Loma 291 Study guides, Class notes & Summaries

LOMA 291 Exam Questions and Answers

LOMA 291 Module 2 Exam with complete solutions

LOMA 291 Module 3 Exam Questions and Answers

LOMA 291 Module 1 Exam with correct Answers

LOMA 291 Exam with Complete Solutions 100% Pass Market conduct examination - Answer-A formal investigation of an insurer by one or more state insurance departments of an insurer's nonfinancial operations to determine whether those operations comply w applicable laws and regulations Comprehensive examination - Answer-A full scope examination of all nonfinancial aspects of an insurer's operations conducted by a state insurance department Target examination - Answer-A limited scope market...

LOMA 291 Module 3 Exam Questions and Answers All Correct A comprehensive examination typically examines all nonfinancial aspects of an insurer's operations. a. True b. False - Answer-A. - This statement is true. A target examination, on the other hand, is a limited-scope market conduct examination of one or more specific areas of an insurer's nonfinancial operations. Most market conduct examinations today are target examinations. a. True b. False - Answer-a. - This statement is true....

LOMA 291 Module 2 Exam Questions and Answers All Correct What are the total proceeds payable to the beneficiary? A. $201,700 B. $202,500 C. $205,700 - Answer-B. - The correct amount is $202,500.$100,000 basic death benefit+ 300 premium paid in advance+ 5,000 paid-up additional coverage+ 400 declared but unpaid policy dividend+100,000 accidental death benefit$205,700 subtotal- 3,000 outstanding policy loan- 200 policy loan interest$202,500 proceeds payable When Mickey Evans dies, his li...

LOMA 291 Module 1 Exam with Correct Answers Updated Regulators and rating agencies expect an insurer to have an ERM program - Answer-When evaluating a company, they review The quality and effectiveness of the company's ERM program The risks the company faces Its strategies for managing risks The following statements pertain to enterprise risk management in a typical financial services company. Select each correct statement. a. ERM targets not only risks that threaten a company's viabil...