Ribo entry level 1 exam Study guides, Class notes & Summaries

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RIBO ENTRY LEVEL 1 EXAM WITH QUESTIONS AND ANSWERS
  • RIBO ENTRY LEVEL 1 EXAM WITH QUESTIONS AND ANSWERS

  • Exam (elaborations) • 19 pages • 2024
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RIBO: ENTRY LEVEL 1 Exam Prep Latest Version 2024/2025 Expert-Verified Q&As
  • RIBO: ENTRY LEVEL 1 Exam Prep Latest Version 2024/2025 Expert-Verified Q&As

  • Exam (elaborations) • 15 pages • 2024
  • 10 Included ONT. automobiles in OAP #1 (PT BMS RAT LC) - Private passenger vehicle Trucks Buses Motorcycle Snowmobiles Recreational vehicle (RV) All-Terrain Vehicles (ATV) Trailers Leased Vehicles Commercial Vehicles 2% Waiver - Pay loss in full (LOSS) 3 Ways risk (management) is dealt with? - REDUCE: preventative measures ASSUME/RETAIN: Self-insure TRANSFER: purchase insurance
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RIBO: ENTRY LEVEL 1 TOP EXAM  QUESTIONS &ANSWERS 2024
  • RIBO: ENTRY LEVEL 1 TOP EXAM QUESTIONS &ANSWERS 2024

  • Exam (elaborations) • 16 pages • 2024
  • Risk - Chance of a loss Which type of risk is insured and why? - Pure risk, because speculative risk is comparable to gambling. 3 Ways risk (management) is dealt with? - REDUCE: preventative measures ASSUME/RETAIN: Self-insure TRANSFER: purchase insurance Which of the following is not a risk? A) Assume or retain risk B) Reduce the risk C) Doing nothing / avoiding the risk D) Transfer the risk - C) Doing nothing / avoiding the risk Insurer - Insurance company Stock Insurance company...
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