Cisr risk Study guides, Class notes & Summaries

CISR - Elements of Risk Management Exam Questions With Verified Answers A ____ is a cause of loss - answerperil A situation, behavior, or condition that may lead to adverse financial consequences - answerexposure A cyberattack is an example of a ____ - answerperil An Insured who shows no regard for his insured property demonstrates a - answermorale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood that someone will fall - answerhazard A p...

CISR - Elements of Risk Management Exam Questions With Verified Answers A ____ is a cause of loss - answerperil A situation, behavior, or condition that may lead to adverse financial consequences - answerexposure A cyberattack is an example of a ____ - answerperil An Insured who shows no regard for his insured property demonstrates a - answermorale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood that someone will fall - answerhazard A p...

CISR - Elements of Risk Management Exam Questions and Answers 100% Pass A ____ is a cause of loss - Correct Answer ️️ -peril A situation, behavior, or condition that may lead to adverse financial consequences - Correct Answer ️️ -exposure A cyberattack is an example of a ____ - Correct Answer ️️ -peril An Insured who shows no regard for his insured property demonstrates a - Correct Answer ️️ -morale hazard A spill on a supermarket aisle is an example of a ____ because it ...

CISR Commercial Casualty I Lesson Exam 48 Questions with Answers 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 Liability, Absolute Liability Name ...

CISR Agency Operations and Answers(RATED A) Four benefits of ethical behavior - ANSWER a. To be recognized as knowledgeable insurance professionals within the community b. To gain public trust and confidence c. To avoid government regulation d. To enhance credibility with customers and companies Misrating & Misclassification - ANSWER Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses Common ethical issues - ANSWER Rating a veh...

CISR: Agency Operations Exam 100 Questions with Answers100% CORRECT 2023 Types of Stakeholders - Answer - managers and employees Customers insurers vendors industry associations government Transfer - Answer - Insurance: transfer of financial consequence to an insurance company Non Insurance: when a customer transfers financial consequences to another by contract or agreement Retention - Answer - Active: when a customer knows before the loss that they are responsible for all or pa...

CISR: Agency Operations| 100 Questions| ATypes of Stakeholders - ANSWER managers and employees customers insurers vendors industry associations government Transfer - ANSWER Insurance: transfer of financial consequence to an insurance company Non Insurance: when a customer transfers financial consequences to another by contract or agreement Retention - ANSWER Active: when a customer knows before the loss that they are responsible for all or part of the loss Passive: Whoops! when a c...

CISR Agency Operations Self Quiz Latest Update Graded A+ Which one of the following best describes actual authority? When 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? Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? thical behavior encourages governmental...

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...

A ____ is a cause of loss - correct answer peril A situation, behavior, or condition that may lead to adverse financial consequences - correct answer exposure A cyberattack is an example of a ____ - correct answer peril An Insured who shows no regard for his insured property demonstrates a - correct answer morale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood that someone will fall - correct answer hazard A passenger enters an elevator. ...