These Programs Began as Arrangements Between Insurers and Reinsurers, but They

question 25

Multiple Choice

These programs began as arrangements between insurers and reinsurers, but they can also be arrangements between any business and an insurer.Premiums paid by the corporation to finance potential losses are placed in an experience fund, which is held by the insurer.Over time, the insured pays for his or her own losses through a systematic payment plan, and the funds are invested for the client.Identify the risk program in discussion.

• A)Infinite risk program
• B)Reinsurance risk program
• C)Noneconomic risk program
• D)Finite risk program
• E)Predictable risk program

Recognize personality traits that contribute to or detract from successful leadership.

Identify how different work modes impact office design preferences.

Define the components and characteristics of a work group in an organizational setting.

Understand the processes involved in workforce planning and talent management.

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Definitions:

Tangible E&E Assets

Tangible Exploration & Evaluation Assets; physical assets used in the exploration and evaluation of mineral resources.

Fair Value

The estimated market price at which an asset or liability could be bought or sold in a current transaction between willing parties.

AASB 6/IFRS 6

An accounting standard which applies to the exploration and evaluation expenditures incurred by an entity in its exploration for and evaluation of mineral resources.