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Social Science
Business
Insurance
Medical Expense Plans and Concepts
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Gravity
Chapter 3
Terms in this set (11)
Blanket Payment
Maximum dollar limit set, with no itemizing of costs,
Scheduled Payments
covering day to day losses based on a specified or flat dollar amount.
Cash or Indemnity Payment
Pays a specified daily amount up to the stated
maximum number of days, or even lifetime.
Fee-for-Service
a system under which doctors and hospitals receive a payment for each service they provide
Prepaid
provided to a subscriber in exchange for predetermined monthly premiums paid in advance.
Usual, Customary, Reasonable (UCR)
but are based on the average fee
charged by all providers in a given geographical area.
Lifetime Limit
The maximum a policy will pay for covered losses during the lifetime of an insured.
Annual Limit
The maximum a policy will for covered losses per year.
Per-Cause
The maximum a policy will pay for covered losses per claim.
Stop-Loss Provision
kicks in Once the out-of-pocket limit has been reached
Carryover Provision
incurred in the last 3 months of that year are used towards next years deductible
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Verified questions
QUESTION
After all foreign and U.S. taxes, a U.S. corporation expects to receive 2 pounds of dividends per share from a British subsidiary this year. The exchange rate at the end of the year is expected to be $1.53 per pound, and the pound is expected to depreciate 5% against the dollar each year for an indefinite period. The dividend (in pounds) is expected to grow at 10% a year indefinitely. The parent U.S. corporation owns 10 million shares of the subsidiary. What is the present value in dollars of its equity ownership of the subsidiary? Assume a cost of equity capital of 11% for the subsidiary.
QUESTION
If you deposit money today in an account that pays 4% annual interest, how long will it take to double your money?
QUESTION
Should stockholder wealth maximization be thought of as a long-term or a short-term goal? For example, if one action increases a firm’s stock price from a current level of $20 to$25 in 6 months and then to $30 in 5 years, but another action keeps the stock at$20 for several years but then increases it to $40 in 5 years, which action would be better? Think of some specific corporate actions that have these general tendencies.
QUESTION
A salesperson closes the sale on one of the biggest accounts she has ever landed it has potential to grow bigger. The vice president of sales congratulates her and then proceeds to explain a company policy regarding house accounts: All large accounts are redassified as house accounts and are serviced by the vice president. This policy ensures continuity and provides large accounts with special attention. The sales rep would earn commission on the initial sale, but not on future sales for this account Do you think this selling policy is ethical? Why or why not?
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