...characteristics and functions of different types of insurances, the importance of wills, and explain what taxable income is, and the steps an individual needs to take to file his or her federal tax return. Insurance The function of possessing insurance is to help cover a part of what a person has lost. It consists having a pool of large amounts of people that pays a certain amount each year. The amount that an individual pays is decided using many factors from age to location of the individual. There are many forms of insurance such as auto, life, and health insurance. These insurance covers practically each person determined each person’s life insurance. Auto Insurance Auto insurance can cover a person from physical injury caused by car accidents, damages done to the car itself or injuries that could occur to another person. The amount of the insurance premium is determined by the age of the vehicle, type of vehicle, vehicles primary use, and the projected amount of miles the vehicle will drive in a given year. Auto insurance could cover from partial to a full coverage for each accident that have occurred. Home Insurance Home insurance shares many of the same type of characteristics as auto insurance. Unlike, auto insurance, home insurance is also based on the location of where an individual lives in the United States as well as if the house is owned or being rented. Disability and Health Insurance Disability insurance is based on long term up to the age of 65 or...
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...Introduction | 1-8 | 2 | Scope of Training | 9- 11 | 3 | Knowledge & Skill Applied & Gained | 12- 16 | 4 | Personal Shortcomings, Strengths and Improvements | 17- 20 | 5 | Conclusion | 21 | 6 | Appendix- Photos- Weekly Reports- Monthly Reports | | CHAPTER 1: INTRODUCTION I. Introduction to Industrial Training UBFF3376 Industrial Training is a subject compulsory for all final year students. The objective of this subject is to expose students to the real working environment, preparing them for their future career, and to put the theory into the test/ practical use. Students will gain a better understanding towards the real working life so that they would know the dos and don’ts to avoid any culture shock. It also helps us to improve our communication skills, getting out of our comfort zone, from a University environment to the real working world as we need to socialize and work with people from different backgrounds, be it our colleagues, bosses even clients. Most importantly, it helps to instill the attitude needed, as company these days emphasize more on the right attitude instead of academic results. I started my internship at SWM Wealth Management Advisers Sdn. Bhd, an insurance company. I came to this company all by myself, not knowing what I would be facing, what was being installed ahead of me. I am pursuing Entrepreneurship, and insurance is something which I am not familiar with. There were 16 interns in...
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...Running head: CRITICAL THINKING APPLICATION PAPER Critical Thinking Application Paper Beatriz Whitman University of Phoenix Critical thinking: Strategies in decision-making 350 Robert Wenger July 26, 2010 Critical Thinking Application Paper Making decisions is a skill that people use daily in their personal and professional lives. Although people make decisions often, knowing how to think critically is a learned skill that not everyone does effectively. Thinking critically allows a decision-maker to analyze a problem or situation in a structured fashion to come to a sound conclusion. In this paper I will explain critical thinking and provide an example from my own personal experience applying critical thinking in the workplace. I will also look at the importance and benefits of critical thinking in the decision-making process. “Critical thinking is self-guided, self-disciplined thinking which attempts to reason at the highest level of quality in a fair-minded way. People who think critically consistently attempt to live rationally, reasonably, empathically” (The Critical Thinking Community [CTC], 2009, para 8). Effective critical thinkers are non-discriminatory, which enables them to consider all relevant viewpoints equally without letting assumptions or bias interfere. These strong-sense critical thinkers place value in the fair and just and make ethical decisions (Paul & Elder, 2006). To think critically, a person must have the ability to view...
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...disease genetic abnormalities and even spinal injuries may use genetic technology to create personal medicine that may be able to improve and prolong life. An individual risk for common disease would be determined by a genetic profile created from this technology. To create a medical profile tailored to specific DNA characteristics of each patient doctors may use modern genetic technology. The genetic profile would determine treatment and/or preventative care according the effects of a particular disease or patient’s reaction to a certain medical treatments. Discuss the benefits of personalized medicine. Prevention, diagnosis, and treatment in some cancers can be provided by personalized medicine. The use of personalized medicine will allow doctors to develop a more precise treatment based on each patients modern genetic technology because cancer is such a complex disease and effects each individual differently. Genetic diseases affect an estimated 12 million Americans, yet according to a survey of 1,000 people conducted by the Genetic Disease Foundation (GDF), while two-thirds of those surveyed were willing to and saw the benefits of undergoing genetic testing, close to 80 percent had never talked to their physician about genetic screening – an inconsistency that can have serious implications on a person’s overall health and the health of their immediate family members [ (The Importance of Genetic Testing.) ]. Genetic disorders like spinal bifida, Parkinson’s disease can...
