LOMA Bundled Exams Questions and Answers (2023/2024) (Complete and Accurate)

LOMA 281 Module 1 Latest 2023 Graded A+ Risk the possibility of an unexpected result. Premium A specified amount of money an insurer charges in exchange for its agreement to pay a policy benefit when a specific loss occurs. Insurance company A company that provides protection against the risk of f...

LOMA 291 Module 1 Questions and Answers 100% Pass Stakeholders (consituents) A party that has an interest in how a company conducts its business. Also known as a constituent. Dividend Compensation that a company may pay to owners upon a vote by the company's board of directors. Stockholder We sto...

LOMA 281 Module 2 Latest 2023 Graded A+ Term Life insurance Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance A plan of term li...

LOMA 280 mod.1 ch.1 rated A+ risk The chance or possibility of an unexpected result, either a gain or a loss. speculative risk Three possible outcomes - loss, gain, or no change. This risk cannot be insured. Example: stocks. pure risk No possibility of gain: Loss or no-loss occurs. Ex: possibility...

Loma 280 Chapter 4 latest update graded A+ actuarial assumption The assumed values used in the financial design of a product actuary An expert in financial risk management and the mathematics and model-ing of insurance, annuities, and financial instruments block of policies A group of policies iss...

LOMA 291 Module 3 Lesson 2 (2023/2024) Already Passed idea screening An activity in which a team quickly and inexpensively evaluates new product ideas to separate workable ideas from those that have little or no potential. comprehensive business analysis An evaluation of all the factors that are li...

Loma 307 questions and answers already passed quantitative easing federal reserve buying securities to stimulate the economy. Usually considered when short-term interest rates are at or near zero. Increases the money supply. Lowers the interest rates. Positively effects employment and economic growt...