Cisr training Study guides, Class notes & Summaries

CISR - Personal Lines Miscellaneous, Questions & Answers/ What is a trade? - -Skilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - -A vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - -An activity or pursuit in which a person is engaged; a person's usual or principal work or business. What are the two parts of the definition of "Business"? - -...

CISR - Personal Lines Miscellaneous | 2024 Questions & Answers | 100% Correct | Verified What is a trade? - Skilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - A vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - An activity or pursuit in which a person is engaged; a person's usual or principal work or business. What are the two parts...

CISR - Personal Lines Miscellaneous Exam Questions and Answers 100% Pass What is a trade? - Correct Answer ️️ -Skilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - Correct Answer ️️ -A vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - Correct Answer ️️ -An activity or pursuit in which a person is engaged; a person's usual or principal wo...

CISR - Personal Lines Miscellaneous Exam Questions With 100% Correct Answers What is a trade? - answerSkilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - answerA vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - answerAn activity or pursuit in which a person is engaged; a person's usual or principal work or business. What are the two parts of the d...

CISR - Personal Lines Miscellaneous Exam Questions With 100% Correct Answers What is a trade? - answerSkilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - answerA vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - answerAn activity or pursuit in which a person is engaged; a person's usual or principal work or business. What are the two parts of the d...

CISR Elements of Risk Management (EORM) Lesson 1 Topics A & B Exam Risk control - CORRECT ANSWER An action step of risk management Financing - CORRECT ANSWER Obtaining insurance to pay for Wokers Comp losses illustrates a step of the risk management process Identification - CORRECT ANSWER The step of the risk management process where a risk manager reviews accident reports in order to determine the organizations exposures. Risk analysis - CORRECT ANSWER Using industry data to determine...

CISR Agency Operations Exam 82 Questions with Answers Four benefits of ethical behavior -CORRECT ANSWER a. To be recognized as knowledgeable insurance professionals within the community b. To gain public trust and confidence c. To avoid government regulation d. To enhance credibility with customers and companies Misrating & Misclassification - CORRECT ANSWER Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses Common ethical iss...

CISR Risk Management Exam 137 Questions with Answers TCOR - CORRECT ANSWER Total Cost of Risk Risk Management - CORRECT ANSWER the process of managing uncertainty of exposures that affect an organizations assets 5 steps of risk management process - CORRECT ANSWER Identification, analysis, control, financing and administration Six general classes of risk - CORRECT ANSWER 1. Economic 2. Legal 3. Political 4. Social 5. Physical 6. Juridical Four Logical Classifications of Expo...

CISR: Agency Operations Exam 100 Questions with Answers Types of Stakeholders - CORRECT ANSWER managers and employees customers insurers vendors industry associations government Transfer - CORRECT ANSWER Insurance: transfer of financial consequence to an insurance company Non Insurance: when a customer transfers financial consequences to another by contract or agreement Retention - CORRECT ANSWER Active: when a customer knows before the loss that they are responsible for all...

CISR Agency Operations 45 Questions with Answers Agency Characteristics - CORRECT ANSWER Number of Employees, Locations, Areas of Specialization, AMS used, Local, Regional, National, International Operations, Use of Service Centers. Small Agency - CORRECT ANSWER Require staff to fill multiple roles. Mid-Sized Agencies - CORRECT ANSWER Staff may be split Large agencies - CORRECT ANSWER More Specialization in single lines. single or multiple locations - CORRECT ANSWER The number o...