Rmi final exam - Study guides, Class notes & Summaries

RMI 2302 Final Exam Nyce Questions and Answers Already Passed The number of years between same-sized natural disaster events is also known as Return Period Frequency and magnitude of natural disasters typically have a _____ ? Inverse relationship Risks of "high concern" in the Global Risk Report 2014 1. Food crisis 2. Water crisis 3. Political instability Today, most developed countries have gone from _____ death rates and _____ birth rates to _____ death rates and _____ birth...

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International Risk (RMI 3567) Final Exam Questions and Answers Design Defect* - Correct Answer ️️ -A flaw or deficiency in the design of a product that makes it unreasonably dangerous to users. Can result in product liability where manufacturers/designers may be held responsible for injuries or damages caused by the defective design. Manufacturing Defect* - Correct Answer ️️ -A defect that occurs during the manufacturing process, causing a product to deviate from its intended desi...

RMI 300 Final Exam Questions and Answers 100% Pass What are the different parts of an insurance contract? - ANSWER-1. Declarations page 2. Insuring agreement 3. Exclusions 4. Conditions 5. Attachments What are the different parts in the declarations page? - ANSWER-1. Exposure information 2. Insurer and policy information What is the exposure information used for in the declarations page of an insurance contract? - ANSWER-Underwriting purposes What does the exposure information contain...

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RMI 300 Final Exam Practice Questions and Answers What are the 3 ways a company decides who takes on what risks? - ANSWER--Better Opportunity to pool -Better way to use loss control incentives -Who has the benefit in taxes Prevention - ANSWER-Any measure that lessens the probability (frequency) of loss but does not eliminate it Reduction - ANSWER-Any effort that lessens the size (severity) of losses that do occur Avoidance - ANSWER-Marking decisions with the intention of eliminating eit...

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RMI 2302 Final Exam Nyce Exam Questions With Verified Answers The number of years between same-sized natural disaster events is also known as - answerReturn Period Frequency and magnitude of natural disasters typically have a _____ ? - answerInverse relationship Risks of "high concern" in the Global Risk Report 2014 - answer1. Food crisis 2. Water crisis 3. Political instability Today, most developed countries have gone from _____ death rates and _____ birth rates to _____ death rate...