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CISR EXAM PACKAGE DEAL WITH 100% CORRECTLY SOLVED SOLUTIONS.
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[Mostrar más]What is a trade? - Answer Skilled manual or mechanical work. 
Examples: Painter, Carpenter, Electrician, etc. 
What is a profession? - Answer A vocation requiring advanced education and training. 
Examples: Physician, Dentist, Attorney, Veterinarian, etc. 
What is an occupation? - Answer An activity...
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Añadir al carritoWhat is a trade? - Answer Skilled manual or mechanical work. 
Examples: Painter, Carpenter, Electrician, etc. 
What is a profession? - Answer A vocation requiring advanced education and training. 
Examples: Physician, Dentist, Attorney, Veterinarian, etc. 
What is an occupation? - Answer An activity...
Risk - condition of either positive or negative uncertainty arising from a given set of cirumstances 
pure risk - chance of loss or no loss 
speculative risk - chance of loss, no loss, or gain 
loss - reduction in asset value 
exposure - situation, practice or condition that MAY lead to a loss 
peri...
Vista previa 2 fuera de 5 páginas
Añadir al carritoRisk - condition of either positive or negative uncertainty arising from a given set of cirumstances 
pure risk - chance of loss or no loss 
speculative risk - chance of loss, no loss, or gain 
loss - reduction in asset value 
exposure - situation, practice or condition that MAY lead to a loss 
peri...
ITEM #1 - Named Insured, Address, Other Workplaces, and Type of Businesses 
ITEM #2 - Policy Period 
ITEM #3 A. - Part one Workers Comp Insurance-- List ALL States in which the insured has KNOWN 
operations or EXPECTS to have operations-- Activates Workers compensation laws for those states-- 
Canno...
Vista previa 1 fuera de 3 páginas
Añadir al carritoITEM #1 - Named Insured, Address, Other Workplaces, and Type of Businesses 
ITEM #2 - Policy Period 
ITEM #3 A. - Part one Workers Comp Insurance-- List ALL States in which the insured has KNOWN 
operations or EXPECTS to have operations-- Activates Workers compensation laws for those states-- 
Canno...
Select the answer that most closely describes Actual Cash Value (ACV). - A method of establishing 
the value of property wherein depreciation and obsolescence are deducted from the value of the 
property. 
Select the answer that most closely describes Functional Replacement Cost. - A provision which...
Vista previa 3 fuera de 22 páginas
Añadir al carritoSelect the answer that most closely describes Actual Cash Value (ACV). - A method of establishing 
the value of property wherein depreciation and obsolescence are deducted from the value of the 
property. 
Select the answer that most closely describes Functional Replacement Cost. - A provision which...
Types of Stakeholders - managers and employees 
customers 
insurers 
vendors 
industry associations 
government 
Transfer - Insurance: transfer of financial consequence to an insurance company 
Non Insurance: when a customer transfers financial consequences to another by contract or agreement 
Reten...
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Añadir al carritoTypes of Stakeholders - managers and employees 
customers 
insurers 
vendors 
industry associations 
government 
Transfer - Insurance: transfer of financial consequence to an insurance company 
Non Insurance: when a customer transfers financial consequences to another by contract or agreement 
Reten...
Agency Characteristics - Number of Employees, Locations, Areas of Specialization, AMS used, 
Local, Regional, National, International Operations, Use of Service Centers. 
Small Agency - Require staff to fill multiple roles. 
Mid-Sized Agencies - Staff may be split 
Large agencies - More Specializati...
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Añadir al carritoAgency Characteristics - Number of Employees, Locations, Areas of Specialization, AMS used, 
Local, Regional, National, International Operations, Use of Service Centers. 
Small Agency - Require staff to fill multiple roles. 
Mid-Sized Agencies - Staff may be split 
Large agencies - More Specializati...
A ____ is a cause of loss - Answer peril 
A situation, behavior, or condition that may lead to adverse financial consequences - Answer exposure 
A cyberattack is an example of a ____ - Answer peril 
An Insured who shows no regard for his insured property demonstrates a - Answer morale hazard 
A spil...
Vista previa 2 fuera de 11 páginas
Añadir al carritoA ____ is a cause of loss - Answer peril 
A situation, behavior, or condition that may lead to adverse financial consequences - Answer exposure 
A cyberattack is an example of a ____ - Answer peril 
An Insured who shows no regard for his insured property demonstrates a - Answer morale hazard 
A spil...
The two major sections of the Homeowners policy are ___________________ & Section II Personal 
Liability - Answer Section I Property Coverages 
Combining these two sections provides a ______________________ used to insure loss exposures 
related to owning, occupying and maintaining _________________...
Vista previa 1 fuera de 4 páginas
Añadir al carritoThe two major sections of the Homeowners policy are ___________________ & Section II Personal 
Liability - Answer Section I Property Coverages 
Combining these two sections provides a ______________________ used to insure loss exposures 
related to owning, occupying and maintaining _________________...
AP what does liability section provide protection from claims for? - Bodily Injury and Property 
Damage for which insured is legally responsible for. 
In BAP physical damage section what type of protection? - provides coverage for damage to or 
loss of an insured's covered auto. 
What other BAP cov...
Vista previa 3 fuera de 24 páginas
Añadir al carritoAP what does liability section provide protection from claims for? - Bodily Injury and Property 
Damage for which insured is legally responsible for. 
In BAP physical damage section what type of protection? - provides coverage for damage to or 
loss of an insured's covered auto. 
What other BAP cov...
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Legal Liability - A responsibility or obligation to others, which courts recognize and enforce. In 
general failure to meet this duty often results in the imposition of monetary damages. 
3 Types of Legal Liability - Tort Liability, Statutory Liability, Contractual Liability 
4 Types of Tort Liabili...
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Añadir al carritoLegal Liability - A responsibility or obligation to others, which courts recognize and enforce. In 
general failure to meet this duty often results in the imposition of monetary damages. 
3 Types of Legal Liability - Tort Liability, Statutory Liability, Contractual Liability 
4 Types of Tort Liabili...
Professional - One engaged in an occupation requiring a high level of training and proficiency 
To be recognized as knowledgeable, gain public trust, avoid government regulation, enhance credibility - 
What are the benefits of being ethical? 
True - Is this example an ethical issue? Rating a vehicle...
Vista previa 2 fuera de 6 páginas
Añadir al carritoProfessional - One engaged in an occupation requiring a high level of training and proficiency 
To be recognized as knowledgeable, gain public trust, avoid government regulation, enhance credibility - 
What are the benefits of being ethical? 
True - Is this example an ethical issue? Rating a vehicle...
Which one of the following best describes actual authority? - When 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? - Loyalty, good faith, reasonable care and con...
Vista previa 2 fuera de 5 páginas
Añadir al carritoWhich one of the following best describes actual authority? - When 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? - Loyalty, good faith, reasonable care and con...
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