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...Personal Injury Attorneys possess the appropriate knowledge and expertise to negotiate with insurance companies. When you sustain an injury, whether it be from malpractice or an automobile accident, it is crucial to receive advice from someone who is passionate to make sure that you receive the most impartial settlement possible. In the case of an automobile accident, the other party may try to get you to sign away your right to a lawsuit knowing that you are not necessarily familiar with all your rights and the severity of your injuries. Hiring a personal injury attorney will make all the difference in helping you deal with your claim. Unless you work for a car insurance company, you are most likely not dealing with them on a daily basis—but these lawyers do. Because of their recurrent encounters with these insurance companies, they are very familiar with the process of negotiating a settlement. Because these attorneys are experienced with many difference cases, there is a high probability that they have formerly reviewed a case similar to your own. Therefore, they may already have a good idea as to what kind of a settlement you can expect at the establishment of inquiry. In addition to having...
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...fulfilment of the B.Com Honours Degree in Insurance & Risk Management TiB INSURANCE BROKERS A Member of Trust Holdings Limited ATTACHMENT REPORT TiB INSURANCE BROKERS A Member of Trust Holdings Limited PREPARED BY: Seth Chimeri PROGRAME: B. Com Honours Degree in Insurance and Risk Management REGISTRATION NUMBER: N00801170C 1 SETH CHIMERI N00801170C 3RD YEAR WORK RELATED REPORT NATIONAL UNIVERSITY OF SCIENCE AND TECHNOLOGY (NUST) 2010/2011 Prepared in partial fulfilment of the B.Com Honours Degree in Insurance & Risk Management TiB INSURANCE BROKERS A Member of Trust Holdings Limited Executive Summary The National University of Science and Technology (NUST) was established by an Act of Parliament in 1992 and through the years it has become a beacon in churning top class graduates into the commercial and science industries in Zimbabwe. In a bid to preserve its well deserved reputation NUST ensures that all its students undergo one year work related learning in their respective career lines. This serves the imperative opportunity to bridge the gap between theory and the actual practice in the industry, thus enabling graduates from National University of Science and Technology to be the favourites countrywide, regionally and internationally. This report details my enriching experience during my work related learning at TiB Insurance Brokers as a fulfillment of the requirements of the Bachelor of Commerce Honours Degree in Insurance and Risk Management with the National...
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...BAM 411 Human Resource Management Unit 3 Examination Follow Below Link to Download Tutorial https://homeworklance.com/downloads/bam-411-human-resource-management-unit-3-examination/ For More Information Visit Our Website ( https://homeworklance.com/ ) Email us At: Support@homeworklance.com or lancehomework@gmail.com 1. The process of evaluating an employee’s current and/or past performance relative to his or her performance standards is called ________. • employee selection • recruitment • performance appraisal • organizational development 2. The “S” in the acronym for SMART goals stands for ________. • straightforward • specific • strategic • support 3. Who is the primary person responsible for doing the actual appraising of an employee’sperformance? • the EEO contact person • the company appraiser • the employee’s direct supervisor • None of the above. 4. Because in most organizations there is a hierarchy of goals, employee performance standardsshould ________. • make sense in terms of the broader organizational goals • be standard • be decided by the top executive • All of the above. 5. Besides the supervisor, which of the following is available to managers as an alternative sourceof performance appraisal information? • the employee • rating committees • peers • All of the above. 6. Suppose you have five employees to rate. You make a chart of all possible pairs of employees for each trait being evaluate Then, you indicate...
