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Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers | 33 Pages

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Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - correct answerD. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on working out their share. Insurance applies separately to each insured as if other insureds did not exist. This is defined as: A. Severability B. Conditional C. Warranty D. None of the above - correct answerA. Severability Property insurance policies usually contain a(n) __________ clause, stating the insured cannot dump damaged property on the insurer and demand its full value: A. Pro Rata B. Abandonment C. Liberalization D. All of the above - correct answerB. Abandonment A(n) __________ is one wherein economic loss would be suffered from an adverse happening to the subject: A. Conditional Contract B. Personal Contract C. Economic Contract D. Insurable Interest - correct answer D. Insurable Interest

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SPEA H 401 Midterm| QUESTIONS WITH COMPLETE
SOLUTIONS

1984 - correct answerc. 1, 1984a prospective payment fee schedule
came out

C-suit - correct answer executive level class (CEO CFO COO)

Advertising budget - correct answer advertising budget is estimate of a
company's promotional expenditures over a certain period of time

American college of healthcare executives - correct answer
international professional society of 48,000 healthcare executives who
lead hospitals, healthcare systems and other healthcare
organizations. ... ACHE offers its prestigious FACHE® credential,
signifying board certification in healthcare management

Ancillary department - correct answer the wide range of healthcare
services provided to support the work of a primary physician. These
services can be classified into three categories: diagnostic,
therapeutic, and custodial

Balanced scorecard - correct answerAt a glance, the scorecard shows
an organization's goals and how to achieve them.

The scorecard is usually divided into several areas that the
organization considers important to achieving its mission.

Objectives and specific measurements will demonstrate how the goal
is progressing. Target results indicate what an organization hopes or
expects to achieve.

Specific metrics should meet the following criteria: (1) importance to
organization and staff, (2) measurability, (3) data validity, and (4)
action ability.

, Benchmarking - correct answerThe best-known value for a specific
measure, from any source.

against outstanding organizations can improve internal operating
procedures, enhance quality, maximize efficiency and improve the
value of healthcare services.

Board of directors (trustees) - correct answergoverning body
appointed to hold fiduciary responsibility for the organization. As part
of this responsibility, make policy decisions that guide the future of the
organization. An essential component is the development of a
strategic plan that is consistent with the mission and vision of the
organization.

Business Plan - correct answera document setting out a business's
future objectives and strategies for achieving them

CEO - correct answerhas operational responsibility for strategic
planning, hiring of senior leadership, and managing of operations. The
CEO is frequently a member of the board of directors and serves as a
key interface between the board and operations.

Chief of Staff - correct answerThe Chief of Staff is the head of the
medical staff, responsible for providing leadership and guidance to the
medical staff and promoting effective communication between the
medical staff, hospital administration and Board of Trustees

Clinical decision support - correct answer(CDS) provides clinicians,
staff, patients or other individuals with knowledge and person-specific
information, intelligently filtered or presented at appropriate times, to
enhance health and health care

Community Health Needs Assessment - correct answersystematic
process involving the community to identify and analyze community
health needs and assets in order to prioritize these needs, and to plan
and act upon unmet community health needs

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