Cisr risk management exam - Study guides, Class notes & Summaries

CISR Elements of Risk Management Exam 2024 Questions with 100% Complete Solutions Graded A+

CISR - Elements of Risk Management Exam 2024 | CISR Elements of Risk Management Actual Exam Update Latest 2024 Question and Correct Answers Rated A+

CISR - Elements of Risk Management Exam Questions With Verified Answers A ____ is a cause of loss - answerperil A situation, behavior, or condition that may lead to adverse financial consequences - answerexposure A cyberattack is an example of a ____ - answerperil An Insured who shows no regard for his insured property demonstrates a - answermorale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood that someone will fall - answerhazard A p...

CISR - ELEMENTS OF RISK MANAGEMENT FINAL EXAM QUSTION AND CORRECT ANSWERS (100 +) GRADE A

CISR Agency Operations Exam Questions With 100% Correct Answers Which one of the following best describes actual authority? - answerWhen the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - answerLoyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - answerthical behavior...

CISR: Agency Operations Exam 100 Questions with Answers100% CORRECT 2023 Types of Stakeholders - Answer - managers and employees Customers insurers vendors industry associations government Transfer - Answer - Insurance: transfer of financial consequence to an insurance company Non Insurance: when a customer transfers financial consequences to another by contract or agreement Retention - Answer - Active: when a customer knows before the loss that they are responsible for all or pa...

CISR Agency Operations Exam Questions With 100% Correct Answers Which one of the following best describes actual authority? - answerWhen the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - answerLoyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - answerthical behavior...

CISR Elements of Risk Management (EORM) Lesson 1 Topics A & B Exam Risk control - CORRECT ANSWER An action step of risk management Financing - CORRECT ANSWER Obtaining insurance to pay for Wokers Comp losses illustrates a step of the risk management process Identification - CORRECT ANSWER The step of the risk management process where a risk manager reviews accident reports in order to determine the organizations exposures. Risk analysis - CORRECT ANSWER Using industry data to determine...

CISR Agency Operations Exam Questions With 100% Correct Answers Which one of the following best describes actual authority? - answerWhen the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - answerLoyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - answerthical behavior...