NC Health Insurance Questions And Answers Already Graded A+

risk avoidance - occurs when individuals evade risk entirely risk reduction - occurs when chances of risk are lessened risk retention - is being aware of the risks involved and taking precautions for financial protection. risk transference - is the act of shifting the responsibility of risk to another in the form of an insurance contract. physical - A bodily disease of endangerment, such as cancer, presents a _____ hazard. morale - A mental trait, such as road rage, presents a ____ hazard. moral - An unhealthy habit, such as smoking, presents a _____ hazard. avoidance - Risk ___________ occurs when an individual eludes risk entirely. reduction - Risk _____________ is when the chances of loss are lessened. retention - Risk _____________ occurs when an individual takes precautions for protection by allowing another party to maintain a portion of the risk. transference - Risk _______________ occurs when an individual shifts the responsibility of covering the risk to another.a provider - an individual who is licensed, certified, or otherwise authorized North Carolina General Statutes or under the laws of another state to provide health care services in the ordinary course of business or practice of a profession or in an approved education or training program. government insurers - social security (OASDI), social security hospital insurance, supplemental medical insurance, medicaid, workers' compensation, US armed services and veterans private insurers - stock insurers, mutual insurers, reciprocal insurers, lloyds of london, risk retention groups, reinsurers, fraternal benefits societies, service insurers, home service insurers mutual life insurance - The operating objective of a ____________________ company is to provide insurance to its owners (the policyholders) at the lowest possible net cost.