Fraudulent transactions Study guides, Class notes & Summaries

insurance correct answer: transfers risk of loss from an individual or business to entity to an insurance company, spreads cause of unexpected losses to many individuals Insurance transactions correct answer: -solicitation -negotiations -sale (effectuation of a contract of insurance) -Advising an individual concerning coverage or claims Risk correct answer: Uncertainty or chance of loss occuring Pure Risk correct answer: Refers to situations that can only result in a loss or no ...

The redemption value of an open-ended investment company's shares is based on the: - ANSWER-Net assest value computed afdter the order is recieved An associated person who is not a registered representative is permitted to engage in which of the following activities? - ANSWER-Provide account opening forms to a new customer A decline in the gross domestic product (GDP) must last for at least how many quarters to be considered a recession? - ANSWER-2 quarters When is interest on Treasury...

ETA CPP EXAM TEST BANK 2023/2024 NEW QUESTIONS AND ANSWERS A+. NABU, APF and FANF - ANSWER MasterCard implemented a new fee, the Network Access and Brand Usage fee (NABU). And following right on the heels of the MasterCard announcement, on July 1, 2009 Visa implemented their U.S. Acquirer Processing Fee (APF). Card brand dues and assessments - ANSWER In addition to Interchange, each card brand includes additional fees based on the transaction amount and per transaction. These fees are call...

CFCI Study Guide Latest Update Already Passed Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad- vantage." Main types of fraud Internal Fraud and External Fraud Internal Fraud which involves the employees of the company against which the fraud is ...

HCCA - CHPC Study Guide - 296 Questions And Answers 2023/2024 Graded A+. What is the purpose of HIPAA? - CORRECT ANSWER - • Protect PHI from unauthorized disclosure/use; • Prevent fraud, waste and abuse (via Administrative Simplification); • Make health insurance portable under ERISA; • Move health care onto a nationally standardized electronic billing platform Ref. More on HIPAA: HIPAA resides in which CFR section? - CORRECT ANSWER - 45 CFR sections 164.102 through 164.534 Wh...

AIC 300 - Claims in an Evolving World - Complete Solutions with Verified Answers The first step in the data mining process is to A. Collect the data that will be used. B. Select a data mining technique. C. Understand what a business wants to achieve. D. Prepare the data that will be used. Generally speaking, the most common application of predictive modeling in insurance occurs in A. Risk selection. B. Marketing. C. Reinsurance. D. Claims handling. Hanna is in IT and works on data analytics pr...

MIE 201 Test 5 accounting - correct answer the recording, measurement, and interpretation of financial information certified public accountant (CPA) - correct answer an individual who has been state certified to provide accounting services ranging from the preparation of financial records and the filing of tax returns to complex audits of corporate financial records forensic accounting - correct answer accounting that is fit for legal review, involves analyzing financial documents in searc...

CITP Exam Questions with Answers Latest Updated 2024/2025 Rated A+ | Graded. Application Controls - Answer Internal controls around applications that operate at a transaction level and ensure authorization, protect against unauthorized access, errors, unauthorized reporting, and extra care around high-rise transactions Artificial Intelligence (AI) - Answer Computer science that involves automated reasoning and problem solving, emulating human intelligence Assertion Level Risks - Answer Risk...

How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 - 2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and have premiums refunded C. an increasing amount of term insurance that equals t...

CIPT Study Set Questions with Correct Answers (1) AICPA definition of privacy - Answer-The rights and obligations of individuals and organizations with respect to the collection, use, retention, disclosure, and disposal of personal information IAPP definition of Privacy - Answer-The appropriate use of personal information under the circumstances. What is appropriate will depend on context, law, and the individuals expectations; also, the right of an individual to control the collection, us...