Academicmaterials

How to deal with risk - Avoid (Don;t fly, hang glide, mountain climb etc) Retain (Self insure) Transfer (Social vehicle for insurance) Share (incorporate or add a partner) Reduce (install fire alarms, stop smoking, etc) Essentials of an Insurance Contract - Think LACC Legal Purpose Acceptance offer -or acceptance counteroffer Competent Parties Consideration -Insurer "promise to pay" -Applicant's "premium" Enforcement Procedures - 1. A hearing must be held: - To revoke, suspend...

An employer pays the accident and health insurance premiums for its employees. The premiums paid by the employer are Deductible to the business. Taxable to the employee. Tax-deferred to the business. Reimbursed as a tax credit. - Deductible to the business. Medical expense insurance typically EXCLUDES coverage for: Prosthetic devices such as artificial limbs Cosmetic surgery Injuries resulting from auto accidents Treatment for terminal illnesses - Cosmetic surgery A group health insur...

All of the following information about a customer must be used in determining annuity suitability EXCEPT a) financial experience b) annual income c) beneficiary's age d) tax status - c A claimant, whi is totally and permanently disabled, is eligible for Social Security Disability benefits after an elimination period of a) 24 months b) 0 months c) 5 months d) 12 months - c A corporation is the owner and beneficiary of the key person life policy. If the corporation collects the polic...

Binding Receipts - coverage is guaranteed until the insurer formally rejects the application -even if the proposed insured is ultimately found to be uninsurable -coverage is guaranteed until rejection of application Blanket Life Insurance - COvers groups of people exposed to the same hazard, such as passengers on an airplane. No one is named on the policy and there is not a certificate of coverage given out. Individuals are only covered for the common hazard. Accelerated benefits - provide...

Binder - Temporary insurance Usually given by the agent—verbal or in writing Can be canceled by the company Does not guarantee a policy will be issued Automatically ends if a policy is issued by the underwriter Assigned risk plans - A plan through which people can buy insurance if they are unable to purchase insurance in the regular or voluntary market, because of their high risk or other factors. An insurer who terminates an appointment, employment, or other relationship of an agent mu...

Alletory Contract - Equal value is not given by both parties in the insurance contract. Either insured collects more claims than premiums or insurer collects more premiums than claims paid. All of the following must have an intermediary license except: A) A town mutual insurance agent who sells only crop insurance. B) A town mutual insurance agent who sells auto insurance. C) A town mutual insurance agent who sells only property insurance. D) A person who sells health insurance for a non-p...

In order for forms HO-2, HO-3, and HO-5 to provide coverage, a dwelling must be insured for at least what percentage of replacement cost? - 80% Coverage for medical payments under a Personal Auto Policy applies to expenses following a covered accident that are incurred and services rendered within what time period? - 3 years An agent offers a client free tickets to a sporting event in exchange for the purchase of an insurance policy. What is the agent guilty of? - Rebating A businessowners...

Why were Exchanges implemented by the Affordable Care Act (ACA)? To create a one-stop market for standardized health insurance plans. Provide an additional stream of income for the Federal government. To enforce every U.S citizen to purchase health insurance. Assist in the conversion of individual policies to government mandated plans. - To create a onestop market for standardized health insurance plans. A licensee whose name or address changes must notify the Commissioner within 15 days b...

Adverse Selection - The tendency of risks with higher probability of loss to purchase and maintain insurance more often than the risks who present lower probability. Adult Day Care - A program for impaired adults that attempts to meet their health, social, and functional needs in a setting away from their homes. Adhesion - A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the insured's only option is to accept or reject the contract. Any ambiguities in the contr...

Wisconsin Insurance Plan - The state organization that provides basic insurance to those who can't obtain coverage through the normal market. 3% - The premium tax on legal surplus policies. Wisconsin Automobile Insurance Plan WAIP - The state government committee for review and revising insurance laws and regulation. They must submit their rules and rates to the commissioner for approval. Surplus lines insurance proposal form - A form that a surplus lines agent must give to their policyh...

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Designed to train students to become teachers - LTS What are the components of NSTP? - Reserve officer's training corps Civil Welfare Training Service Literacy Training Service NSTP - National Training Service Program Designed to provide millitary training - ROTC Community enhancement - CWTS ROTC - Reserve Officer's Training Corps LTS - Literacy Training Program CWTS - Civil Welfare Training Service NSRC - National Service Reserve Corps DCC - Disaster Coordinating Council RDCC - Re...

Information to be included in assessing community needs - - Historical development - Geographical and transportation information - Political and legal functions - Demographic data - Economic data Community immersion - Strategy in community-organizing work that helps give understanding of community concerns, processes, dynamics, and lifestyle through exposure and activities Whom do you immerse with in the community? - Parents, youth, constituents, professionals, and potential collaborator...

Refers to the coagulated juice of the opium poppy (Papaver somniferum L) and embraces every kind, class and character of opium, whether crude or prepared; preparations in which opium, morphine or any alkaloid of opium enters as an ingredient; opium poppy; opium poppy straw, and leaves or wrapping of opium leaves, whether prepared for use or not. - Opium is a program institutionalized under Sections 38 and 39 of Republic Act No. 7077 designed to provide military training to tertiary level st...

It involves students in activities contributory to the general welfare and the betterment of life for the members of the community or the enhancement of its facilities. - CWTS The year of the consolidation of the NSTP Law that is passed by the House of Representatives and Senate - December 19, 2001 NSTP stands for? - National Service Training Program CWTS stands for? - Civic Welfare Training Service aims to help alleviate social problems through the different community services - CWTS IRR...

The Philippine Coast Guard - Tasked primarily with enforcing laws within Philippine water, conducting maritime security operations, safeguarding life and property at sea, and protecting maritime environment and resources Civic Welfare Training Service - programs or activities contributory to the general welfare and the betterment of life for the members of the community or the enhancement of its facilities, especially those devoted to improving health, education, environment, entrepreneursh...

Volunteerism - The practice of providing time and skills for the benefit of other people and causes rather than for financial benefit. gain hands-on experience - You can learn a lot of skills while performing community service such as construction, painting, customer service, and medical skills. Community Immersion - One important requirement of the NSTP prescribe to students male or female alike. This serves as the practical based element of NSTP where lessons learned and acquired in NSTP...

Establishing partnerships with different service-oriented organizations is necessary to make the delivery of community services more effective. Maintaining and improving existing affiliations and developing potential partnerships are important in ensuring that an organization' s needs and limitations can be met and worked on. - Establish partnership and linkages EXEMPTED FROM NSTP PROGRAM - The Philippine Military Academy (PMA), Philippine Merchant Marine Academy (PMMA), Philippine Nationa...

which of the following actions is most appropriate when an inpatient requiring phlebotomy lacks an id bracelet? - ensure the nurse identifies patient and places identification bracelet on patient which of the following actions should be done first, if the lab makes changes using clear amies transport swabs to charcoal transport swabs? - provide an education session for care providers which of the following steps is done first when preforming a new procedure in the laboratory? - read the SOP...

Shift to Left Hgb-O2 Dissociation - O2 not released to tissue adequately - Decreased CO2 - Increased pH - HbF (High affinity Hb) - Multiple transfusions (Decreased 2,3-DPG) Prenatal hematopoiesis - Begins in the yolk sac, then fetal liver, and then bone marrow at birth Hemoglobin - An iron-containing protein in red blood cells that reversibly binds oxygen. - Must have iron and protoporphyrin Transferrin - iron transport protein Ferritin - Major Fe Storage form Hemosiderin - H2O insolub...