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...towards health insurance portability.” INTRODUCTION Healthcare Insurance Market in India is unique and has a strong growth potential than the other insurance markets. Life insurance includes all risks related to the lives of human beings. IRDA (Insurance Regulatory and Development Authority) allowed to the customer to change their insurance company in case of dissatisfaction with company. Health insurance portability gives the flexibility to the customer and increase the fair competition among companies. The concept of Portability is new in India so the awareness and perception towards portability of customers depends on several factors. The study covers all the fundamental aspects of awareness and customer preference towards healthcare insurance portability in India. The objective of this study is therefore to examine some of the influences such as consumer awareness and enthusiasm, the role of social influences like advertising, services provided by company, groups and family in affecting consumer’s perception and evaluations of health insurance. RATIONALE OF STUDY • The main logic behind doing this study is that the concept of Health insurance portability is new in India so the awareness of that is not measure till now. • The second rationale of the study is that there are certain reason to influence the customer to change their service provider. • Another rationale of study is to understand the consumer preference towards the health insurance because the...
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...Health Care Information System Terms Health Insurance Portability is known as HIPPA are rules that is made to improve effectiveness and the value of Healthcare system in America. HIPPA help with privacy of Patients Electronic Medical Records and Electronic Health Records this give patients confidences that their labs, Medication, and any conversation the patient have with the doctor with not be public knowledge past, present, or future information, even if its psychological or physical health or about the payment which I given to the medical doctor . All new staff must be trained the importance of patient privacy, implementation of proper security, risk assessment, data encryption, audit trails, and the use of firewall protection, and virus checking. Through the use of HIPPA guidelines the health care organization gave their patient greater protection. Facilities that obtain a NPI which replaced all passed patient Identification numbers, through clearinghouses, medical doctor. HIPPA rules of privacy require that medical facilities have written Notice of Privacy Practices this is a descripition of the document and its disclosure All doctors, nurses, physical therapist, pharmacists, home health agencies laboratories, nursing, chiropactors, dentist must apply HIPPA. Electronic Medical Records are digital version of paper Charts that utilized to keep patients information on the Computers, which allow a physician to access a patient ...
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...FP/101 FOUNDATIONS OF PERSONAL FINANCE Start Date: 04/23/2012 Print COURSE DESCRIPTION This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property. WEEK 1 - TOPIC 1: PERSONAL FINANCIAL PLANNING Objectives List the five steps in the personal financial planning process. Summarize what influences personal financial planning. Identify parts of a financial plan. Materials READING: Read Ch. 1 of Personal finance - Personal Financial Planning in Action: Developing a Personal Financial Plan. SUPPLEMENT: Appendix A: How to Install Quick Time Movie Player SUPPLEMENT: Appendix B: Personal Financial Planning Worksheet WEB LINK: Decision to Own a Home vs. Rent Video SUPPLEMENT: Video Transcript - Decision to Own a Home vs. Rent Assessment Please see instructor's syllabus for details on assignments. Participation/Discussion Questions WEEK 2 - TOPIC 1: MONEY MANAGEMENT Objectives Describe how to organize and prepare personal financial statements. Identify cash management products and services. Complete a personal cash flow statement. Materials ...
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...Acknowledgement * History of EFU Insurance * Vision * Mission * Policies Offered By EFU Insurance * Detail About Policies * Coverage Under Policies * Risk Management * Claims * Payment of claims and Process * Duration of Policies * Marketing Plan ACKNOWLEDGEMENT All the Acclimations and Appreciation are for Almighty ALLAH, the Compassionate; the Benevolent. That knows the mysteries & secrets of universe. We would like to show the special gratitude to MISS Khudaija who provided with us knowledge Vision about the management. At the end, we would like to thank all who directly or indirectly help us in making the project. Introduction:- In 1932, Mr. Ghulam Mohammad, a far sighted man, established Eastern Federal Union Insurance Company (EFU) with financial assistance from the Aga Khan III and the Nawab of Bhopal. Mr. Abdur Rehman Siddiqui became the founder chairman. The company was originally registered at Kolkata and operated in India (undivided) and Burma. In 1947, on the birth of Pakistan, EFU found a new home in a new country. In Pakistan, EFU rapidly established itself as a progressive and innovative insurer. It gave the emerging insurance industry the leadership, the manpower and the drive needed to grow in a situation where at one time, three-fourths of insurance was held by foreign companies. By 1961, EFU had become the flag bearer of Pakistan's insurance industry on the world stage...
