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Property And Casualty Test Coming Up! Help!!?

Question by *eLLe is4<3* | Posted in Insurance & Registration

Ok i jus startd a job at an insurance co. N i need to get licensed. Does anyone hav any tips on wat i shuld know or wat questions to be prepared for. I am so nervous. I am currently stusyin from the book but any x tra help wuld b great

Answer: Study, study, study!
They have a huge pool of questions from which the computer selects randomly for your exam.
Your only plan is to study hard and relax when you get there.
 
 

Looking For Employment AS A AUTO INSURANCE ADJUSTER AND NEED HELP GETTING STARTED ANY SUGGESTIONS???

Question by Margaret M | Posted in Insurance

I HAVE A LICENSE IN PROPERTY AND CASUALTY AS AN ADJUSTER. I HAVE EXPERIENCE IN COMMERCIAL AND RESIDENTIAL. I HAVE 2 YRS IN AUTO RESTORATION AND WOULD LIKE TO WORK AS AN AUTO INSURANCE ADJUSTER. WHEN I HAVE INTERVIEWS WITH INSURANCE CO. THEY WOULD SPEND THE MAJORITY OF THE INTERVIEW TRYING TO HIRE ME AS A SALESPERSON ON COMMISSION AND I WOULD RATHER BE AN INDEPENDENT OR ADJUST CARS. SEE WHAT YOU THINK. THANKS

Answer: Progressive is always hiring
Go to Progressive.com and fill out an online application. I have been with them for almost 2 years and they need experienced reps all over the place.
**
I interviewed and started within approx. 2-3 weeks

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Help Me Journalize These Transactions Please, Completely Clueless?

Question by ballababyd23 | Posted in Other - Business & Finance

I was asked by a friend to help him with accounting homework and I waited around forever to help him and now that im sitting with him, I can't remember a thing. Basically I just need a line by line of what to debit and what to credit to get refreshed then I will be able to explain the why. I will be willing to make this two parts so answerers get more out of this.

1. paid three months rent on a lease rental contract 4,800
2. paid the premiums on property and casualty insurance policies 1,800
3. received cash from clients as an advance payment for services to be provided and recorded it as unearned fees 5,000
4. purchased additional office equipment on account

Answer: 1. Debit rent 4800, credit Checking account (or cash) 4800
2. Debit Insurance expense 1800, credit checking acct 1800
3. Debit checking 5000, credit an asset account called Prepaid Income 5000.
4. Debit asset acct Furniture & Fixtures 2000, credit Liability acct N/P Office Station Co, 2000.
5. Debit checking 1800, credit accounts receivable 1800
6. Debit advertising expense 120, credit checking 120
7. Debit N/P office station liability 1200, credit checking 1200.
8. Debit accounts receivable 4200, credit Services Income
9. ... going to part 2....

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I Am Trying To Figure How These Transactions Are Entered. Can Someone Please Help Because I Cannot Figure Out?

Question by alex b | Posted in Other - Business & Finance

1.The following assest were received from Dawn Lytle: cash,$12,950; accounts recievable,$2,800;supplies,$1,500; and office equipment, $18,750. There were no liablities received.
2.Paid three months rent on a lease rental contract, $3,600
3.Paid the premiums on property and casualty insurance policies $2,400.
4.Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees $4,150.
5.Purchased additional office equipment on account from Office station C.o $2,500
6.Received cash from clients on account $1,900
7.Paid cash for a newspaper advertisement $325
8.Paid office station co for part of the debt

Answer: 1.dr. all the assets
cr. commonstock
2.dr. prepaid rent
cr. cash
3.dr. prepaid insur.
cr. cash
4.dr. cash
cr. unearned fees
5.dr. assets
cr. a/p
6.dr. cash
cr. a/r
7.dr. ad exp
cr. cash
8.dr. a/p
cr. cash
9.need more info. its either the srvcs provided for unearned fees that are now earned or something else
10.dr. salary exp
cr. cash
11.dr. cash
cr. fee revenue

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Is 'Tort Reform' Really All The GOP Has? I Haven't Seen Anything Else From Them, Have You?

Question by Tokolosh | Posted in Politics

Americans for Insurance Reform, a project of Center for Justice & Democracy, has released a new study called True Risk: Medical Liability, Malpractice Insurance and Health Care.
It is co-written by actuary Robert Hunter, Director of Insurance for Consumer Federation of America, and former Federal Insurance Administrator and Texas Insurance Commissioner.

Its major findings are:

1. Medical malpractice premiums, inflation-adjusted, are nearly the lowest they have been in over 30 years.

2. Medical malpractice claims, inflation-adjusted, are dropping significantly, down 45 percent since 2000.

3. Medical malpractice premiums

Answer: Yes, it is, and it is ridiculous.

They know lawsuits are less than 1% of healthcare costs, it's been studied repeatedly.

They know that states that tried tort reform saw no difference, zero, in healthcare costs.

So they know it is useless, but they keep trying to push it to distract from any real reform that would actually make a difference.

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Group 3 - Property & Casualty Insurance Company - Progressive Insurance - Part 1

Basic business proposition under which it operates (How it makes money) & a breif historical discussion - Clifford Appolon

PCI Releases First Half 2010 Property/Casualty Industry Results ...

by Ravi Nagarajan

5 billion in the first half of 2010 compared to $6 billion in the first half of 2009. The Property Casualty Insurers Association of America has released a study of first half 2010 industry results. According to the press release, the data in the report includes at least 96 percent of all business written by private U. S. property/casualty insurers.   Private U. S. property/casualty insurers’ net income after taxes increased to $16. 7 for the first half of 2010, a deterioration from the combined ratio of 100....

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