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An insurance company incurs ___________ as soon as an insured incident occurs.
Suggested Answer: B
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38 comments · newest first
TA
Tamekia
11 months ago
Yeah, loss liability makes the most sense here.
ES
Essie
11 months ago
Loss credit is not even a thing in this context!
LA
Lashandra
12 months ago
Wait, are you sure? I thought it was remediation.
LE
Leonard
12 months ago
I agree, that's the standard term used.
SH
Sheldon
12 months ago
It's definitely loss liability.
DO
Dottie
1 year ago
I thought we learned that the company has to account for losses right away, so "loss liability" seems like the best choice.
MA
Madelyn
1 year ago
I feel like "remediation" doesn't fit here, but I can't recall the exact definition of "loss liability."
EF
Effie
1 year ago
I remember discussing how losses are recognized immediately, so "loss credit" could be a possibility too.
EL
Elsa
1 year ago
I think it might be "loss liability," but I'm not entirely sure. We covered something similar in class.
LY
Lynelle
1 year ago
I'm feeling confident about this one. The Adjourning stage is when the team has completed its work and can move on, feeling good about what they've accomplished together.
JA
Jackie
1 year ago
This looks like a straightforward pharmacology question. I'll focus on the key details - dapsone gel, acne vulgaris, and G6PD deficiency. That should help me narrow down the potential side effects.
CH
Chauncey
1 year ago
I'm not entirely sure, but I feel like tying arrangements don't quite fit here. It seems more about collaboration against a common competitor.
AN
Annamae
1 year ago
If the answer was A) loss credit, the insurance company would be like, 'Sorry, you're out of credit. Gotta pay up or no coverage for you!'
JE
Jenelle
1 year ago
C) remediation
EM
Emeline
1 year ago
B) loss liability
LI
Lizette
1 year ago
A) loss credit
FR
France
1 year ago
If the correct answer was D) reconcile asset, the insurance company would be like, 'Oops, did we forget to balance the books? Quick, let's reconcile that asset!'
PR
Precious
1 year ago
I'm going to have to go with B) loss liability. Anything else would just be pulling an answer out of thin air.
LE
Leonora
1 year ago
Definitely, it's all about managing risk and ensuring the company can cover any losses.
SA
Sabra
1 year ago
Yeah, I think it's important to consider the financial impact of an insured incident.
LA
Lavonda
1 year ago
I agree, B) loss liability makes the most sense in this scenario.
VO
Von
1 year ago
A) loss credit? What is this, a credit card company? Definitely B) loss liability is the way to go.
JU
Judy
1 year ago
Hmm, C) remediation could work if it's related to the insurance company's actions after the incident, but I think B) loss liability is the best fit here.
EL
Elizabeth
1 year ago
I'm leaning towards B) loss liability as well, it seems to align with the concept of incurring costs after an insured incident.
MO
Moon
1 year ago
I think C) remediation could also be a possibility depending on the specific situation.
JA
Jamal
1 year ago
I agree, B) loss liability makes the most sense in this context.
DO
Dorothy
2 years ago
D) reconcile asset? Really? I don't think that makes any sense in the context of insurance claims. Gotta go with B on this one.
TI
Tijuana
1 year ago
C) remediation
FL
Fletcher
1 year ago
B) loss liability
EL
Elin
1 year ago
A) loss credit
BL
Blondell
1 year ago
B) loss liability? Yeah, that sounds more relevant to insurance claims.
CA
Casie
1 year ago
C) remediation
AN
Antonette
1 year ago
B) loss liability
SH
Sherell
1 year ago
A) loss credit
JA
Janna
2 years ago
I'm pretty sure the correct answer is B) loss liability. Insurance companies have to set aside funds to cover claims as soon as an incident occurs.
KA
Karima
2 years ago
I think it could also be A) loss credit, as the company may have to adjust their financial statements.
GL
Glory
2 years ago
I agree with Franklyn, because the insurance company has to pay out for the insured incident.
FR
Franklyn
2 years ago
The answer is B) loss liability.