Rmin 4000 exam Study guides, Class notes & Summaries

RMIN 4000 Exam 3 Questions and Answers Rated A+ Basic Parts of an Insurance Contract declarations, definitions, insuring agreement, exclusions, conditions, miscellaneous provisions declaration part of an insurance contract that tells who, what, when, and where, lists the amount of coverage, premiums, and deductibles, and is usually the very first page definition part of the insurance contract that defines terms like "your covered auto" Insuring Agreement part of contract that ...

RMIN 4000 Exam 1 Latest 2024 Graded A

RMIN 4000 EXAM 1 QUESTIONS AND ANSWERS 100% CORRECTRMIN 4000 EXAM 1 QUESTIONS AND ANSWERS 100% CORRECTRMIN 4000 EXAM 1 QUESTIONS AND ANSWERS 100% CORRECTRMIN 4000 EXAM 1 QUESTIONS AND ANSWERS 100% CORRECT Exposures - ANSWER-things of value (assets) that could be lost perils - ANSWER-things that could happen to these assets Risk management - ANSWER-what do you do to protect these assets and/or prevent/reduce losses? process that identifies loss exposures faced by an organization and se...

RMIN 4000 Exam 2 Latest 2024 Updated Already Graded A

RMIN 4000 Exam 3 - Topics 8,9,10 Questions and Answers 100% Pass How long is an auto insurance policy? usually 6 or 12 months Who writes auto insurance policies? ISO What is ISO? Insurance Services Office Five General Types of Coverage for Auto Insurance 1. Liability 2. Uninsured Motorist 3. Medical Payments 4. Damage 5. Convenience Coverage When is liability coverage implemented in auto? when you have a liability to a 3rd party for property damage (PD) or bodily injury (BI)...

RMIN 4000 Edmunds Exam 3 Questions and Answers Rated A+ basic parts of an insurance contract declarations, definitions, insuring agreement, exclusions, conditions, and miscellaneous provisions declarations statements that provide information about the particular property or activity to be insured what does the declarations page usually contain name and address, policy dates, amount of insurance, premium and deductible, and other relevant info definitions key words or phrases ar...

RMIN 4000 Exam 2 Questions and Answers 100% CorrectRMIN 4000 Exam 2 Questions and Answers 100% CorrectRMIN 4000 Exam 2 Questions and Answers 100% CorrectRMIN 4000 Exam 2 Questions and Answers 100% Correct Major Types of Private Insurers - ANSWER-Stock Insurers Mutual Insurers Lloyds of London Stock Insurer - ANSWER--A corporation owned by stockholders. -Objective is to earn profits for the stockholders by increasing stock and paying dividends. (Progressive, Allstate, Metlife, etc.) ...

RMIN 4000 Exam 1 Brown Questions and Answers 100% Accurate RMIN 4000 Exam 1 Brown Questions and Answers 100% Accurate RMIN 4000 Exam 1 Brown Questions and Answers 100% Accurate Textbook definition of RISK - ANSWER-Uncertainty concerning the occurrence of a loss Better definition of RISK - ANSWER-A calculated possibility of a negative outcome Calculated Possibility - ANSWER-0 = Impossible event (NO RISK)

RMIN 4000 Exam 3 - Topics 8,9,10 with Complete SolutionsRMIN 4000 Exam 3 - Topics 8,9,10 with Complete SolutionsRMIN 4000 Exam 3 - Topics 8,9,10 with Complete SolutionsRMIN 4000 Exam 3 - Topics 8,9,10 with Complete Solutions How long is an auto insurance policy? - ANSWER-usually 6 or 12 months Who writes auto insurance policies? - ANSWER-ISO What is ISO? - ANSWER-Insurance Services Office

RMIN 4000 Edmunds Exam 2 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 2 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 2 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 2 Questions and Answers 100% Verified major types of private insurers - ANSWER-Stock, Mutual, and Lloyd's of London stock insurers - ANSWER-corporation owned by stockholders. objective is to earn profit for stockholders by increasing the value of the stock and paying dividends Mutual ins...