Inac The only people who are interested in (2024)

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InacThe only people who are interested in purchasing flood insurance are those in flood-prone areas where the likelihood of incurring a flood loss is high. This means the flood exposure is subject toA) adverse selection.B) indemnity.C) the law of large numbers.D) subrogation.

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The correct answer is B) indemnity. The question states that the only people interested in purchasing flood insurance are those in flood-prone areas where the likelihood of incurring a flood loss is high. This means that the primary purpose of flood insurance is to provide indemnity, or financial compensation, to policyholders in the event of a flood.#### Solution By Steps***Step 1: Identify the key information in the question***The question states that the only people interested in purchasing flood insurance are those in flood-prone areas where the likelihood of incurring a flood loss is high. This suggests that the primary purpose of flood insurance is to provide financial protection or indemnity to policyholders.***Step 2: Evaluate the answer choices***A) Adverse selection: This refers to the tendency of higher-risk individuals to seek out insurance coverage, which is not the primary purpose of flood insurance.B) Indemnity: This is the correct answer, as the purpose of flood insurance is to provide financial compensation to policyholders who suffer a flood-related loss.C) The law of large numbers: This refers to the statistical principle that the larger the sample size, the more accurate the predictions. While this is important for insurance, it is not the primary purpose of flood insurance.D) Subrogation: This refers to the insurance company's right to recover payments made to the policyholder from a third party. This is not the main purpose of flood insurance.#### Final AnswerThe correct answer is B) indemnity. The primary purpose of flood insurance is to provide financial compensation or indemnity to policyholders who suffer a flood-related loss.

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New York Basic Flood Insurance 2nd Edition Certification Exam 2001518 Question 22 of 50 What happens immediately after a community applies to the Federal Emergancy Management Agency (FEMA) for participating status A) Flood insurance rate maps are prepared B) Property owners may purchase ooverage through the Emorgency Program c) Property owners may purchase coverape through the Regular Program D) FEMA dovolops a flood hazard boundary map identifying flood-prone areas of the communityAnswered step-by-step 1 answer New York Basic Flood Insurance 2nd Edition Certficention Exam Test id 303090 0000430 Question 10 of 50 Queston ID 16+101 The only people who are mterestod in purchasing flood insurance are those in flood-prone areas where the likelfood of ncurning a flood loss is high This means the mont expesure is seibject to A) indemnity E) adverse selection c) the law of large numbers D) subrogationAnswered step-by-step 1 answer New York Basic Flood Insurance 2nd Edition Certification Exam 0045 36 Question 39 of 50 What happens immediately after a community applies to the Federal Emergency Management Agency (FEMA) for participating status A) Flood insurance rate maps are prepared B) Property owners may purchase coverage through the Emergency Program C) FEMA develops a flood hazard boundary map identifying flood-prone areas of the community D) Property owners may purchase coverage through the Regular ProgramAnswered step-by-step 1 answerThe only people who are interested in purchasing flood insurance are those in flood prone areas where the likelihood of incurring a flood loss is high This means the flood exposure is subject toAnswered step-by-step 1 answerOne of the main reasons why many homeowners did not have flood insurance before the advent of Hurricane Katrina in 2005 was One of the main reasons why many homeowners did not have flood insurance before the advent of Hurricane Katrina in 2005 was 1 point Insurance premiums in Louisiana went up by 70 between 1997-2005 causing many people to cancel their insurance Many homeowners were not aware that flood insurance existed in the first place Many homeowners were relying on the government instead Homeowners thought that the likelihood of a flood was too low to justify buying a flood insurance Previous SubmitAnswered step-by-step 1 answer

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Inac The only people who are interested in (2024)

FAQs

What do First Nations people prefer to be called? ›

The preference is to use 'First Nations people', 'Aboriginal and Torres Strait Islander people(s)', or 'Indigenous Australians'.

What is the politically correct term for First Nations? ›

However, those with Indigenous ancestry might use the term to refer to themselves or other Indigenous peoples. 'First Nations,''Aboriginal,' and more recently, 'Indigenous' are more current and are preferred by many in the community, though each has particular nuances.

