Rmi 300 final - Study guides, Class notes & Summaries

RMI 300 Final Exam 2022 with all the correct answers

RMI 300 Final Exam UPDATED Exam Questions and CORRECT Answers What are the different parts of an insurance contract? - CORRECT ANSWER- 1. Declarations page 2. Insuring agreement 3. Exclusions 4. Conditions 5. Attachments What are the different parts in the declarations page? - CORRECT ANSWER- 1. Exposure information 2. Insurer and policy information

RMI 300 Final Exam UPDATED ACTUAL Exam Questions and CORRECT Answers What are the 3 ways a company decides who takes on what risks? - CORRECT ANSWER- -Better Opportunity to pool -Better way to use loss control incentives -Who has the benefit in taxes Prevention - CORRECT ANSWER- Any measure that lessens the probability (frequency) of loss but does not eliminate it

RMI 300 Final Exam ACTUAL Exam Questions and CORRECT Answers Framing- How to mitigate the Bias - CORRECT ANSWER- is the way we define the decision to be made. Think of a picture frame, which is a lens through which we see the situation. Some qualities are inside and some outside. -Restate/reframe the issue before making a decision. -Work towards neutral representations. -Recognize the influence of gains versus losses; most effective concessions are those that reduce the opponents los...

RMI 300 Final Exam | With complete solution 2024/25 | Rated A+

RMI 300 Final Exam 2023 with all the correct answers| Graded A+

RMI 300 Final Exam 2023 with all the correct answers| Graded A+

RMI 300 Final Exam 2023 with all the correct answers| Graded A+

RMI 300 Final Exam 2023 with all the correct answers| Graded A+

RMI 300 Final Exam 2023 with all the correct answers| Graded A+