Cisr risk exam Study guides, Class notes & Summaries
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CISR Agency Operations Exam Questions With 100% Correct Answers
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CISR Agency Operations Exam Questions 
With 100% Correct Answers 
Which one of the following best describes actual authority? - answerWhen the agency is 
expressly given authority in the agency contract 
Which one of the following statements best describes the standard of care an insurance agency 
owes an insurance company? - answerLoyalty, good faith, reasonable care and contractual 
duties 
Which one of the following is not one of the four benefits of ethical behavior? - answerthical 
behavior...
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CISR Commercial Casualty I Lesson 1 L Exam Questions and Answers 100% Pass
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CISR Commercial Casualty I Lesson 1 L Exam 
Questions and Answers 100% Pass 
Legal Liability - Correct Answer ️️ -A responsibility or obligation to others, which courts 
recognize and enforce. In general failure to meet this duty often results in the imposition 
of monetary damages. 
3 Types of Legal Liability - Correct Answer ️️ -Tort Liability, Statutory Liability, 
Contractual Liability 
4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict 
Liabilit...
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CISR LIFE & HEALTH Exam 52 Questions with Answer,100% CORRECT
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CISR LIFE & HEALTH Exam 52 Questions with Answer 
 
The first step in understanding the elements of a life insurance contract is being able to: 
 
A) describe the personal and specific reasons people purchase life insurance 
B) describe the different parties to a life insurance contract and their relationship - CORRECT ANSWER B) describe the different parties to a life insurance contract and their relationship 
 
A policy owner has the power to: 
A) Name one or more beneficiaries 
B) Change th...
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CISR Risk Management Exam 137 Questions with Answers,100% CORRECT
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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...
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CISR - ELEMENTS OF RISK MANAGEMENT 2024-2025 FINAL EXAM QUSTION AND CORRECT ANSWERS (100 +) GRADE A
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CISR - ELEMENTS OF RISK MANAGEMENT 
FINAL EXAM QUSTION AND CORRECT ANSWERS 
(100 +) GRADE A
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CISR Agency Operations Exam Questions With 100% Correct Answers
- Exam (elaborations) • 4 pages • 2024
-
- $10.49
- + learn more
CISR Agency Operations Exam Questions 
With 100% Correct Answers 
Which one of the following best describes actual authority? - answerWhen the agency is 
expressly given authority in the agency contract 
Which one of the following statements best describes the standard of care an insurance agency 
owes an insurance company? - answerLoyalty, good faith, reasonable care and contractual 
duties 
Which one of the following is not one of the four benefits of ethical behavior? - answerthical 
behavior...
-
CISR Commercial Casualty I Lesson 1 L Exam Questions and Answers 100% Pass
- Exam (elaborations) • 7 pages • 2024
-
- $11.49
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CISR Commercial Casualty I Lesson 1 L Exam 
Questions and Answers 100% Pass 
Legal Liability - Correct Answer ️️ -A responsibility or obligation to others, which courts 
recognize and enforce. In general failure to meet this duty often results in the imposition 
of monetary damages. 
3 Types of Legal Liability - Correct Answer ️️ -Tort Liability, Statutory Liability, 
Contractual Liability 
4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict 
Liabilit...
-
CISR Commercial Casualty I Lesson 1 L Exam Questions and Answers 100% Pass
- Exam (elaborations) • 7 pages • 2024
-
- $11.49
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CISR Commercial Casualty I Lesson 1 L Exam 
Questions and Answers 100% Pass 
Legal Liability - Correct Answer ️️ -A responsibility or obligation to others, which courts 
recognize and enforce. In general failure to meet this duty often results in the imposition 
of monetary damages. 
3 Types of Legal Liability - Correct Answer ️️ -Tort Liability, Statutory Liability, 
Contractual Liability 
4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict 
Liabilit...
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CISR - Elements of Risk Management CH 1 Exam 56 Questions with Answer,100% CORRECT
- Exam (elaborations) • 5 pages • 2023
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CISR - Elements of Risk Management CH 1 Exam 56 Questions with Answer 
 
Risk - CORRECT ANSWER condition of either positive or negative uncertainty arising from a given set of cirumstances 
 
pure risk - CORRECT ANSWER chance of loss or no loss 
 
speculative risk - CORRECT ANSWER chance of loss, no loss, or gain 
 
loss - CORRECT ANSWER reduction in asset value 
 
exposure - CORRECT ANSWER situation, practice or condition that MAY lead to a loss 
 
peril - CORRECT ANSWER cause of loss 
 
...
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CISR Elements of Risk Management (EORM) Lesson 1 Topics A & B Exam,100% CORRECT
- Exam (elaborations) • 4 pages • 2023
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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...
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