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

Stock Insurer - correct answer Corporation owned by Stockholders (earn profit for stockholders by increasing the value of the stock and paying dividends). Mutual Insurer - correct answer Corporation owned by Policyholders (profits are distributed to policyholders by dividends or rate reductions). Advance Premium Mutual Assessment Mutual Fraternal Insurer Lloyd's of London - correct answer Specialized lines of business. Brokers - correct answer represent policyholders to arrang...

RMIN 4000 Test 1 Brown UGA Exam Questions and Answers | 100% Pass!! Exposures -Answer-things of value (assets) that could be lost Perils -Answer-things that cause injury or loss risk -Answer-a calculated possibility of a negative outcome Frequency -Answer-the number of losses (such as fire or theft) that occur within a specified time period. aka the probability of a loss Severity -Answer-the dollar amount of a loss for a specific peril (fire, theft, collision) aka How much does it cost w...

Major Types of Private Insurers -:- Stock Insurers Mutual Insurers Lloyds of London stock insurer -:- a corporation owned by stockholders objective is to earn profit for stockholders by increasing dividends mutual insurer -:- a corporation owned by the policyholders profits are distributed to policy holders by dividends or rate reductions 2 | P a g e | G r a d e A + | 2 0 2 4 / 2 0 2 5 Excel! 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain types of...

RMIN 4000 Exam 2 - UGA Daniel Brown 2024 Solution Guide Graded A