Risk pools - Study guides, Class notes & Summaries

List the two fundamental principles of insurance. : 1. The premiums of the many are used to pay the losses of the few. 2. The premiums shall be commensurate with the risk. -Insurance fulfils a societal need -Provides consumers with financial security for particular types of accidental losses. Also underpins the economy facilitating economic growth and societal development -Insurance is the promise to indemnify another person against the possibility of a loss -Significant claim is paid ba...

C16 Business of Insurance Exam Questions And Answers (Verified And Updated) 5 Ways Insurance companies spread risk - answer-Share risk with other insurance companies (for very large risk, several insurers subscribe to percentage of risk) -Reinsure the risk -deductible -spread risk over diverse geographical region (soften risk of localized disasters) -form risk pools (syndicates of insurance and reinsurance companies, organized to underwrite particular risk) Two principles of insurance -...

1. While attending an international nursing conference, many discussions and break-out sessions focused on the World Health Organization's (WHO) views on health. Of the following comments made by nurses during a discussion session, which statements would be considered a good representation of the WHO definition? Select all that apply. A. Interests in keeping the older adult population engaged in such activities as book reviews and word games during social time B. Increase in the number o...

Ellis and Associates ILTP Study GuideStandard of Care - correct answers The degree of care a responsible person would take to prevent an injury to another person Accountable to: - correct answers Guests, Employer, and Self Keep a professional image by: - correct answers Punctuality, Proper Uniform, Preparedness, Pleasant, Attentive, Vigilant, and Knowledgeable Purpose of E&A Audits - correct answers To identify potential aquatic risk exposures before they become an issue and increase th...

pool operators test Questions & Answers(scored A+) In addition to the training class and test, the operator must... - ANSWER have knowledge of the swimming pool ordinance for the AHJ, make sure all certifications are kept updated, ensure that all employees are properly trained and in-services are held, be trained on the physical plant of swimming pool facility that they intend to operate, familiarize themselves with the specifics of the swimming pool facility conventional swimming pool - A...

Goals of Technology for SCM - Plan, execute, and control SCM activities in real time Optimization - peak performance of a supply chain requires alignment of resources within and across organizations Cross-chain Visibility - visibility to events occurring across the supply chain is a pre-requisite for effective decision making Speed to Market - properly implemented technologies capture customer requirements, prioritize them, and recommend alternatives to ensure product velocity aligns wi...

List the two fundamental principles of insurance. : 1. The premiums of the many are used to pay the losses of the few. 2. The premiums shall be commensurate with the risk (must charge an appropriate premium for the risk.) (there must be an appropriate balance of premiums and claims paid) Why would an insurer spread risks over diverse geographic areas? : 1. Risks spread over a larger geographic area soften the burden of localized disasters on insurers. 2. For example, a severe windstorm...

REO - ANSWER What term describes a property that is owned by a lender because a third-party buyer couldn't be found at a foreclosure auction? Real Estate Mortgage Investment Conduit (REMIC) - ANSWER A type of SPV that holds commercial and residential mortgages in trust, assembles said mortgages into pools based on risk, and issues bonds (securities) on these pools to sell to investors in the secondary mortgage market is a(n): a concession - ANSWER Julio considers leasing an apartment u...

PN1 FINAL EXAM QUESTIONS AND ANSWERS ALREADY PASSED Name Interventions to prevent falls. (15 Possible things) 1.Fall risk assesment 2. Call light in reach (explain how to use it) 3. Regular toileting 4. Adequate lighting 5. Orient client 6. Bed in Lowest Position. 7. High risk-next to nurses station. 8. Frequently used items close to patient 9. Avoid full side bed rails. 10. Nonskid footwear. 11. Floor free from clutter. 12. Lock wheels on bed and chairs 13. Glasses 14. Chair/...

Ellis and Associates ILTP Study Guide | Questions and Correct Answers | Latest Update 2024/2025 Standard of Care - Answer -The degree of care a responsible person would take to prevent an injury to another person Accountable to: - Answer -Guests, Employer, and Self Keep a professional image by: - Answer -Punctuality, Proper Uniform, Preparedness, Pleasant, Attentive, Vigilant, and Knowledgeable Purpose of E&A Audits - Answer -To identify potential aquatic risk exposures before they bec...