Rmin 4000 exam 2 stuvia - Study guides, Class notes & Summaries

RMIN 4000 Exam 2 - UGA Daniel Brown Study Guide Solutions Updated 2024 Private insurance industry - ANSWER-US insurance industry employed 2.9m - closer to 3m now Insurers paid over $20 billion in premium taxes Major types of private insurers - ANSWER-Stock insurers Mutual insurers Mutual Insurers - ANSWER-Owned by policyholders Profits are distributed to policyholders through dividends or rate reductions Types of mutual insurers - ANSWER-Assessment mutual Advance premium mutual Fratern...

RMIN 4000 Exam 2 Questions and Answers 100% CorrectRMIN 4000 Exam 2 Questions and Answers 100% CorrectRMIN 4000 Exam 2 Questions and Answers 100% CorrectRMIN 4000 Exam 2 Questions and Answers 100% Correct Major Types of Private Insurers - ANSWER-Stock Insurers Mutual Insurers Lloyds of London Stock Insurer - ANSWER--A corporation owned by stockholders. -Objective is to earn profits for the stockholders by increasing stock and paying dividends. (Progressive, Allstate, Metlife, etc.) ...

Major Types of Private Insurers - ANSWER-Stock Insurers Mutual Insurers Lloyds of London Stock Insurer - ANSWER--A corporation owned by stockholders. -Objective is to earn profits for the stockholders by increasing stock and paying dividends. (Progressive, Allstate, Metlife, etc.) Mutual Insurer - ANSWER--a corporation owned by policyholders. -profits are distributed to policyholders by dividends or rate reductions. (statefarm, nationwide, liberty mutual) types of mutual insurer...

RMIN 4000 Edmunds Exam 2 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 2 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 2 Questions and Answers 100% VerifiedRMIN 4000 Edmunds Exam 2 Questions and Answers 100% Verified major types of private insurers - ANSWER-Stock, Mutual, and Lloyd's of London stock insurers - ANSWER-corporation owned by stockholders. objective is to earn profit for stockholders by increasing the value of the stock and paying dividends Mutual ins...

Major Types of Private Insurers - ANSWER-Stock Insurers Mutual Insurers Lloyds of London Stock Insurer - ANSWER--A corporation owned by stockholders. -Objective is to earn profits for the stockholders by increasing stock and paying dividends. (Progressive, Allstate, Metlife, etc.) Mutual Insurer - ANSWER--a corporation owned by policyholders. -profits are distributed to policyholders by dividends or rate reductions. (statefarm, nationwide, liberty mutual) types of mutual insurer...

major types of private insurers - ANSWER-Stock, Mutual, and Lloyd's of London stock insurers - ANSWER-corporation owned by stockholders. objective is to earn profit for stockholders by increasing the value of the stock and paying dividends Mutual insurers - ANSWER-a corporation owned by policyholders. profits are distributed to policyholders by dividends or rate reductions types of mutual insurers - ANSWER-advance premium mutual, assessment mutual, and fraternal insurer assessment ...

RMIN 4000 - Exam 1 Study Guide Solutions TRIA - ANSWER-Terrorism risk and insurance act (2002) what is TRIA? - ANSWER-A federal backstop for insurance claims related to terrorism ; has a trigger of $200M Exposures - ANSWER-things of value (assets) that could be lost (ex: car) Perils - ANSWER-things that could happen to these assets/ exposures Risk Management - ANSWER-how to protect these assets and/or prevent/ reduce loss Risk - ANSWER-A calculated probability of a negative outcome (has t...

RMIN 4000 Exam 2 Practice Questions and Answers 100% Pass It is possible to buy insurance for each of the following risks. Which one would likely involve the smallest risk charge? a) Nuclear disaster b) A firm's loss of reputation following a lawsuit c) Cyber attacks against a firm d) Loss of or damage to an individual's smartphone e) Theft of a priceless work of art - ANSWER-d) Loss of or damage to an individual's smartphone Commercial insurance policies covering cyber risk ha...