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Certified Insurance Service Representative (CISR) Tests Bundle Set
Certified Insurance Service Representative (CISR) Tests Bundle Set
[Show more]Certified Insurance Service Representative (CISR) Tests Bundle Set
[Show more]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 ...
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Add to cartProfessional 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 ...
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 fait...
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Add to cartWhich 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 fait...
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 Liabili...
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Add to cartLegal 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 Liabili...
What are ethics? CORRECT ANSWER-A discipline dealing with good and evil and with moral duty' A set of rules, based on a set of principles or values that we accept as truths and that govern our behavior 
 
What are the four benefits of ethical behavior? CORRECT ANSWER-to be recognized as knowledgeab...
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Add to cartWhat are ethics? CORRECT ANSWER-A discipline dealing with good and evil and with moral duty' A set of rules, based on a set of principles or values that we accept as truths and that govern our behavior 
 
What are the four benefits of ethical behavior? CORRECT ANSWER-to be recognized as knowledgeab...
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 CORREC...
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Add to cartA ____ 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 CORREC...
Real property is CORRECT ANSWER-comprised of buildings, structures and fixtures that are tangible. Real property can be seen. 
 
Give examples of Real Property CORRECT ANSWER-Land is real property, but it is generally not the subject of insurance. 
 
Buildings are real property. They have walls an...
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Add to cartReal property is CORRECT ANSWER-comprised of buildings, structures and fixtures that are tangible. Real property can be seen. 
 
Give examples of Real Property CORRECT ANSWER-Land is real property, but it is generally not the subject of insurance. 
 
Buildings are real property. They have walls an...
Real property is CORRECT ANSWER-comprised of buildings, structures and fixtures that are tangible. Real property can be seen. 
 
Give examples of Real Property CORRECT ANSWER-Land is real property, but it is generally not the subject of insurance. 
 
Buildings are real property. They have walls an...
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Add to cartReal property is CORRECT ANSWER-comprised of buildings, structures and fixtures that are tangible. Real property can be seen. 
 
Give examples of Real Property CORRECT ANSWER-Land is real property, but it is generally not the subject of insurance. 
 
Buildings are real property. They have walls an...
In BAP what does liability section provide protection from claims for? CORRECT ANSWER-Bodily Injury and Property Damage for which insured is legally responsible for. 
 
In BAP physical damage section what type of protection? CORRECT ANSWER-provides coverage for damage to or loss of an insured's cov...
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Add to cartIn BAP what does liability section provide protection from claims for? CORRECT ANSWER-Bodily Injury and Property Damage for which insured is legally responsible for. 
 
In BAP physical damage section what type of protection? CORRECT ANSWER-provides coverage for damage to or loss of an insured's cov...
Section I Property Coverages CORRECT ANSWER-The two major sections of the Homeowners policy are ___________________ & Section II Personal Liability 
 
Package Policy; a Residence CORRECT ANSWER-Combining these two sections provides a ______________________ used to insure loss exposures related to ow...
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Add to cartSection I Property Coverages CORRECT ANSWER-The two major sections of the Homeowners policy are ___________________ & Section II Personal Liability 
 
Package Policy; a Residence CORRECT ANSWER-Combining these two sections provides a ______________________ used to insure loss exposures related to ow...
Agency Characteristics CORRECT ANSWER-Number of Employees, Locations, Areas of Specialization, AMS used, Local, Regional, National, International Operations, Use of Service Centers. 
 
Small Agency CORRECT ANSWER-Require staff to fill multiple roles. 
 
Mid-Sized Agencies CORRECT ANSWER-Staff may be...
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Add to cartAgency Characteristics CORRECT ANSWER-Number of Employees, Locations, Areas of Specialization, AMS used, Local, Regional, National, International Operations, Use of Service Centers. 
 
Small Agency CORRECT ANSWER-Require staff to fill multiple roles. 
 
Mid-Sized Agencies CORRECT ANSWER-Staff may be...
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...
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Add to cartTCOR 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...
List the 3 Covered Causes of Loss Forms CORRECT ANSWER-Basic 
Broad 
Special 
 
Basic and Broad Forms operate on what peril basis? CORRECT ANSWER-Named Perils - Insured must prove that a covered cause of loss occurred 
 
What peril basis does a Special Form operate on? CORRECT ANSWER-Open Peril - In...
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Add to cartList the 3 Covered Causes of Loss Forms CORRECT ANSWER-Basic 
Broad 
Special 
 
Basic and Broad Forms operate on what peril basis? CORRECT ANSWER-Named Perils - Insured must prove that a covered cause of loss occurred 
 
What peril basis does a Special Form operate on? CORRECT ANSWER-Open Peril - In...
Identify the types of commercial property exposed to loss. CORRECT ANSWER-Real Property 
Personal Property 
Personal Property of others 
 
Real Property CORRECT ANSWER-comprised of buildings, structures and fixtures that are tangible. Real property can be seen. 
 
