Finn 3623 exam 2 answers - Study guides, Class notes & Summaries

FINN 3623 Risk Management Exam 1 (2024) || With Complete Answers (Graded A+) FINN 3623 Risk Management Exam 1 (2024) || With Complete Answers (Graded A+) PROTECT & ENHANCE the assets of an organization - ANSWER - What is the primary jobs/functions of the chief risk manager? peril - ANSWER - a cause of loss insurance - ANSWER - a mechanism of risk transfer hazard - ANSWER - anything that increases the probability of or severity of a loss physical hazard - ANSWER - a literal obstac...

FINN 3623 Exam 2 || Review Questions & Complete Solutions (100% Verified) FINN 3623 Exam 2 || Review Questions & Complete Solutions (100% Verified) What are the requirements for coverage for an incident to be covered under a claims-made liability policy? How do these requirements differ from an occurrence basis policy? - ANSWER - To have a claim covered under a claims-made contract, the claim must occur during the policy period and the injury must occur after the retroactive date. Under an o...