Cisr risk Study guides, Class notes & Summaries

CISR Risk Management - Questions / Answers

CISR Risk Management Exam 137 Questions with Answers TCOR - CORRECT ANSWER Total Cost of Risk Risk Management - CORRECT ANSWER the process of managing uncertainty of exposures that affect an organizations assets 5 steps of risk management process - CORRECT ANSWER Identification, analysis, control, financing and administration Six general classes of risk - CORRECT ANSWER 1. Economic 2. Legal 3. Political 4. Social 5. Physical 6. Juridical Four Logical Classifications of Expo...

CISR - Elements of Risk Management Exam 132 Questions with Answers 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...

CISR Risk Management - Questions / Answers

CISR ELEMENTS OF RISK MANAGEMENT EXAM 2023-2024 ACTUAL EXAM 150 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |AGRADE

CISR Agency Operations Self Quiz 50 Questions with Answers Which one of the following best describes actual authority? - CORRECT ANSWER 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? - CORRECT ANSWER Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - CORRE...

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

CISR Risk Management - Questions / Answers

CISR - Agency Operations Exam 65 Questions with Answers Professional - CORRECT ANSWER One engaged in an occupation requiring a high level of training and proficiency To be recognized as knowledgeable, gain public trust, avoid government regulation, enhance credibility - CORRECT ANSWER What are the benefits of being ethical? True - CORRECT ANSWER Is this example an ethical issue? Rating a vehicle using the wrong classification No - CORRECT ANSWER Are you allowed to sign for the insu...

eal property is - Answer-comprised of buildings, structures and fixtures that are tangible. Real property can be seen. Give examples of Real Property - Answer-Land is real property, but it is generally not the subject of insurance. Buildings are real property. They have walls and a roof. You can probably envision many types of buildings, ranging from a small one-story office to a skyscraper. Structures. A structure is any construction, including buildings. However, examples of structures t...