What is the difference between the First Nations and the Inuit? ›

"Aboriginal" and "First Peoples" ARE interchangeable terms. Inuit is the contemporary term for "Eskimo". First Nation is the contemporary term for "Indian". Inuit are "Aboriginal" or "First Peoples", but are not "First Nations", because "First Nations" are Indians.

Is it Indian or First Nation? ›

“First Nation” is a term used to describe Aboriginal peoples of Canada who are ethnically neither Métis nor Inuit. This term came into common usage in the 1970s and '80s and generally replaced the term “Indian,” although unlike “Indian,” the term “First Nation” does not have a legal definition.

Is nunga a derogatory term? ›

Some people use "Nunga" in general reference to Indigenous peoples who reside in and around the area of Adelaide. Many Indigenous South Australians prefer people not to presume the right to use their word "Nunga". Local Indigenous Australian people can clarify appropriate use of this and other terms.

What do natives prefer to be called? ›

The consensus, however, is that whenever possible, Native people prefer to be called by their specific tribal name. In the United States, Native American has been widely used but is falling out of favor with some groups, and the terms American Indian or Indigenous American are preferred by many Native people.

Should I say First Nations or Indigenous? ›

"Indigenous peoples" is a collective name for the original peoples of North America and their descendants. The Canadian Constitution recognizes 3 groups of Indigenous peoples: First Nations. Inuit.

What did natives call America? ›

Turtle Island is the name for the North American continent in many Native American cultures. This name comes from mythology, or rather mythologies, as every tribe has a slightly different version of Turtle Island and how it came to be.

What is the difference between Native American and indigenous people? ›

Indigenous Peoples refers to a group of Indigenous peoples with a shared national identity, such as “Navajo” or “Sami,” and is the equivalent of saying “the American people.” Native American and American Indian are terms used to refer to peoples living within what is now the United States prior to European contact.

What race are the Inuit? ›

Inuit are Indigenous people of the Arctic. The word Inuit means "the people" in the Inuit language of Inuktut. The singular of Inuit is Inuk. According to the 2021 Census, there are 69,7051 1 Inuit in Canada.

What is the oldest Native American tribe? ›

The Paleo-Indians, also known as the Lithic peoples, are the earliest known settlers of the Americas; the period's name, the Lithic stage, derives from the appearance of lithic flaked stone tools.

Is it OK to say Aborigines? ›

'Aborigine' is generally perceived as insensitive, because it has racist connotations from Australia's colonial past, and lumps people with diverse backgrounds into a single group. You're more likely to make friends by saying 'Aboriginal person', 'Aboriginal' or 'Torres Strait Islander'.

What are red Indians called in Canada? ›

In Canada, the term Indigenous peoples (or Aboriginal peoples) refers to First Nations, Métis and Inuit peoples. These are the original inhabitants of the land that is now Canada.

Can I identify as First Nation? ›

Aboriginal Self-Identification Question process

“Do you wish to self‑identify as an Aboriginal person in Canada such as First Nation, Métis or Inuit?” Any client may self‑identify as being an Aboriginal person, regardless of legal status under the Indian Act. No proof of ancestry or belonging to a band is necessary.

How do you know if you're Indigenous? ›

In addition to validated paper records, the most innovative and modern way is by taking a genetic DNA test. The more recent the Native American ancestor the greater the chances of success.

What do you call a First Nations person? ›

"Indigenous peoples" is a collective name for the original peoples of North America and their descendants.

What is the correct terminology for First Nations people? ›

Use 'Aboriginal and Torres Strait Islander' when referring to Aboriginal and Torres Strait Islander people generally. Using 'First Peoples' and 'First Nations' is also generally acceptable. They should always be pluralised to express the diversity of Aboriginal and Torres Strait Islander cultures and identities.

What is first nation called? ›

According to Section 35(2) of the Constitution Act, 1982 “'aboriginal peoples of Canada' includes the Indian [First Nation], Inuit and Métis peoples of Canada.” “Indian” is also a historical term used to describe the hundreds of distinct nations of Indigenous Peoples throughout North, Central and South America and the ...

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