Cisr operations 2 Study guides, Class notes & Summaries

CISR Commercial Casualty I Lesson 1 L Questions and Answers 100% Pass Legal Liability - Correct Answer ️️ -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 - Correct Answer ️️ -Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict Liability, Ab...

CISR - Elements of Risk Management Exam 132 Questions with Answers A ____ is a cause of loss - CORRECT ANSWER peril A situation, behavior, or condition that may lead to adverse financial consequences - CORRECT ANSWER exposure A cyberattack is an example of a ____ - CORRECT ANSWER peril An Insured who shows no regard for his insured property demonstrates a - CORRECT ANSWER morale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood...

CISR Commercial Casualty I Lesson 1 L Exam Questions and Answers 100% Pass Legal Liability - Correct Answer ️️ -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 - Correct Answer ️️ -Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict Liabilit...

CISR Commercial Casualty I Lesson 1 L Exam Questions and Answers 100% Pass Legal Liability - Correct Answer ️️ -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 - Correct Answer ️️ -Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict Liabilit...

CISR - Agency Operations - Section 1 2024 Latest Update!! benefits of ethical behavior - ANSWER 1. public trust & confidence gained. 2. government regulation avoided 3. enhanced credibility 6 steps in ethical decision making - ANSWER 1. define problem 2. seek resources 3. brainstorm solutions 4. evaluate the alternatives 5. make decision 6. elvaluate decision estoppel - ANSWER prevents someone from arguing something that contradicts what was said previously examples of being unethi...

CISR Insuring Commercial Property Exam 146 Questions with Answers Select the answer that most closely describes Actual Cash Value (ACV). - CORRECT ANSWER 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. - CORRECT ANSWER A provision which changes the policy valuation so as to provide for replacement with a different structure which per...

CISR Commercial Casualty I Lesson 1 L Verified Answers 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 Liability Negligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a negligent tort (long version) 1. Duty o...

CISR Commercial Casualty I Lesson 1 L Complete Solutions 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 Liability Negligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a negligent tort (long version) 1. Duty...

CISR - Elements Of Risk Management CH 1 Questions And Answers 2023 Risk - Correct Answer-condition of either positive or negative uncertainty arising from a given set of cirumstances pure risk - Correct Answer-chance of loss or no loss speculative risk - Correct Answer-chance of loss, no loss, or gain loss - Correct Answer-reduction in asset value exposure - Correct Answer-situation, practice or condition that MAY lead to a loss peril - Correct Answer-cause of loss hazard - Co...

values statement - ANSWER defines heart of the organization, core priorities & behaviors. "what we stand for" vision statement - ANSWER specifies current and future goals of the agency mission statement - ANSWER action statement that declares what company does, how it intends to service customers and why they are unique SMART goals - ANSWER Specific, Measurable, Attainable, Relevant, Timely agency brand - ANSWER their target markets, areas of specialization, values, vision, mission