Rmin 4000 exam 1 - Study guides, Class notes & Summaries

RMIN 4000 FINAL EXAM BROWN UNIVERSITY ACTUAL QUESTIONS AND ANSWERS Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those vehicles. What was Lannister's collision loss frequency in 2019? -Correct Answer-0.08 (16k/200k) Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those vehicles. What was Lannister's...

RMIN 4000 Exam 1 Latest 2024 Graded A Textbook definition of RISK Ans- Uncertainty concerning the occurrence of a loss Better definition of RISK Ans- A calculated possibility of a negative outcome

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RMIN 4000 Exam 1 Brown Questions and Answers 100% Accurate RMIN 4000 Exam 1 Brown Questions and Answers 100% Accurate RMIN 4000 Exam 1 Brown Questions and Answers 100% Accurate Textbook definition of RISK - ANSWER-Uncertainty concerning the occurrence of a loss Better definition of RISK - ANSWER-A calculated possibility of a negative outcome Calculated Possibility - ANSWER-0 = Impossible event (NO RISK)

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RMIN 4000 Ragin Exam 1 Questions and Answers 100% CorrectRMIN 4000 Ragin Exam 1 Questions and Answers 100% CorrectRMIN 4000 Ragin Exam 1 Questions and Answers 100% CorrectRMIN 4000 Ragin Exam 1 Questions and Answers 100% Correct worker's compensation - ANSWER-employee injuries can have compensation in a percentage of lost wages, medical payment/care, death benefits, and body part payments Terrorism Risk & Insurance Act (2002) - ANSWER-federal backstop for terrorism losses where the gov't p...

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