Nursingismylife

Book of business - ANSWERA group of policies with a common characteristic, such as territory or type of coverage, or all policies written by a particular insurer or agency. Adverse selection - ANSWERIn general, the tendency for people with the greatest probability of loss to be the ones most likely to purchase insurance. Policyholders' surplus - ANSWERUnder statutory accounting principles (SAP), an insurer's total admitted assets minus its total liabilities. Capacity - ANSWERThe a...

Underwriters can best minimize the effects of adverse selection by Select one: A. Carefully selecting the applicants whose loss exposures they are willing to insure. B. Choosing to insure only those risks with a high probability of loss. C. Accepting all applicants that are submitted by the producer. D. Rejecting applicants who have had any prior losses. - ANSWERA. Carefully selecting the applicants whose loss exposures they are willing to insure. Victor, sales manager for Hallbinger'...

When insuring a partnership, it is essential to identify which one of the following on the policy declaration page? Choose one answer. A. The partnership B. All partners C. General partners only D. All partners and their share of the partnership - ANSWERA. The partnership If a company's inventory turnover ratio is higher than the industry benchmark, it indicates that Choose one answer. A. Its inventory is becoming obsolete compared to that of its competitors. B. T...

The common distinction between field underwriters and corporate underwriters is that line underwriters - ANSWERImplement the steps in the underwriting process. Corporate underwriters assist underwriting management with formulating underwriting policy. Which one of the following statements is correct with regard to regulation and insurers' operations? - ANSWERSolvency regulation indirectly influences underwriting by limiting new business for insurers. Which one of the following Dun & Bra...

The overarching purpose of underwriting is: - ANSWERTo develop and maintain a profitable book of business. An underwriter receives a renewal application for a property quote from his producer. The applicant has had a series of small losses in the recent past. The underwriter is debating whether to reject the submission or quote it with a property deductible of $5,000. During which one of the following steps in the underwriting process is the underwriter involved? - ANSWERDeveloping underwri...

book of business - ANSWERA group of policies with a common characteristic, such as territory or type of coverage, or all policies written by a particular insurer or agency. underwriting - ANSWERThe process of selecting insureds, pricing coverage, determining insurance policy terms and conditions, and then monitoring the underwriting decisions made. fee for service company - ANSWERan independent contractor who specializes in loss control work and who is paid for each loss control survey per...

What are some examples of adverse selection and how can commercial underwriters minimize the effects of it? 1.3 - ANSWER1. Business owners in areas prone to coastal storms purchase windstorm coverage or increase their limits only before hurricane season—when they expect severe losses. 2. A disproportionate percentage of business owners in an earthquake-prone zone purchase earthquake insurance, compared with other business owners. **Underwriters minimize the effects of adverse selection by...

The principal purpose of underwriting is to - ANSWERDevelop and maintain a profitable book of Samuel is a commercial accounts underwriter working on a new application with five buildings located within the same territory. Samuel would like a photo of each building, and some nontechnical information about the condition of the parking lots and the neighboring buildings. Which one of the following would be the most reliable and cost effective source of this information? - ANSWERMarketing represen...

Pricing - ANSWERThe process of setting a price for a product or service and establishing the terms and conditions for the insurance agreement. Actuaries - ANSWER____ use mathematical techniques to establish insurance rates for the insurer's book of business, which underwriters apply to individual accounts, and is generally referred to as ratemaking. Amount subject - ANSWERThe total value exposed to loss at any one location from any one event. Reinsurance - ANSWERThe transfer of ins...

Policyholders' Surplus - ANSWERUnder statutory accounting principles (SAP), an insurer's total admitted assets minus its total liabilities. Market conduct examination - ANSWERAn analysis of an insurer's practices in four operational areas: sales and advertising, underwriting, ratemaking, and claims handling. Loss reviews - ANSWERA deteriorating loss ratio can be the result of multiple problems and conflicting trends in a book of business can make it difficult to isolate those prob...

Underwriting - ANSWERThe process of selecting insureds, pricing coverage, determining insurance policy terms and conditions, and then monitoring the underwriting decisions made Book of Business - ANSWERA group of policies with a common characteristic, such as territory or type of coverage, or all policies written by a particular insurer or agency Schedule Rating - ANSWERA rating plan that awards debits and credits based on Premium-to-Surplus Ratio, or Capacity Ratio - ANSWERA capacity ...

