Property-casualty insurance involves
A. insurance coverage related to the loss of real and personal property.
B. insurance protection against legal liability exposure.
C. insurance protection against injuries in employment related work.
D. Answers A and B only.
E. Answers A and C only.
Answer: D. Answers A and B only.
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From a provider's perspective, which of the following third-party payment methods has utilization risk?
a. Charge based b. Capitation c. Per diem d. Diagnosis (DRG) based e. Cost based
Which of the following best describes the reason for using various work classifications in the calculation of workers' compensation premiums?
a. To prevent discrimination by employers. b. To assure a proper profit margin for insurers. c. To accurately reflect the risks of each employer. d. To encourage safety in the workplace.