Surplus Study guides, Class notes & Summaries

CPCU 520 Practice Exam 1 Complete Questions And Answers | 2023 Updates Rated 100% Correct The expenses associated with adjusting claims are referred to as Select one: A. Prospective loss costs. B. Loss adjustment expenses. C. Claims costs. D. Operating expenses. B. Loss adjustment expenses. Insurer Y is small but has a specialty insurance market for high-value vehicles. In competing with a larger insurer with a broader market, Insurer Y is likely to have which one of the following adv...

WA Surplus Lines Broker Exam Questions And Answers Graded A+

(1)Surplus Lines premiums typically expand during: A) A soft Market B) A Hard Market - A Hard Market. Surplus lines premiums typically expand during a hard market. (2) During the time of a hard market, insurers will: A) Tighten their underwriting standards B) Loosen their underwriting standards - A) Tighten their underwriting standards. Tighten and raise premiums. (3) A Ceding company (Choose all that apply): A) Is a primary insurer B) Is also a reinsurer C) Is always also a captive c...

A participating company is also referred to as which type of insurer? - CORRECT ANSWER-Mutual insurer An insurer owned by its policyholders, is called a - CORRECT ANSWER-Mutual insurer What is a participating life insurance policy? - CORRECT ANSWER-Contract that allows the policyowner to receive a share of surplus in the form of policy dividends An insurer enter into a contract with a third-party to ensure itself against losses from insurance policies it issues. What is this agreement ca...

WGU C211 OA Global Economics for Managers Test – With Complete Solutions (Graded A+) WGU C211 OA Global Economics for Managers Test – With Complete Solutions (Graded A+) view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - ANSWER - new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist - ANSWER - evoluti...

WA Surplus Lines - Property Terms Part 1 Exam Questions and Answers

DSC2605 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (225272) - DUE 12 April 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Assignment 2 DSC2605/103/1/2024 Part 1: Representation of LP models Question 1 [15] Consider the following mathematical programming model: Minimise z = −x 1 − x 2 − x 3 subject to −x 2 + x 3 ≥ −1 x3 x 1 +x 2 + x 3 ≤ 0, 1 x1 = x 3 − 3 x2 − ...

(1)Surplus Lines premiums typically expand during: A) A soft Market B) A Hard Market A Hard Market. Surplus lines premiums typically expand during a hard market. (2) During the time of a hard market, insurers will: A) Tighten their underwriting standards B) Loosen their underwriting standards A) Tighten their underwriting standards. Tighten and raise premiums. (3) A Ceding company (Choose all that apply): A) Is a primary insurer B) Is also a reinsurer C) Is always al...

Differentiation the most appropriate evaluation method for small purchases and complex purchases - Answer- Price Analysis - simple purchase Vaule analysis - more complex Recall the main goals of Open Range - Answer- Remove obstacles Promote leading practice Encourage collaboration Who has the authority to add products/services to the procurement schedule? - Answer- The state use committee Name one way a product can be considered for procurement schedule? - Answer- Vendor request, ag...

FAC3702 ASSIGNMENT 1 SEMESTER 1 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . FAC3702/2024/S1 2 KipKor Ltd is a sports shoe manufacturing company, situated in Mamelodi, Gauteng. The company has a 31 December year end. The following details relate to the assets of KipKor Ltd: Machine On 1 July 2022 Kipkor Ltd purchased a machine for an amount of R500 000. Included in the purchase consid...