How is gross profit calculated? - ANSWERGross profit = sales- cost of goods sold The bottom line of an income statement shows the organization's - ANSWERNet income CES Brokers is considering purchasing several shares of Tylo Industries to diversify their investment portfolio. Prior to the purchase, CES would like detailed information on long-term debt issued by Tylo that is nearing maturity. CES should look for this information in the - ANSWERNotes to the financial statements Retaine...

Unfair discrimination - ANSWERApplying different standards or methods of treatment to insureds who have the same basic characteristics and loss potential, such as charging higher-than-normal rates for an auto insurance applicant based solely on the applicant's race, religion, or ethnic background. Insolvency - ANSWERTo protect insureds and encourage a stable economy, governments impose regulations to prevent insurer ____. Termination - ANSWERAn insurer's cancellation of a policy duri...

The basics of effective communication 8.4 - ANSWER1. Understand the purpose 2. Know the audience 3. Use specific language 4. Keep it simple 5. Introduce a timeline Underwriters should get information from brokers and producers 8.4 - ANSWER- When an UND requests additional info from a producer, the UND is the sender and the producer is the receiver - This initial communication takes place in the transmission phase of the communication process, where the sender shares info intended f...

2 inch Tape - ANSWER80 lbs per wrap Type 3 nylon - ANSWER550 lbs Small Screw Pin Clevis - ANSWER8650 lbs Platform Clevis - ANSWER7000 lbs Manufactured Apex - ANSWER10,000 lbs Chain Safety Clamp - ANSWER2000 lbs

THE SABALAUSKI AIR ASSAULT SCHOOL (TSAAS) PHASE 2 TEST QUESTIONS & ANSWERS (RATED A+) What is the minimum weight for any sling load to fly? - ANSWER500lbs What is the hook capacity of the UH-60L/M? - ANSWER9,000lbs Who is the approving authority for a unique load to fly? - ANSWERHigh Risk Approving Authority (O-6) What is the rated capacity of the platform clevis? - ANSWER7,000lbs What equipment is used to secure equipment in the back of vehicles and trailers? - ANSWERCGU-1B ...

Basic operations and equipment manual - ANSWERTM 4-48.09 Single-point load rigging procedures - ANSWERTM 4-48.10 Tandem loads - ANSWER2 loads rigged one in front of the other with 2 cargo hooks used during flight Side-by-side (Shotgun) loads - ANSWER2 loads rigged one beside the other. One or two cargo hooks used during flight. Multiple single point - ANSWERLoads are connected to two or more attachment points or aircraft cargo hooks Pressure sensitive tape (rated capacity) - ANS...

What is the Cargo Hook Capacity for a UH-60A? UH-60L/M? - ANSWERUH-60A: 8,000 lbs UH-60L/M: 9,000 lbs What is the Max internal Load for UH-60 A/L/M? - ANSWER22,000 lbs What is the TM for Technical Manual for 10,000 lbs & 25,000 lbs sling loads? - ANSWERTM &P What are the components of the Apex Hook? - ANSWERCotter Pin Castellated Nut Drilled Bolt Spacer Cross Pin Apex What are the four classifications of sling load? - ANSWERCertified Suitable Unique Prohibited Who can ins...

What is the reference material for Dual Point Hook ups - ANSWERTM 4-48.11 What is the link count on the M1102 Trailer - ANSWERFront = 20 Rear = 3 What are the 4 classifications of loads - ANSWER(CUPS) Certified, Unique, Prohibited, Suitable What is the rope diameter of a 10K sling leg - ANSWER7/8in What is the rated capacity of a 10k sling leg - ANSWER2,500lbs What is the rated capacity of the type IV connector link? - ANSWER12,500 lbs How many copies of the 7382 form need to b...

What is the minimum weight for any sling load to fly? - ANSWER500lbs What is the hook capacity of the UH-60L/M? - ANSWER9,000lbs What equipment is used to secure equipment in the back of vehicles and trailers? - ANSWER15 foot tie down strap with load binders What is the max weight of the M1151 with the fragment 5 kit installed? - ANSWER13,100lbs What is the rated capacity of the rated 3/8 inch Hemp rope? - ANSWER3,180lbs Where can the damage criteria chart for sling legs be found?...