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...information, legal health records and health insurance portability and accountability act. Clinical documentation and health records are of vital importance to the success rate of any clinical faciality. Health records of patients provide medical professionals with past medical issues, diagnoses, allergic reactions and past family history. Providing all clinical staff with huge packets of information that with proper observation can lead to more precise treatment. This is beneficial for Emergency Room visits providing information for the doctor that the patient may not be able to communicate with any of the staff. It also provides a full range of every aspect of a patient stay in the hospital. This way if something was done incorrectly, or the patient has concerns, everything is fully documented. This protects not only the patient but the hospital and staff as well. Derived data is the summarization of a patients stay, giving insight into what was done to them without providing specific...
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...Malpractice Insurance for Physician Assistants Clinicians are demanded a complex level of responsibility. The nature of a collaborative practice unites midlevel providers and physicians not only in patient care, but also in any legal process that may develop as an outcome. Currently, “Litigation against physicians and non-physician clinicians (NPCs) is increasing. Claim settlements are in the millions of dollars in the aggregate for [physician assistants] PAs and [nurse practitioners] NPs” (Paterick, 2014, p. 310). PAs are at constant risk of liability; therefore, it is crucial to understand the importance of having a personal malpractice insurance and the different types of policies available. NPC’s work in collaboration with supervising physicians to evaluate and treat patients. Unfortunately, when mistakes occur and a patient is harmed, both the physician and the PA may be liable for actions or errors of others. Controversy exists “regarding how PAs' malpractice litigation risk compares with that of physicians and to what extent doctors' risk of malpractice litigation is affected by supervising PAs” (Ledges, Victoroff & Ginde, 2011, p. 35). The liability that a party holds for the actions or conduct of an associate based on the relationship of two parties is known as vicarious liability (Moses & Jones, 2011). Due to...
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...Fully discuss the elements required for any organization to have and maintain an effective safety program. What "grade" would you give your current (or most recent past) employer for their efforts in promoting safety? Explain Elements required for any organization to have and maintain an effective safety program are: * Support from top management is essential for a safety program to be effective. Employee relations may falter when workers believe that management does not care enough about their safety in the workplace. * Safety training must be a continuous process to ensure a safe workplace. * Job hazard analysis (JHA) is a multistep process designed to study and analyze a task and then break down that task into steps that provide a means of eliminating associated hazards. JHA result in a written procedure as to how to safely complete multiple tasks within a plant. They include management support, supervisor and employee training, written program, and management oversight. It will address and bring to attention points of safety issues and risks. * Superfund amendments reauthorization act, title III (SARA) requires businesses to communicate openly about the hazards associated with materials they use and produce and any wastes generated from use. * Employee involvement is a key way to solidify a safety program. Any input from employees themselves give them a sense of involvement. Having employees watch out for each other strengthens a team and helps form...
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...Introduction – Rushell Baderman Island Resort ensures all guests enjoy a relaxed and care free stay. In doing so the interior of company must be structured to function at its highest level of performance. This essay will outline the general functions of the Food and Bar Management and Front Office Supervisor. It will focus on the performance management systems, discuss the advantage and disadvantage of two different job evaluations, compare and contrast compensation plans, and explain the importance of providing employee benefits plans. Each area is unique to this company and its success. Describe the general function of performance management systems. If your assigned company does not use a performance management system, would you recommend it use one? LISA Overall the success of our company in general is due to our commitment and dedication given to our employees. The company strives to ensure that every employee is given an equal opportunity, and it is our duty to embrace each employee to the fullness of their potential. The company accomplishes this task by the use of performance management systems. Performance management systems are used to sustaining and measuring an employee’s performance. These methods are the key to an organization success because an organization can assess individuals' performance and reward them appropriately. To do this successfully an organization needs to have a system that manages performance: not just for reward purposes but also to help...
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