5 multiple choice 1 point when a healthcare facility no longer purchases a policy of malpractice insurance…

5 multiple choice 1 point when a healthcare facility no longer purchases a policy of malpractice insurance but instead periodically sets aside a certain amount of its own funds as a reserve against malpractice losses and expenses, it: self - insures. seeks a unique way to provide coverage. purchases off - market insurance. selects a new insurer. 6 multiple choice 1 point an insurance policy contains the elements of: the specified occurrence. the specific amount payable. all of these are correct. identification of the risks covered. 7 multiple choice 1 point a healthcare organization can: cannot require its medical staff to show evidence of professional malpractice insurance. require its medical staff to show evidence of professional malpractice insurance. require its medical staff to show evidence of home insurance. require its medical staff to show evidence expired malpractice insurance.

5 multiple choice 1 point when a healthcare facility no longer purchases a policy of malpractice insurance but instead periodically sets aside a certain amount of its own funds as a reserve against malpractice losses and expenses, it: self - insures. seeks a unique way to provide coverage. purchases off - market insurance. selects a new insurer. 6 multiple choice 1 point an insurance policy contains the elements of: the specified occurrence. the specific amount payable. all of these are correct. identification of the risks covered. 7 multiple choice 1 point a healthcare organization can: cannot require its medical staff to show evidence of professional malpractice insurance. require its medical staff to show evidence of professional malpractice insurance. require its medical staff to show evidence of home insurance. require its medical staff to show evidence expired malpractice insurance.

Answer

Brief Explanations:

  • For question 5: Self - insurance is when an entity sets aside its own funds to cover potential losses instead of buying an insurance policy from an external insurer. This is what the healthcare facility is doing.
  • For question 6: An insurance policy typically has elements like the specified occurrence that triggers a payout, the specific amount payable, and identification of the risks covered.
  • For question 7: A healthcare organization can require its medical staff to show evidence of professional malpractice insurance to protect against potential liability claims.

Answer:

  1. A. self - insures
  2. C. All of these are correct
  3. B. require its medical staff to show evidence of professional malpractice insurance