CheckPoint: Loss Settlement Payments
Susan Whitebird
FIS 250
November 8, 2012
Jeremy Pierce
1. Heather owns a home with a replacement cost of $400,000 that is insured under a Homeowners 3
policy for $280,000. The roof was badly damaged in a severe windsto
Risk Management Process
Susan Whitebird
Fis/250
October 7, 2012
Jeremy Pierce
Case Application Activity P. 56
A. Briefly describe the steps in the risk management process that should be followed by the
risk manager of City Bus.
It is said that the first s
Assignment: Risk Management Process
City Bus Corporation is currently in competition with two other large bus companies that operate
in the local area. City Bus provides transportation for students at public and private schools
throughout Lancaster County
WEEK 1 DQ 2
(ON NEXT PAGE)
The major benefits of insurance to society are indemnification for loss,
reduction of worry and fear, source of investment funds, Loss prevention,
and enhancement of credit (Rejda, 2008). Americans spend $80 billion a year in
in
Assignment: Interpreting Insurance Contracts
Appendix C
Interpreting Insurance Contracts
Interpret four types of insurance contracts. Evaluate each contract in Appendixes A-D (pp. 633-707) of
Principles of Risk Management and Insurance and, in the tables,
Week 3 DQ#2 Due by Day 4 Thursday
Please respond to the DQ by using Reply:
The three main types of marketing systems are Life Insurance, Property and Casualty Insurance,
and Group Insurance. Choose two main systems and describe one or more characteristics
CheckPoint: Underwriting, Claims, and Reinsurance
1
Punk Star Cafe
Tara calls you to ask
What other information do you need about the building or business, and how will you gather
that information? I want to get as many details from you so I know what to
FIS 250 wk 3 DQ1
A corporation owned by stockholders is referred to as a stock insurer. The job
description involves earning profits for the stockholders. Stockholders elect a
board of directors and then appoint an executive manager to manage the
company.
FIS 250 wk 1 DQ1 Due by Day 2 Tuesday
Response #1
Private insurers usually refuse speculative risks because there is a possibility of profit loss. An
example is a business owner which often gambles on horse races or investing in real estate. The
law of la
Case Application Activity
FIS 250 wk 1 CheckPoint: Risk Management Methods
For each of the following risks or loss exposures, identify an appropriate risk management
technique that could have been used to deal with the exposure. Explain your answer.
a. Ph
Losses Covered Under PAPs
Susan Whitebird
Fis/250
November 16, 2012
Jeremy Pierce
Liability coverages: $100,000/$300,000/$50,000
Medical payments coverage: $5000 each person
Uninsured motorists coverage: $25,000 each person
Collision loss: $250 deductible
Playing the Professional
Susan Whitebird
Fis/250
November 24, 2012
Jeremy Pierce
Risk Manager:
A. Risks involved:
1. A fundamental risk that BCD may encounter is a natural disaster. A tornado,
hurricane, or other type of storm could result in damages to B
Associate Level Material
Appendix D
Life Insurance Needs Analysis Worksheet
A life insurance needs analysis is a necessary component of a personal risk management
strategy. Use the following worksheet to predict the amount of life insurance that you requi
CheckPoint: Determining Loss Outcomes
Answer Application Questions 1, 2, 4, 5, & 6 on p. 190 of the text.
1. Jake borrowed $800,000 from the Gateway Bank to purchase a fishing boat. He keeps the
boat at a dock owned by the Harbor Company. He uses the boat
Appendix D
Life Insurance Needs Analysis Worksheet
A life insurance needs analysis is a necessary component of a personal risk management
strategy. Use the following worksheet to predict the amount of life insurance that you require.
You may decide to use
Playing the Professional
1
Playing the Professional
Risk Manager:
Playing the Professional
2
a. Risks involved:
1. BCD encounters natural disasters as a fundamental risk. Natural disasters include
hurricanes, tornadoes, or any type of storm that can cause
FIS 250 wk 5 DQ2
In this discussion you will role-play the parts of a prospective insured and of an independent
insurance broker in a question and answer session. In response to this post, act as a prospective
insured who is calling an insurance broker to
1. Capstone Discussion Question Due by Day 2 Tuesday in the Main Forum
Resource: U.S. Bureau of Labor Statistics (BLS) Web site
Post your response to the following: Review the BLS Web site at http:/stats.bls.gov/ to
explore career possibilities that inter
FIS 250 wk 8 CheckPoint-PAP
I'm not clear about my liability coverage on the Ford and Toyota. I don't understand why
they're different amounts ($100,000 each person, $300,000 each accident, and $50,000
each accident). What does those amounts mean? If I ge
FIS 250 wk 5 DQ1
Why would a person buy term life insurance?
A person would consider purchasing life insurance ender the following conditions. In the
first scenario, life insurance cost would be a small part of your total income. Thus, term
insurance can
Losses Covered Under PAPs
FIS 250 wk 8 Assignment- Losses Covered Under PAPs
Complete Application Question 1 on pp. 516517 and Application Question 6 on p. 517 of
the text. Be sure to address items (A) through (M) of Application Question 1. You are not
re
FIS250 wk 7 DQ2
What must an insurer and insured do following a loss to a home covered by a homeowners
policy?
Discuss one requirement of each party and describe why you think each requirement is in
place.
How would each requirement benefit each party?
Th
Appendix E
Group Medical Expense Plans
FIS 250
Compare and Contrast
HMO
PPO
How are they alike?
1. Both are types of health insurance
2. Both are classified as contribution health plans, otherwise known as the arrangements that give employees the choice
o
FIS250 wk 7 DQ1
Review the coverage provided by Section 1 of the Homeowners 3 policy on pp. 445
451 and Appendix A of the text.
Recall that Section 1 coverage include
Coverage A: Dwelling,
Coverage B: Other structures,
Coverage C: Personal property,
Cover
CheckPoint: Loss Settlement Payments
Resource: Ch. 20 (pp. 457458) of Principles of Risk Management and Insurance
Complete Application Questions 1 and 2 on p. 464 of the text. For each question, explain how
you reached your answers.
Due by Day 6 Saturday
CheckPoint: Risk Management Objectives
Three Pre-Loss Objectives
1. Potential Losses The Company should anticipate probable losses in the most economical
way. Safety programs, insurance premiums paid, and costs on other procedures should be
carefully anal
Fis 250 wk 6 CheckPoint: Group and Group Life Insurance
Complete the Group and Group Life Insurance Multimedia located on the student Web site.
Copy and paste your passing score from the completion screen into a new post.
Note: Students must receive a pas
Associate Level Material
Appendix E
Group Medical Expense Plans
Compare and Contrast
HMO
PPO
How are they similar?
1. They are both types of health insurance
2. They are both a managed healthcare system
3. Both focus on reducing healthcare costs by using
Associate Level Material
Appendix C
Interpreting Insurance Contracts
Interpret four types of insurance contracts. Evaluate each contract in Appendixes A-D (pp. 633707) of Principles of Risk Management and Insurance and, in the tables, complete the task fo
Associate Level Material
Appendix A
Final Project Overview and Timeline
Final Project Overview
This course prepares you to work as an entry-level risk management and insurance professional.
The final project puts your skills to the test, as you are requir
![FIS_250_Appendix_A[1]](/thumb/8a/5a/8a5ab68f2342b1955f6f764da0fc0786f8b8eab4_180.jpg)
