LOMA 291 Module 1 Study Guide with Complete Solutions
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Course
LOMA 291
Institution
LOMA 291
LOMA 291 Module 1 Study Guide with
Complete Solutions
Stakeholders (consituents) - Answer️️ -A party that has an interest in how a company
conducts its business. Also known as a constituent.
Dividend - Answer️️ -Compensation that a company may pay to owners upon a vote
by the company's...
employee values - Answer✔️✔️-I 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 - Answer✔️✔️-Insurance 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 - Answer✔️✔️-I'm a public accountant. I provide external
audit services to Forthright. Many vendors provide goods and services to Forthright.
Borrowers example - Answer✔️✔️-I'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 - Answer✔️✔️-I 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 - Answer✔️✔️-I 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.
associations example - Answer✔️✔️-As a Forthright actuary, I belong to several
organizations that set professional standards. Forthright employs many professionals—
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