Speculative an - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Speculative an? On this page you'll find 3477 study documents about Speculative an.
Page 4 out of 3.477 results
Sort by
-
A.R.M. 400 Exam Practice Correct 100%
- Exam (elaborations) • 48 pages • 2023
-
- $12.99
- 1x sold
- + learn more
When communicating a decision up the organization's chain of command, consulting with outside experts can help a risk management professional do which one of the following? 
A. Seek feedback from stakeholders 
B. Stay focused on the organization's objectives 
C. Define the organization's risk appetite 
D. Enhance stakeholders' confidence in the process - ANSWERSD 
 
Which of the following risk management program goals is an essential goal for all public entities? 
A. Earning stability 
B. Co...
-
California Life PSI Site - Life, Accident and Health Agent Examination (Life Agent) Questions and Answers (2022/2023) (Verified Answers)
- Exam (elaborations) • 34 pages • 2023
-
- $9.99
- 1x sold
- + learn more
California Life PSI Site - Life, Accident and Health Agent Examination (Life Agent) Questions and Answers (2022/2023) (Verified Answers) 
Admitted Insurance Company vs. Non-Admitted Insurance Company - (Correct Answer) An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) 
 
A non-admitted insurance company is not authorized to transact insurance in California because of fa...
-
RSK2601 MCQ EXAM PACK 2024
- Exam (elaborations) • 183 pages • 2023
-
- $2.70
- 43x sold
- + learn more
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...
-
Michigan Property & Casualty Exam 2023/2024 with Complete Solutions
- Exam (elaborations) • 23 pages • 2023
-
Available in package deal
-
- $12.99
- 2x sold
- + learn more
Indemnity - ANSWER-a payment for damages or loss 
 
Risk - ANSWER-Uncertainty or chance of loss occurring 
 
Pure Risk - ANSWER-Presents the chance of loss with no opportunity for gain 
 
Speculative Risk - ANSWER-Presents the chance of loss with an opportunity to gain (Like Gambling) 
 
Exposure - ANSWER-a unit of measurement used to determine rates charged for insurance coverages. 
 
Hazards - ANSWER-Conditions or situations that increase the probability of an insured loss occurring. 
 
Peril ...
-
FINN 3623 Exam 1 Terms (Nelson Driver) || All Questions & Solutions (Rated A+)
- Exam (elaborations) • 5 pages • 2024
-
Available in package deal
-
- $8.49
- 1x sold
- + learn more
FINN 3623 Exam 1 Terms (Nelson Driver) || All Questions & Solutions (Rated A+) 
FINN 3623 Exam 1 Terms (Nelson Driver) || All Questions & Solutions (Rated A+) 
 
Risk - ANSWER - The uncertainty of an outcome 
-Can be positive or negative 
 
Pure Risk - ANSWER - The chance of having a loss or chance of not having a loss (When insurance companies write a policy, the only policy they take under consideration) 
 
Subjective Risk - ANSWER - Attitude toward risk (Also known as your level of risk toler...
Too much month left at the end of the money?
-
Texas Property & Casualty Insurance License Exam With Accurate Answers 2023
- Exam (elaborations) • 7 pages • 2023
-
Available in package deal
-
- $8.49
- 3x sold
- + learn more
Texas Property & Casualty Insurance License Exam with Accurate Answers 2023 
 
In order to be considered legally binding, an insurance contract must include all of the following - Offer and acceptance. 
Competent parties. 
Consideration 
(The four essential elements of all legal contracts are offer and acceptance, consideration, legal purpose, and competent parties.) 
 
With respect to a bonded contractor who defaults on a construction performance contract, which of the following statements is...
-
Iowa Crop Insurance Exam All Answers Correct
- Exam (elaborations) • 3 pages • 2024
-
Available in package deal
-
- $9.99
- 1x sold
- + learn more
Iowa Crop Insurance Exam All Answers Correct 
Insurable Interest 
Economic stake in which a loss would result in financial hardship 
Risk 
uncertainly or chance of loss 
Brainpower 
Read More 
Two types of risk 
Pure and Speculative 
Pure Risk 
involves only the possibility of loss or no loss 
Speculative Risk 
Chance of loss or gain 
What type if risk does insurance deal with? 
Pure Risk 
Hazard 
condition that creates or increases the probability of a loss 
Physical hazard exa...
-
LOMA 281 Module 1 (100% Correct Answers) 2024.
- Exam (elaborations) • 6 pages • 2023
-
Available in package deal
-
- $10.79
- 1x sold
- + learn more
Risk correct answers the possibility of an unexpected result. 
 
Premium correct answers A specified amount of money an insurer charges in exchange for its agreement to pay a policy benefit when a specific loss occurs. 
 
Insurance company correct answers A company that provides protection against the risk of financial loss caused by specific events. 
 
Life insurance correct answers A type of insurance under which the insurer promises to pay a death benefit upon the death of a named person. 
 
...
-
CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024
- Exam (elaborations) • 22 pages • 2023
-
Available in package deal
-
- $12.99
- 1x sold
- + learn more
CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024 
CA PSI Site - Life, Accident and Health 
Agent Examination (Life Agent)| Questions 
and Answers, 100% Correct| Latest 
2023/2024 
Admitted Insurance Company vs. Non-Admitted Insurance Company 
An admitted insurance company is authorized to transact insurance in California 
because it has a Certificate of Authority granted by the California Department of 
Insurance (...
-
Life & Health Insurance Exam (Answered) With Complete Solution 100% Rated
- Exam (elaborations) • 32 pages • 2024
-
- $16.79
- 1x sold
- + learn more
Life & Health Insurance Exam (Answered) With Complete Solution 100% Rated 
 
Insurance 
transfer of risk 
Speculative risk 
has a possibility of both loss and gain 
Pure risk 
only has a possibility of loss (no gain) 
Exposure 
risks for which an insurance company would be liable 
 
expressed in units 
Peril 
cause of a loss 
Hazard 
an increase in the chance of loss 
Moral hazard 
arise from people's character (faking a loss) 
Morale hazard 
state of mind or careless attitude (accidentally lea...
$6.50 for your textbook summary multiplied by 100 fellow students... Do the math: that's a lot of money! Don't be a thief of your own wallet and start uploading yours now. Discover all about earning on Stuvia