Real Property Examples CORRECT ANSW...
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Add to cartIdentify the types of commercial property exposed to loss. CORRECT ANSWER-Real Property 
Personal Property 
Personal Property of others 
 
Real Property CORRECT ANSWER-comprised of buildings, structures and fixtures that are tangible. Real property can be seen. 
 
Real Property Examples CORRECT ANSW...
Summary of Exposures covered by the CGL Coverage Form: CORRECT ANSWER-Premises 
Operations 
Products 
Completed Operations 
Contractual 
Contingent 
Personal Injury 
Advertising Injury 
+Vicarious Liability 
 
Exposures covered by the CGL - Vicarious Liability CORRECT ANSWER-CGL will afford coverage...
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Add to cartSummary of Exposures covered by the CGL Coverage Form: CORRECT ANSWER-Premises 
Operations 
Products 
Completed Operations 
Contractual 
Contingent 
Personal Injury 
Advertising Injury 
+Vicarious Liability 
 
Exposures covered by the CGL - Vicarious Liability CORRECT ANSWER-CGL will afford coverage...
3 Main Coverage Parts in the CGL Coverage Form, each with its own insuring agreement and exclusions. CORRECT ANSWER-1. Coverage A, 2. Coverage B, 3. Coverage C 
 
Coverage A in the CGL CORRECT ANSWER-Bodily Injury and Property Damage LIABILITY - 
protection for injuries and damage arising out of in...
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Add to cart3 Main Coverage Parts in the CGL Coverage Form, each with its own insuring agreement and exclusions. CORRECT ANSWER-1. Coverage A, 2. Coverage B, 3. Coverage C 
 
Coverage A in the CGL CORRECT ANSWER-Bodily Injury and Property Damage LIABILITY - 
protection for injuries and damage arising out of in...
real property CORRECT ANSWER-comprised of buildings, structures, and fixtures that are tangible, can be seen 
 
Land CORRECT ANSWER-real property, but is generally not the subject of insurance 
 
buildings CORRECT ANSWER-real property, have walls and a roof 
 
structures CORRECT ANSWER-any construct...
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Add to cartreal property CORRECT ANSWER-comprised of buildings, structures, and fixtures that are tangible, can be seen 
 
Land CORRECT ANSWER-real property, but is generally not the subject of insurance 
 
buildings CORRECT ANSWER-real property, have walls and a roof 
 
structures CORRECT ANSWER-any construct...
While reviewing several proposals for a quote for a life insurance policy for one of you clients, you also review the temporary insuring agreements. You notice that there are variations in the temporary insuring agreements between companies. Which of the following is NOT included in any of these agr...
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Add to cartWhile reviewing several proposals for a quote for a life insurance policy for one of you clients, you also review the temporary insuring agreements. You notice that there are variations in the temporary insuring agreements between companies. Which of the following is NOT included in any of these agr...
What is a trade? CORRECT ANSWER-Skilled manual or mechanical work. 
 
Examples: Painter, Carpenter, Electrician, etc. 
 
What is a profession? CORRECT ANSWER-A vocation requiring advanced education and training. 
 
Examples: Physician, Dentist, Attorney, Veterinarian, etc. 
 
What is an occupation...
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Add to cartWhat is a trade? CORRECT ANSWER-Skilled manual or mechanical work. 
 
Examples: Painter, Carpenter, Electrician, etc. 
 
What is a profession? CORRECT ANSWER-A vocation requiring advanced education and training. 
 
Examples: Physician, Dentist, Attorney, Veterinarian, etc. 
 
What is an occupation...
Four benefits of ethical behavior CORRECT 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 CO...
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Add to cartFour benefits of ethical behavior CORRECT 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 CO...
What does an agency gain by requiring their employees to behave ethically? CORRECT ANSWER-The agency can gain public trust and confidence, the ability to avoid government regulation, and increased credibility with all stakeholders. 
 
Identify two examples of actions that represent ethical breaches....
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Add to cartWhat does an agency gain by requiring their employees to behave ethically? CORRECT ANSWER-The agency can gain public trust and confidence, the ability to avoid government regulation, and increased credibility with all stakeholders. 
 
Identify two examples of actions that represent ethical breaches....
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 ...
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Add to cartThe 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 ...
CISR MISC REVIEW EXAM questions with correct answers
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Add to cartCISR MISC REVIEW EXAM questions with correct answers
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