Cisr risk exam Study guides, Class notes & Summaries

CISR (Elements of Risk Management) EXAM QUESTIONS AND ANSWER LATEST UPDATED RATED A.

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...

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 RISK MANAGEMENT EXAM ACTUAL EXAM 200 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |AGRADE

TCOR - Total Cost of Risk Risk Management - the process of managing uncertainty of exposures that affect an organizations assets 5 steps of risk management process - Identification, analysis, control, financing and administration Six general classes of risk – 1. Economic 2. Legal 3. Political 4. Social 5. Physical 6. Juridical Four Logical Classifications of Exposures – A. Property B. Human Resources C. Liability D. Net Income Ways to identify risks - Checklists, surveys, fl...

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 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 - 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...