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- All of the following are sources of information to an insurance company pertaining to the insurability of an applicant except A) The applicant's personal appearance B) Medical examination report C) Agent's inspection report D) Government tax recordsYou are in your new job as the Chief Financial Officer for a hospital that is struggling with patient collections and you may have to recommend staff reductions to keep the hospital solvent, what ways would you use to boost collection of patient financial responsibility and what would you do if the patient still cannot pay?which of the following offers lines of insurance to against risk a. insurance rating system b. warranty c. insurer d. commission of insurance
- Imagine 5 different events that would cause losses that would be covered by renter's insurance. Write a one-sentence description of each event and a description and estimate of the amount of losses that would result if you experienced the event.Like Term Life Insurance, there are several variations of Permanent Life Insurance. Let's focus on the two most popular: Whole life insurance, and Universal life insurance. Select the aspect on which the policies generally differ. Cash value account (i.e. for funding future premiums) Management of the cash value account Death benefit (i.e. insurance payout) RenewabilityConsidering yourself as an insurance agent, explain your customer on various benefits of a family floater insurance scheme of your company. can you Write in detail the information you provide to convert your potential customer to an actual customer?
- Calculate the category expense contribution for insurance.tion 2 The rules of risk management appear to be common sense. In view of this fact, how do you account for the widespread violation of these rules in insurance buying today? .Explain the relationship, if any, among the statements: "Don't risk more than you can afford to lose," "Those people who need insurance most are those who can least afford it," and "Insurance should be considered as a last resort." E. What are the implications of the observation that "the cause of a loss is less important than its effect?" In what way does the cost of risk influence the decision to transfer or retain a particular risk? ANTWithin the context of insurance companies, risk management mainly focuses on: Select one: a. Ensuring premiums invested yield planned rate of return b. Reducing the high frequency of insurance claims c. Loss prevention and mitigation d. Prevent underwriting risk
- which of the following tees protects both lenders and harebuyers against loss or damage occurring from licensed cumbrances or defects in the ownership of a property? A) Title fee B) Title insurance C) Mortgage insurance premium D) Private mortgage insurance (PI) 5:10 PMWhy Insurance Services come under the Consumer Protection Act. Why are fire insurance claims rejected, give at least 7 reasons.how important is markerting to insurance companies?