LOMA 291 Module 1 EXAM QUESTIONS & ANSWERS 100% VERIFIED!
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Course
LOMA 291
Institution
LOMA 291
Stakeholders (consituents) - ANSWERA party that has an interest in how a company conducts its business. Also known as a constituent.
Dividend - ANSWERCompensation that a company may pay to owners upon a vote by the company's board of directors.
Stockholder - ANSWERWe stockholders expect the c...
LOMA 291 Module 1 EXAM QUESTIONS &
ANSWERS 100% VERIFIED!
Stakeholders (consituents) - ANSWERA party that has an interest in how a company conducts its
business. Also known as a constituent.
Dividend - ANSWERCompensation that a company may pay to owners upon a vote by the company's
board of directors.
Stockholder - ANSWERWe stockholders expect the company to grow steadily. We expect to earn a
reasonable return, sometimes in the form of dividends. Do you know what a dividend is? Sometimes
the board of directors votes to make a payment to the stockholders. The payment is called a
dividend.
Policy owner - ANSWERHere are some factors I considered when I chose to buy a policy from
Forthright:
Good company reputation
Policy features
Reasonable charges
Financial strength
Customer service
Forthright provides my personal safety net because of their good reputation and policy features.
They charge me for reasonable expenses and they have the financial strength to be around for the
long haul to pay the policy benefits they promise me and my family. So far, I'm pleased with my
policy and the company's customer service.
financial professional - ANSWERIn insurance sales, any individual—including agents, bank-affiliated
sales personnel, and brokers—who is licensed to sell insurance products, solicit sales, or negotiate
insurance contracts.
Why do I place business with Forthright? Here are some reasons:
,Forthright's products meet my clients' needs.
Forthright offers competitive compensation on the business I sell.
Its staff is top notch and provides fast and accurate support.
The company has good ratings, so I trust its ability to meet policy obligations in the future.
key stakeholders - ANSWER- stockholder
- policyowner
- financial professional
- employee
- reinsurer
- consultants/vendors
- borrowers
- regulators
- rating agencies
- associations
- trade associations
employee values - ANSWERI value the long-term employment.
I enjoy my coworkers.
I'm proud to work for a reputable company.
I appreciate the salary and benefits.
reinsurance - ANSWERInsurance that one insurance company, known as the direct writer, purchases
from another insurance company, known as the reinsurer, to transfer all or part of the risk on
insurance policies that the direct writer issued.
consultants/vendors example - ANSWERI'm a public accountant. I provide external audit services to
Forthright. Many vendors provide goods and services to Forthright.
Borrowers example - ANSWERI'm a real estate developer. To fund construction projects, I borrow
from Forthright Financial. Forthright lends money as one of its investments. They expect to earn a
return, so they keep a close eye on me.
, regulators example - ANSWERI conduct in-person examinations of insurance companies that do
business in my state. I make sure they comply with regulations and maintain fair business practices.
rating agencies example - ANSWERI assign a grade to Forthright Financial and other companies. The
grade, called a rating, indicates my company's opinion of Forthright's overall health and stability.
In each of the following questions, select the person who would most likely make each statement
about his or her interests as a stakeholder.
"I value having a good job with reliable income and benefits."
a. Policyowner
b. Stockholder
c. Employee
d. Reinsurer
e. Financial professional - ANSWERC.
In each of the following questions, select the person who would most likely make each statement
about his or her interests as a stakeholder.
"I need Forthright to offer products that meet my clients' needs so that I can earn an income."
a. Policyowner
b. Stockholder
c. Employee
d. Reinsurer
e. Financial professional - ANSWERE.
In each of the following questions, select the person who would most likely make each statement
about his or her interests as a stakeholder.
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