Define fiduciary Study guides, Class notes & Summaries
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![Virginia Property and Casualty Insurance](/docpics/4045262/657f74943e91e_4045262_121_171.jpeg)
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Virginia Property and Casualty Insurance
- Exam (elaborations) • 7 pages • 2023
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What is based on the principle of Risk Transfer - Spreading the results of a financial loss among many persons, so the cost to any one person is small 
 
What kind of risk has an outcome that is uncertain? - Speculative Risk 
 
What is the reason for a claim? - A loss is the reason a claim against an insurance company. 
 
What is the measure of a loss? - Exposure Units 
 
Name three types of hazards. - 1. Physical Hazard 
2. Moral Hazard 
3. Morale Hazard 
 
What is a cause of a loss? - Perils a...
![Professional Guardianship State of Florida Exam with Guaranteed Accurate Answers](/docpics/5018999/661eac7caf2db_5018999_121_171.jpeg)
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Professional Guardianship State of Florida Exam with Guaranteed Accurate Answers
- Exam (elaborations) • 18 pages • 2024
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Parents patriae is a Latin term that translates to - correct answer King as father parents of the country 
 
The concept of Prince Porte has given rise to the States authority to intervene in an individual's life in order to protect the person from harming himself or others in the following ways - correct answer Guardianship or conservatorship. Baker act. Protective services for children or adults. Involuntary treatment for substance abuse or mental illness. 
 
Who can amend or change the laws ...
![M-100 The Essentials of Community Association Management Exam Questions With 100% Correct Answers](/docpics/4641565/65e232a20b9fc_4641565_121_171.jpeg)
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M-100 The Essentials of Community Association Management Exam Questions With 100% Correct Answers
- Exam (elaborations) • 80 pages • 2024
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M-100 The Essentials of Community 
Association Management Exam Questions 
With 100% Correct Answers 
Each of the following are key characteristics of community associations EXCEPT: 
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to 
operate and maintain the community association. 
b. Membership in the community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the board of directors...
![Fundamentals of Insurance BC questions and answers graded A+](/docpics/5101272/662a015e8cd0c_5101272_121_171.jpeg)
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Fundamentals of Insurance BC questions and answers graded A+
- Exam (elaborations) • 16 pages • 2024
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Fundamentals of Insurance BC 
questions and answers graded A+ 
What is the major function of insurance? - ANSWERS to allow the spread of risk 
What are the five important functions of insurance? - ANSWERS 1) insurance is the 
shifting of financial responsibility for a loss 
2) payment will be made only in the event of an insured risk 
3) the amount of payment is restricted to the amount required to indemnify the insured 
4) insurance covers losses the object may be exposed to 
5) the indemnit...
![Professional guardianship state of Florida Test Questions with 100% Complete Solutions, A+](/docpics/4833002/660302e99cd6b_4833002_121_171.jpeg)
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Professional guardianship state of Florida Test Questions with 100% Complete Solutions, A+
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
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Parents patriae is a Latin term that translates to - King as father parents of the country 
 
The concept of Prince Porte has given rise to the States authority to intervene in an individual's life in order to protect the person from harming himself or others in the following ways - Guardianship or conservatorship. Baker act. Protective services for children or adults. Involuntary treatment for substance abuse or mental illness. 
 
Who can amend or change the laws governing guardianship. ...
![PBHE215 Week 4 Midterm Exam; Short Answer Questions](/docpics/4680358/65e8869f137a6_4680358_121_171.jpeg)
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PBHE215 Week 4 Midterm Exam; Short Answer Questions
- Exam (elaborations) • 9 pages • 2024
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1.	Question: Define ethics and explain the difference between ethics and laws. (1 paragraph--including in-text citations and references in proper APA format) 
2.	Question: What is the difference between administrative and biomedical ethical issues. (2 paragraphs--including in-text citations and references in proper APA format) 
3.	Question: List the steps to managers' problem solving methodology? (refer to week 1.) (1 paragraph including in-text citations and references in proper APA format) 
4...
![AL P&C University of Alabama Study Guide 2024](/docpics/3748828/65434721027ae_3748828_121_171.jpeg)
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AL P&C University of Alabama Study Guide 2024
- Exam (elaborations) • 38 pages • 2023
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If a company cancels an auto policy mid-term, the refund will be made on a : 
 
A. pro rata basis 
B. short rate basis 
C. retroactive basis 
D. coinsurance basis - A. Pro Rata Basis 
 
What is the term used to describe terminating the insurance relationship at the end of the policy period? 
 
A. Cancellation 
B. Nonrenewal 
C. Separation 
D. Exclusion - B. Nonrenewal 
 
Which is the best example of an indirect loss? 
 
A. Sequential loss 
B. Liability loss 
C. Employee theft 
D. Loss of use - D...
![RECA Fundamentals Exam 2023 Questions with Verified Answers](/docpics/641bfcf5e9842_2505136.jpg)
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RECA Fundamentals Exam 2023 Questions with Verified Answers
- Exam (elaborations) • 14 pages • 2023
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Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) 
 
Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature 
 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) 
 
Which of the following will occur to the supply of a good when there is a change in quantity...
![SAFe Advanced Scrum Master Questions and Answers Already Graded A](/docpics/630764f89ee36_1918722.jpg)
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SAFe Advanced Scrum Master Questions and Answers Already Graded A
- Exam (elaborations) • 14 pages • 2022
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SAFe Advanced Scrum Master Questions and Answers Already Graded A Agile Architecture Agile architecture is a set of values and practices that support the active evolution of the design and architecture of a system, concurrent with the implementation of new business functionality. With this approach, the architecture of a system, even a large one, evolves over time while simultaneously supporting the needs of current users. This avoids Big Up-Front Design (BUFD) and the starting and stopping of s...
![Humber Real Estate - Course 2, Module 1, Explaining Services Available to a Seller or Buyer](/docpics/5208667/6638fbf0da4c0_5208667_121_171.jpeg)
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Humber Real Estate - Course 2, Module 1, Explaining Services Available to a Seller or Buyer
- Exam (elaborations) • 17 pages • 2024
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Humber Real Estate - Course 2, Module 1, Explaining Services Available to a 
Seller or Buyer 
The relationship between two parties in which one party (the agent) accepts responsibility for 
representing the other party (the principal) in dealing with a third party. Under Ontario law, how is an 
'agency relationship' defined? 
Client & Customer While common law uses the terms 'Principal' and 'Third Party', what terms does 
REBBA use instead? 
The Common Law of Agency The underlying r...
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