Loma 291 module 1 exam Study guides, Class notes & Summaries

LOMA 291 Module 1 Exam with correct Answers

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...

LOMA 291 Module 1 Exam Questions and Answers (verified Answers)

Stakeholders (consituents) - ANSWERA party that has an interest in how a company conducts its business. Also known as a constituent. Dividend - ANSWERCompensation that a company may pay to owners upon a vote by the company's board of directors. Stockholder - ANSWERWe stockholders expect the company to grow steadily. We expect to earn a reasonable return, sometimes in the form of dividends. Do you know what a dividend is? Sometimes the board of directors votes to make a payment to the stoc...

LOMA 291 Module 1 Lesson 1 Exam Questions and Answers

stakeholder - ANSWERA party that has an interest in how a company conducts its business. Also known as a constituent. dividend - ANSWERCompensation that a company may pay to owners upon a vote by the company's board of directors. financial professional - ANSWERIn insurance sales, any individual—including agents, bank-affiliated sales personnel, and brokers—who is licensed to sell insurance products, solicit sales, or negotiate insurance contracts. reinsurance - ANSWERInsurance that...