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The primary role of insurance is to - Indemnify individuals and organizations for covered losses. As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? - When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of replacing it. A homeowners policy is a type of -...

Which one of the following best describes the concept of pooling? - The concept of pooling is that insureds share the cost of each other's losses As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? - When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of...

The two main sectors of the insurance industry are Property-casualty insurance and life-health insurance. Because insurance contracts impose an obligation for ethical practices and behaviors on the parties while dealing with one another, an insurance contract is called a Contract of utmost good faith. Earned premiums are shown on an insurer's income statement because they are Revenues Destructive competition in the insurance industry could result in Insurance Shortages 3 multiple choic...

As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of replacing it. C. When her ca...

Risk quadrants are different from risk classifications. Risk quadrants focus on what? - The source of the risk itself and what part of the organization has managed it in the past. An enterprise risk management approach is categorizing risks into quadrants. What are hazard risks? - Normally managed by risk management professionals. What are the four risks in the enterprise risk management model? - Hazard, operational, financial, and hazard. What risk quadrant is the change of stocks or bond...

Which of the following documents is utilized for correspondence between the A/E or Owner and the Contractor? A. Job Diary B. Memorandum C. Construction Report D. Formal Business Letter - d Which of the following documents is used for correspondence between the home office and the job site? A. Job Diary B. Memorandum C. Construction Report D. Formal Business Letter - b What is the best time to distribute the Working Agenda to the Participants? A. As a follow-up to the meeting B. At ...

As methods of communication evolve, it's important for claims professionals to remember that any written claims communication may be a. Replaced with verbal communication b. Misinterpreted c. Edited later d. Subpoenaed - d. Subpoenaed Soft fraud occurs when a claim is exaggerated and is also referred to as a. Opportunity fraud b. Financial fraud c. Reimbursement fraud d. Victimless fraud - a. Opportunity fraud In which one of the following scenarios is the right of subrogation most l...

When accounting for accident-year losses for year 20X6, which one of the following would be included? - A reserve change in 20X7 for a loss that occurred in 20X6 Correct. When accounting for accident-year losses for year 20X6, a reserve change in 20X7 for a loss that occurred in 20X6 would be included. An accident-year method aggregates incurred losses for a given period (such as twelve months) using all incurred losses for insured events that occurred during that period. Any losses that oc...

Doctor's Order: Tylenol supp 1 g pr q 6 hr prn temp >101 Available: Tylenol supp 325mg (scored) How many supp will you administer? - 3 supp Doctor's order: Nafcillin 500mg po pc Available: Nafcillin 1 gm tab (scored) How many will you administer per day? - 1.5 tab Doctor's order: Synthroid 75 mcg po daily Available: Synthroid 0.15 mg tab (scored) How many tab will you administer? - 0.5 tab Doctor's order: Diuril 1.8mg/kg po tid Available: Diuril 12.5 mg caps How many cap will y...

Mr. Zachow has a condition for which three drugs are available. He has tried two but had an allergic reaction to them. Only the third drug works for him and it is not on his Part D plan's formulary. What could you tell him to do? - Mr. Zachow has a right to request a formulary exception to obtain coverage for his Part D drug. He or his physician could obtain the standardized request form on the plan's website, fill it out, and submit it to his plan. Mr. Polanski likes the cost of an HMO p...

Mr. Carlini has heard that Medicare prescription drug plans are only offered through private companies under a program known as Medicare Advantage (MA), not by the government. He likes Original Medicare and does not want to sign up for an MA product, but he also wants prescription drug coverage. What should you tell him? - Mr. Carlini can stay with Original Medicare and also enroll in a Medicare prescription drug plan through a private company that has contracted with the government to provi...

Davis is 52 years old and has recently been diagnosed with end-stage renal disease (ESRD) and will soon begin dialysis. He is wondering if he can obtain coverage under Medicare. What should you tell him? - He may sign-up for Medicare at any time however coverage usually begins on the fourth month after dialysis treatments start. Juan Perez, who is turning age 65 next month, intends to work for several more years at Smallcap, Incorporated. Smallcap has a workforce of15 employees and offers e...

Mrs. West wears glasses and dentures and has enjoyed considerable pain relief from arthritis through acupuncture. She is concerned about whether or not Medicare will cover these items and services. What should you tell her? - Medicare does not cover acupuncture, or, in general, glasses or dentures. Mr. Bickford did not quite qualify for the extra help low-income subsidy under the Medicare Part D Prescription Drug program and he is wondering if there is any other option he has for obtaining h...

Mr. Lopez, who is fairly well-off financially, would like to enroll in a Medicare prescription drug plan you represent and simply give you a check to cover his premiums for the entire year. What should you tell him? - He will need to mail in his payment with his enrollment form. Mrs. Chou likes a Private Fee-for-Service (PFFS) plan available in her area that does not include drug coverage. She wants to enroll in the plan and enroll in a stand-alone prescription drug plan. What should you te...

Mrs. Park is an elderly retiree. Mrs. Park has a low fixed income. What could you tell Mrs. Park that might be of assistance? - She should contact her state Medicaid agency to see if she qualifies forprograms that can help with Medicare costs for which she is responsible. Madeline Martinez was widowed several years ago. Her husband worked for many years and contributed into the Medicare system. He also left a substantial estate which provides Madeline with an annual income of approximately ...

What is anatomy? - - How big something is' the geometry and shape, how it connects to the rest of the body - STRUCTURE: can be physically described - Size, shape, location, made of a group of substructures, links to other structures What is physiology? - The scientific investigation of the processes or functions of living things FUNCTION: how things work How are A&P linked? - -Form follows function; processes, structures and functions are all interwoven -Structure implies function -P...

What is the function of a vortex generator? - It is designed to delay of prevent separation of the boundary layer. What are the three axes of an airplane? - Longitudinal, lateral, and vertical. What are the three primary flight controls of an aircraft? - The ailerons, elevators, and rudder. Name several secondary flight controls and describe their general purpose? - Secondary flight controls consist of various types of trim tabs such as balance tabs, anti-servo and servo tabs, and spring t...

In Dr. Terry Tollefson's videos on soil biology, he presented several microscopic organisms that were found in the soil sample. Other than bacteria, identify three other microscopic organisms from the video using one well-written sentence. - Dr. Terry Tollefson's video identified protozoa, nematodes, and mites. During lecture, Dr. Burton presented soil test results from two of his farm fields. What contributed to the "excessive" level of phosphorus in one of the fields? - The previous o...

In Fresh (2009), Michael Pollan (author of Omnivore's Dilemma and In Defense of Food) makes exaggerated, false, or misleading statements about _____. Select ALL that apply. - animal waste from CAFO lagoons being too concentrated for use as fertilizer a lack of government subsidies for growing healthy food changes in the nutritional values of food since1950 Order the following ecological levels of organization from least (1) to most (4) complex. (Ch 2) - 1. Ecosystem 2. community 3. po...

People in the poorest nations normally spend (on average) more than 20% of their disposable income on food. (Lec. 4) - True Joel Salatin's said his goal in managing his operation is to ____. (Fresh the movie, 2009) - "marry" some new technologies with knowledge and experience Traditional agroecosystems make extensive use of locally available and renewable resources. - True In Fresh (2009), Michael Pollan (author of Omnivore's Dilemma and In Defense of Food) makes exaggerated, false, or...