Loss by theft of a - Study guides, Class notes & Summaries
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RSK2601 MCQ EXAM PACK 2024
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TEST BANK 
Enterprise Risk Management 
S - The Marketplace to Buy and Sell your Study Material 
1 
RSK2601 TEST BANK 
Question 1 
Which one of the following is a benefit of effective risk and opportunity management? 
1) Improved profit certainty 
2) Increased shareholder value 
3) Increased stakeholder confidence Correct option 3 
4) Lower economic returns 
Explanation 
Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and 
higher economic returns...
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RMIN 5100S Test 1 Atkinson Questions and Answers Solved 100%
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Abandonment - - Insurance company may choose to take damaged property and pay insured the 
value 
- Insured CANNOT surrender damaged property to insurance company 
Active Retention - Identify the loss/risk exposure and really consider the risk itself and all the 
measures around it. (ex. Should we transfer it, retain it etc.) 
Admitted (standard or retail) Insurance companies - Regulated by the state, They often must 
subscribe to rating and form regulations of that state. 
Agent or Broker - "I...
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MAINE ADJUSTER PROPERTY AND CASUALTY EXAM 2 2024 WITH 100% CORRECT ANSWERS
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The required minimum amounts of liability car insurance coverage in Maine Answer - 50/100/25 
 
Would a ferry crashing between the coast of Maine and Nova Scotia a be covered by the personal auto insurance policy Answer - No 
 
Limit on Theft of Unscheduled Jewelry Answer - $1500 
 
When insurer and insured cannot agree on loss Answer - they each hire an appraiser 
 
If the appraisers cannot agree on loss Answer - they select an umpire 
 
If the appraisers cannot agree on an umpire Answer - a ju...
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Florida All Lines Claims Adjuster Exam 2024 | Questions with 100% Correct Answers | Verified | Updated 20242025
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What is an eligible building for flood insurance?: A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community 
What is Builders Risk Coverage?: Covers buildings in the course of completion. Proper coverage is 100% of expected completed value 
Do all Homeowners policies contain Coverage A?: No, HO-4 (Renters person- al property) 
What is casual labor in workers' compen...
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FLORIDA INSURANCE 2-14 EXAM TERMS QUESTIONS AND ANSWERS (100% SCORES)
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FLORIDA INSURANCE 2-14 EXAM 
TERMS QUESTIONS AND ANSWERS 
(100% SCORES) 
Insurance - CORRECT ANSWER-Financial protection against loss or harm - An 
arrangement by which company gives customers financial protection against loss or 
harm such as theft or illness in return for premium payments. 
Life Insurance - CORRECT ANSWER-Is based on actuarial or mathematical principles 
and guarantees a specified sum of money upon the death of the person who is insured. 
Annuities - CORRECT ANSWER-Provid...
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LPQ Certification Test
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Containing elements involving subjective perceptions as well as objective judgments, this 
complex legal principle is a form of discrimination and/or abuse based upon the basis of sex: - 
sexual harrasment 
 
The way in which we act or conduct ourselves; demonstrated by the actions that we take and the 
way that we respond to the world around us is known as: - behavior 
 
In order to maintain a fair and just approach to loss prevention we must identify and be aware of 
 
our own viewpoints, perc...
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AINS 101 - Increasing Your Insurance IQ Test with Verified Answers | Latest 2024/2025
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Which of the following represents uncertainty about outcomes that can be 
negative or positive? ️ Risk 
The primary role of insurance is to ️ Indemnify individuals and 
organizations for covered losses. 
The insurance agent suggested that Sally's Snack Shop buy a policy that 
combines property, crime, and liability coverage into one policy. This is 
referred to as as a(n) ️ Commercial package policy (CPP) 
Coverage for money and other business property from various causes of 
loss such as...
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BLEA Crim Law Midterm Questions & Answers Correctly Answered.
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Five Basic Premises of Criminal Law - Answer-1. There must be an act or an omission. 
2. The suspect may have a mental state 
3. There must be a concurrence of both of the above at the same time. 
4. Causation must be present. 
5. Principles of Construction = All laws must be written. 
Rule of Corpus Delicti "Body of the Crime" - Answer-Shows specific loss or injury. 
Someone is criminally responsible. 
Additional evidence to indicate that the confession is truthful. 
Mental States - Answer-In...
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MAC3703 Assignment 2 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED
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MAC3703 Assignment 2 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and referencesQUESTION 1 (20 MARKS) 
DNF Waste & Environmental Services (DNF) is an Environmental Management and Waste Management Services Company that was created in 2008. It is one of the leading waste and environmental management service providers in South Africa. DNF is a 100% Black woman owned business and is a Level 1 Value Added S...
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FLORIDA INSURANCE 2-14 EXAM TERMS QUESTIONS AND ANSWERS (100% SCORES)
- Exam (elaborations) • 33 pages • 2023
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FLORIDA INSURANCE 2-14 EXAM 
TERMS QUESTIONS AND ANSWERS 
(100% SCORES) 
Insurance - CORRECT ANSWER-Financial protection against loss or harm - An 
arrangement by which company gives customers financial protection against loss or 
harm such as theft or illness in return for premium payments. 
Life Insurance - CORRECT ANSWER-Is based on actuarial or mathematical principles 
and guarantees a specified sum of money upon the death of the person who is insured. 
Annuities - CORRECT ANSWER-Provid...
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