Iso policy - Study guides, Class notes & Summaries

Property and Casualty Insurance Basics Latest 2024 Graded A+ INSURABLE INTEREST an economic interest in a property that must exist at the time of loss (you can insure the equity interest in your own home) UNDERWRITING classifies the applicant based upon the underwriting requirements of the insurer; matches the risk presented with the premium charged by the insurer LOSS RATIO percentage of claims paid in comparison to total premiums collected during a particular period of time R...

Which of the following risks ARE eligible for coverage under a businessowners policy (BOP)? A) Banks B) Automobile dealers C) Bars or taverns D) Condominiums ISO maintains a list of risks not eligible for consideration for a BOP. Financial institutions, auto dealers, and bars and grills are specifically excluded from coverage. - D) Condominiums ISO maintains a list of risks not eligible for consideration for a BOP. Financial institutions, auto dealers, and bars and grills are specifically ...

The Japanese term, kaizen, means: Continuous planning Quality improvement Quality planning Continuous improvement Continuous Improvement Who is the driving force throughout the life cycle of a product? Suppliers Customers Manufacturers Transporters Customers Which of the following is the federal agency devoted to workplace safety? USDOT OSHA EPA FAA OSHA Which of the following regulates indistrial waste disposal? ISO 4000 Clean Water Act National En...

WGU-C838-Pre-Assessment Exam 2023 update "Which phase of the cloud data lifecycle allows both read and process functions to be performed? (A) Share (B) Store (C) Create (D) Archive" - Answer Create "Which phase of the cloud data security lifecycle typically occurs simultaneously with creation? (A) Use (B) Share (C) Store (D) Destroy" - Answer Store "Which phase of the cloud data life cycle uses content delivery networks? (A) Share (B) Create (C) Destroy (D) Archive" - ...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

AINS 103 Questions and Answers Graded A+ Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one ...

Determine if a described activity is a business as defined in the ISO Homeowners policy - Business is a two part definition. A business is a trade, profession or occupation engaged in a full time, part time or occasional basis. If part one does not apply, part two needs to be looked at. A business is any activity engaged in for money or other compensation unless it is: an activity that received $12k or less per year, volunteer activity with no compensation, home day care with no compensation...

RMIN 4000 Exam 3 - Topics 8,9,10 with Complete SolutionsRMIN 4000 Exam 3 - Topics 8,9,10 with Complete SolutionsRMIN 4000 Exam 3 - Topics 8,9,10 with Complete SolutionsRMIN 4000 Exam 3 - Topics 8,9,10 with Complete Solutions How long is an auto insurance policy? - ANSWER-usually 6 or 12 months Who writes auto insurance policies? - ANSWER-ISO What is ISO? - ANSWER-Insurance Services Office

Pennsylvania Public Adjuster Examination--Series 16-19 Set 2 Latest Update Graded A+ The program trigger in 2016 under the Terrorism Risk Insurance Act covered property and casualty losses that exceeded ______ in the aggregate. In 2017, the program will cover losses that exceed _____ in the aggregate. A. $120 million,/ $140 million B. $100 million / $120 million C. $140 million / $160 million D. $90 million / $100 million A. The Act covers losses from a certified terrorism act tha...

What are the two primary purposes of a physical security program? - correct answer Prevention and Protection What is the ATWG? - correct answer Antiterrorism Working Group Responsible for assessing requirements for physical security; recommending and developing policy; preparing planning documents, and; conducting criticality, vulnerability, and risk assessments. What is the ATEC? - correct answer Antiterrorism Executive Committee Develops and refines antiterrorism program guidance,...