Rmin test 2 daniel - Study guides, Class notes & Summaries

RMIN Daniel Brown Test 1 Questions and Answers | Latest Version | 2024/2025 | Graded A+ What is the difference between personal risk and property risk? Personal risk involves risks to an individual's health or life, while property risk involves the potential for damage or loss to physical assets. What is risk evaluation used for in risk management? Risk evaluation is used to determine the significance of identified risks and prioritize them based on their potential impact and li...

Actual Cash Value - Replacement Cost-Depreciation Actuary - A person who uses complex statistical methods and technology to analyze loss and other data to determine rates and premiums. Brokers - represent policyholders to arrange coverage with syndicates. Legally represents insured. Ceding Company - The primary insurer that initially wrote the insurance. Cession - The amount of insurance ceded to the reinsurer. Claim Adjusting - The process of determining coverage, legal liability and dam...

RMIN 4000 Test 2 Daniel Brown, Risk Management Test 2

RMIN 4000 Test 2 Daniel Brown (2024/2025) 100% Solved

RMIN 4000 Test 2 Daniel Brown Questions with verified correct answers

RMIN 4000 Test 2 Daniel Brown Questions with verified correct answers.

Stock Insurer - correct answer Corporation owned by Stockholders (earn profit for stockholders by increasing the value of the stock and paying dividends). Mutual Insurer - correct answer Corporation owned by Policyholders (profits are distributed to policyholders by dividends or rate reductions). Advance Premium Mutual Assessment Mutual Fraternal Insurer Lloyd's of London - correct answer Specialized lines of business. Brokers - correct answer represent policyholders to arrang...

Stock Insurer - ANSWER-Corporation owned by Stockholders (earn profit for stockholders by increasing the value of the stock and paying dividends). Mutual Insurer - ANSWER-Corporation owned by Policyholders (profits are distributed to policyholders by dividends or rate reductions). Advance Premium Mutual Assessment Mutual Fraternal Insurer Lloyd's of London - ANSWER-Specialized lines of business. Brokers - ANSWER-represent policyholders to arrange coverage with syndicates. Lega...

Stock Insurer -:- Corporation owned by Stockholders (earn profit for stockholders by increasing the value of the stock and paying dividends). Mutual Insurer -:- Corporation owned by Policyholders (profits are distributed to policyholders by dividends or rate reductions). Advance Premium Mutual Assessment Mutual Fraternal Insurer Lloyd's of London -:- Specialized lines of business. Brokers 2 | P a g e | G r a d e A + | 2 0 2 4 / 2 0 2 5 Excel! 2 0 2 4 /2025 | © copyright ...

Stock Insurer - ANSWER-Corporation owned by Stockholders (earn profit for stockholders by increasing the value of the stock and paying dividends). Mutual Insurer - ANSWER-Corporation owned by Policyholders (profits are distributed to policyholders by dividends or rate reductions). Advance Premium Mutual Assessment Mutual Fraternal Insurer Lloyd's of London - ANSWER-Specialized lines of business. Brokers - ANSWER-represent policyholders to arrange coverage with syndicates. Lega...