RPLU 23 - Privacy and Data Security Insurance - Chapter 5 Exam Study Guide.
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RPLU
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RPLU
RPLU 23 - Privacy and Data Security
Insurance - Chapter 5 Exam Study Guide.
4 common underwriting factors - answer1. Type of company
2. Data characteristics
3. Revenue
4. Individual Risk Factors
An underwriting distinction that classifies professions into specified rating groups that have sim...
RPLU 23 - Privacy and Data Security
Insurance - Chapter 5 Exam Study Guide.
4 common underwriting factors - answer✔1. Type of company
2. Data characteristics
3. Revenue
4. Individual Risk Factors
An underwriting distinction that classifies professions into specified rating groups that have similar
exposures, for the purpose of rating the risks. - answer✔Hazard group
5 main data characteristics - answer✔1. Volume and Type of Data
2. Sensitivity of Data
3. Location of Data
4. Revenue
5. Individual Risk Factors
How much data could be compromised if a security or privacy breach were to occur. The greater the
volume of data, the larger the number of individuals or entities that could be affected by the breach. -
answer✔Volume and Type of Data helps determine this
3 types of data should an underwriter consider - answer✔1. Stored data
2. Transmitted data
3. Processed data
Most common type of data. Can be in databases, filing cabinets, on laptops, on removable media, such
as flash drives. Kept for an extended period of time and are most likely to result in a breach. -
answer✔Stored Data
Data that are temporarily in the insured's possession purely for the purpose of being sent elsewhere.
Not stored by the insured. - answer✔Transmitted Data
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