Risk and insur - Study guides, Class notes & Summaries

AIDA 182 (LATEST 2023/ 2024 UPDATE) RISK AND INSURANCE ANALYSIS TECHNIQUES EXAM QUESTIONS AND COMPLETE 100% CORRECT ANSWERS 2024 LATEST UPDATE WITH RATIONALES VERIFIED AND WELL EXPLAINED BY EXPERTS AND GRADED A+ ALREADY PASSED!!!!!! WITH 100% GUARANTEED SUCCESS AFTER DOWNLOAD ( ALL YOU NEED TO PASS YOUR EXAMS) Risk quadrants are different from risk classifications. Risk quadrants focus on what? The source of the risk itself and what part of the organization has managed it in the past. An ente...

ETHICS 311 Ethical Decision Making in Risk and Insurance test questions and answers

C11 - Chapter 1 - Introduction to Risk and Insurance

Wisconsin Casualty INSURANCE Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert) A situation in which a person can experience only a loss and no gainpresents what type of risk? ANS Pure Risk 2. A tornado that destroys a property would be an example of what? ANS Peril 3. What type of authority is based on the agent's actions,or words? ANS Apparents 4. If an insurer holds a Certificate of Authority, it is know as what type ofinsurer? ANS Authorized or admitted 5. Wha...

Which one of the following could create an ethical issue? A) Placing Insurance with the insurer paying the highest commission B) Exaggerating a proof of loss C) Lying about educational background D) Not paying premiums when due correct answersA) Placing insurance with the insurer paying the highest commission Unselfish concern for the welfare of others is referred to as A) Politeness B) Empathy C) Altruism D) Consideration correct answersC) Altruism Penny is in the marketing depar...

Risk and Insurance chapter 6 Questions And Answers 2023/2024 1) The function of an actuary is to A) adjust claims. B) determine premium rates. C) negotiate reinsurance treaties. D) invest insurance company assets. - ANSWER B 2) Insurers obtain data which can be used to determine rates from A) pricing pools. B) insurance advisory organizations. C) banks. D) reciprocal exchanges. - ANSWER B 3) Which of the following statements about underwriting policy is (are) true? I. A company...

C11 - Chapter 1 - Introduction to Risk and Insurance Questions & answers

Fundamentals of Risk and Insurance 11th Edition By Emmett Vaughan, Therese Vaughan (Instructor Manual) Fundamentals of Risk and Insurance 11th Edition By Emmett Vaughan, Therese Vaughan (Instructor Manual)

Risk - Answer-chance of loss Peril - Answer-cause of loss (fire, wind, theft, etc) Direct Loss - Answer-the immediate result of an event caused by a covered peril Indirect Damage Loss - Answer-loss resulting from a direct loss to property (income loss expense resulting from the inability to use damaged property) Exposure - Answer-the state of being subject to risk Hazard - Answer-a condition that increased the likely occurrence of a peril or the likely severity of a loss (moral, m...

LOMA 281: Module 1 Lesson 1 - Risk and Insurance complete solution