Surplus Study guides, Class notes & Summaries
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ECS2601 Assignment 4 Semester 2 (ANSWERS)
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ECS2601 Assignment 4 Semester 2 (ANSWERS) 
 
Question 1 
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Question text 
When a profit-maximising firm is at its short run optimum, 
a. 
none of the options will be true. 
b. 
the average cost of the product is at its lowest possible point, whether a profit is being made or not. 
c. 
the profit per unit of output will be at its maximum possible level. 
d. 
the firm will be shut down if its price is less than the average fixed cost. 
Question 2 
Comp...
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CPCU 520 Practice Exam 1 Complete Questions And Answers | 2023 Updates Rated 100% Correct
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CPCU 520 Practice Exam 1 Complete Questions And Answers | 2023 Updates Rated 100% Correct 
The expenses associated with adjusting claims are referred to as 
Select one: 
 
A. Prospective loss costs. 
B. Loss adjustment expenses. 
C. Claims costs. 
D. Operating expenses. B. Loss adjustment expenses. 
 
Insurer Y is small but has a specialty insurance market for high-value vehicles. In competing with a larger insurer with a broader market, Insurer Y is likely to have which one of the following adv...
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WA Surplus Lines Broker Exam Real Questions And Correct Answers
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WA Surplus Lines Broker Exam 
Real Questions And Correct 
Answers 
When are you required to file premium tax return for the previous 
calendar year by? - ANSWER March 1st 
What does statutory accounting mean? - ANSWER Rules state 
that certain assets are non-admitted (don't count) as you can't pay 
claims with them. 
Bonds rated ___________ and higher are considered investment 
grade. - ANSWER 1 & 2 
What does IBNR stand for? - ANSWER Incurred but not 
reported 
True or false, individual...
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WA Surplus Lines Broker Exam Questions And Answers Graded A+
- Exam (elaborations) • 16 pages • 2023
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WA Surplus Lines Broker Exam Questions And Answers Graded A+ 
 
When are you required to file premium tax return for the previous calendar year by? 
March 1st 
What does statutory accounting mean? 
Rules state that certain assets are non-admitted (don't count) as you can't pay claims with them. 
Bonds rated ___________ and higher are considered investment grade. 
1 & 2 
What does IBNR stand for? 
Incurred but not reported 
True or false, individuals whose Surplus Line Brokers license was activ...
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Surplus exam 2.0 WA questions and answers
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Surplus exam 2.0 WA questions and answers
And that's how you make extra money
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AD Banker Comprehensive Exam Questions & answers. Rated A. 2022/2023
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AD Banker Comprehensive Exam Questions & answers. Rated A. 2022/2023 
 
 
John is the agent for ABC Insurance and Jane is the insured. Who is the principal in this agency relationship? 
A. ABC Insurance 
B. None 
C. John 
D. Jane - A. ABC Insurance 
 
In an insurance contract the value that each party gives the other is said to be the: 
A. Subject matter 
B. Consideration 
C. Acceptance 
D. Offer - B. Consideration 
 
Which of the following is classified as an insurance broker? 
A 
A person in t...
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FAC3702 ASSIGNMENT 1 SEMESTER 1 2024
- Exam (elaborations) • 16 pages • 2023
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FAC3702 ASSIGNMENT 1 SEMESTER 1 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . 
 
FAC3702/2024/S1 
2 
KipKor Ltd is a sports shoe manufacturing company, situated in Mamelodi, Gauteng. 
The company has a 31 December year end. 
The following details relate to the assets of KipKor Ltd: 
Machine 
On 1 July 2022 Kipkor Ltd purchased a machine for an amount of R500 000. Included 
in the purchase consid...
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Washington State Property & Casualty Insurance Exam 100% correct answers
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Washington State Property & Casualty Insurance Exam 100% correct answers Authorized Insurer 
An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. 
 
 
 
Contact adhesion 
the accepter of the contract must "adhere" to the written contract 
 
 
 
inducement 
An action aimed at persuading 
 
 
 
insolvent 
Bankrupt; unable to pay debts. 
 
 
 
Transacting Insurance 
Conducting insurance business, such as solicit...
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OMES CPO TEST QUESTIONS AND ANSWERS 2023
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Differentiation the most appropriate evaluation method for small purchases and complex purchases - Answer- Price Analysis - simple purchase 
Vaule analysis - more complex 
 
Recall the main goals of Open Range - Answer- Remove obstacles 
Promote leading practice 
Encourage collaboration 
 
Who has the authority to add products/services to the procurement schedule? - Answer- The state use committee 
 
Name one way a product can be considered for procurement schedule? - Answer- Vendor request, ag...
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WA Surplus Lines Broker Exam Questions And Answers Graded A+
- Exam (elaborations) • 17 pages • 2023
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WA Surplus Lines Broker Exam Questions And Answers Graded A+
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