Life & Health Insurance Exam

Insurance>>> transfer of risk Speculative risk>>> has a possibility of both loss and gain Pure risk>>> only has a possibility of loss (no gain) Exposure>>> risks for which an insurance company would be liable expressed in units Peril>>> cause of a loss Hazard>>> an increase in the chance of loss Moral hazard>>> arise from people's character (faking a loss) Morale hazard>>> state of mind or careless attitude (accid...

Life & Health Insurance Exam Insurance>>> transfer of risk Speculative risk>>> has a possibility of both loss and gain Pure risk>>> only has a possibility of loss (no gain) Exposure>>> risks for which an insurance company would be liable expressed in units Peril>>> cause of a loss Hazard>>> an increase in the chance of loss Moral hazard>>> arise from people's character (faking a loss) Morale hazard>>> state of ...

How often is RHA onsite?>>> Weekly;How often do health staff meetings occur?>>> At least monthly;How often are policies and procedures reviewed?>>> Annually;How often are statistical reports made?>>> At least monthly;How often does CQI meet?>>> Quarterly;How many mass disaster drills should occur over a three year period so that each shift has participated?>>> Annually;How often should man down drills occur?>>> Once a year on each sh...