara needs her car to get to her job, and she needs her job to make car 
payments and pay for her car insurance. 
B. When her car's windshield break...
How much did you already spend on Stuvia? Imagine there are plenty more of you out there paying for study notes, but this time YOU are the seller. Ka-ching! Discover all about earning on Stuvia