Rmi 2101 exam - Study guides, Class notes & Summaries

RMI 2101 topic 1 Exam Questions With Verified And Updated Answers Pure Risk - answerA risk where there is a loss or no loss Speculative Risk - answerA risk where there is a loss, gain or neither Static Risk - answerRisk where it does not really change significantly over time (ex: nature disaster ) Dynamic Risk - answerA risk that is new, emerging risk (ex: terrorism, privacy rights) Source of Pure risk - answer1. Human Capital 2. Ownership of financial or physical asset 3.Liabilities P...

RMI 2101 Exam Questions With Verified And Updated Answers Issues of employer provided healthcare benefits - answerHigh cost of health care -High cost of inflation compared to overall rate of inflation -High premiums for employers -High costs for governments High % of uninsured or underinsured patients -Access problem -45 million uninsured pre Obama Care Indemnity Plans - answerOld School Plan Covers room cost of hospital, surgeon's fees, and follow-up visits Gaps in Indemnity Plans -...

RMI 2101 Quiz 1 Exam Questions With Verified And Updated Answers Pure Risk - answer-A chance of loss or no loss, no chance of gain (fire, flood, death, sickness) Speculative Risk - answera chance of loss, no loss, or gain (gambling, buying stocks or homes) --BASIS FOR ENTERPRISE RISK MANAGEMENT Pure and Speculative Risk both involve - answeruncertainty Pure and Speculative Risk have different - answeroutcomes Static Risks - answerDoes not change much over time. EX) natural disasters, pe...

RMI 2101 Exam 1 McCloskey 2023

RMI 2101 Exam Questions With Verified And Updated Answers Issues of employer provided healthcare benefits - answerHigh cost of health care -High cost of inflation compared to overall rate of inflation -High premiums for employers -High costs for governments High % of uninsured or underinsured patients -Access problem -45 million uninsured pre Obama Care Indemnity Plans - answerOld School Plan Covers room cost of hospital, surgeon's fees, and follow-up visits Gaps in Indemnity Plans -...

RMI 2101 Quiz 1 Exam Questions With Verified And Updated Answers Pure Risk - answer-A chance of loss or no loss, no chance of gain (fire, flood, death, sickness) Speculative Risk - answera chance of loss, no loss, or gain (gambling, buying stocks or homes) --BASIS FOR ENTERPRISE RISK MANAGEMENT Pure and Speculative Risk both involve - answeruncertainty Pure and Speculative Risk have different - answeroutcomes Static Risks - answerDoes not change much over time. EX) natural disasters, pe...

RMI 2101 topic 1 Exam Questions With Verified And Updated Answers Pure Risk - answerA risk where there is a loss or no loss Speculative Risk - answerA risk where there is a loss, gain or neither Static Risk - answerRisk where it does not really change significantly over time (ex: nature disaster ) Dynamic Risk - answerA risk that is new, emerging risk (ex: terrorism, privacy rights) Source of Pure risk - answer1. Human Capital 2. Ownership of financial or physical asset 3.Liabilities P...

RMI 2101 Exam 1 (Temple University)presents

RMI 2101 Exam 3 Questions With Verified And Updated Answers Insurance Supply - answerInsurers are willing to sell insurance at a particular price. Pi - answerPrice of insurance Pi = P* + Risk Charge + Loading Pmax - answerthe most an individual will pay for insurance for a particular risk. Risks are insurarable if.. - answerPi < Pmax Why might Pi > Pmax? - answer- Pi is too high - risk charge is too high, loading costs are too high. - Pmax is too low - individuals underestimate th...

RMI 2101 Exam 1 Questions With Verified And Updated Answers Risk - answeris the uncertainty about future losses or outcomes Probability - answerlikelihood that an outcome or event will occur Pure Risk - answeris a chance of loss or no loss but no chance for gain; always undesirable Good Example of Pure Risk? - answerYou own a building, it will either burn or not burn, either way your financial responsibility remains constant. Pay the for the up keep of the building or suffer financial los...