Risk pooling Study guides, Class notes & Summaries

MHA 707 Exam C Questions & Answers 2023/2024 Moral Hazard - ANSWER-When the act of insuring an event increases the likelihood that the event will happen behaving different when you know someone is taking the risk (induced demand) Adverse Selection - ANSWER-the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction the sicker people likely want more insurance, compared to those who are healthy Pooling of Risk - ANSWER...

CEBS - GBA Practice Exam 1 Questions and Answers 1. Which of the following statements correctly describes minimum require- ments that group benefit plans typically must meet in order to be prospec- tively rated on contract renewal?: The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathematica...

Under a traditional IRA, interest is taxed: Only if withdrawn prior to age 59 1/2 According to the capital gains rate Upon distribution During the accumulation phase - ANSWER-Upon distribution Which of these statements concerning Traditional IRAs is CORRECT? Earnings are not taxable when withdrawn Earnings are taxable when withdrawn Contribution are never tax deductible Contributions are always made by the employer - ANSWER-Earnings are taxable when withdrawn Wh...

Commercial Lines 101 CE Questions and Answers 2024 Insurer - Answer -The insurance company Named Insured/Insured - Answer -The policyholder Financial Definition of Insurance - Answer -A financial agreement involving the redistribution of financial losses Legal Definition of Insurance - Answer -A contractual agreement in which one party (the insurer) agrees to compensate or indemnify another party (the insured) for fortuitous losses Loss Pooling - Answer -the sharing of total losses susta...

Obstetrics/ Maternity Practice Exam 103 Questions with Verified Answers The nurse is preparing a client with a term pregnancy who is in active labor for an amniotomy. What equipment should the nurse have available at the client's bedside? (Select all that apply.) A. litmus paper B. fetal scalp electrode C. a sterile glove D. an amniotic hook E. sterile vaginal speculum F. a doppler - CORRECT ANSWER C. A sterile glove D. An amniotic hook F. A doppler A single sterile glove, an a...

TEST BANK for Matching Supply with Demand: An Introduction to Operations Management, 4th Edition, Gerard Cachon, Christian Terwiesch. All Chapters 1-19. 234 Pages Table of Contents 1. Introduction 2. The Process View of the Organization 3. Understanding the Supply Process: Evaluating Process Capacity 4. Estimating and Reducing Labor Costs 5. Batching and Other Flow Interruptions: Setup Times and the Economic Order Quantity Model 6. The Link between Operations and Finance 7. Quality an...

PATHO 370 Week 5 Midterm Exam 2023 COMPLETE. Rheumatic heart disease is most often a consequence of β-hemolytic streptococcal infection. 25.How do clinical conditions that increase vascular permeability cause edema? By allowing plasma proteins to leak into the interstitial fluid, which draws in excess fluid by increasing the interstitial fluid osmotic pressure 26.In contrast to all other types of shock, the hyperdynamic phase of septic shock is associated with high cardiac output 27.Aft...

WebCE Property & Casualty Prep Exam Questions and Answers 2023 Risk Chance of loss 5 Risk or Loss Factors 1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: Individual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of insurance is: To indemnify policyholder against covered losses or restore policyholder back to same financial position they were in before Insurance companies may ...

All of the following are characteristics of insurance EXCEPT A) risk avoidance. B) pooling of losses. C) payment of fortuitous losses. D) indemnification. A) risk avoidance. Which of the following is implied by the pooling of losses? A) sharing of losses by an entire group B) inability to predict losses with any degree of accuracy C) substitution of actual loss for average loss D) increase of objective risk A) sharing of losses by an entire group

Ohio State Exam Life and Health Insurance Questions and Answers (2024 / 2025) (Verified Answers) Which of these is a method of determining the level of funds required for ongoing support in the event of the breadwinner's death? - CORRECT ANSWER Human life value Which of the following signatures is not required on an individual insurance application? - CORRECT ANSWER Insurer Insurance companies determine risk exposure by which of the following? - CORRECT ANSWER law of large num...