Question 1

What is a RMIS? How does a RMIS help the risk manager?

Accepted Answer

A RMIS is a computerized risk management

Question 2

Risk managers are concerned with policy limits and deductible size contained in insurance contracts because:

Accepted Answer

A) an increased deductible amount increases the policy's premium 
B) the policy limit and the deductible are the only determinants of whether the policy will pay the claim 
C) they determine how much of the exposure the insured retains and transfers 
D) premiums set by policy limit and deductible are not tax deductible whereas uninsured losses are deductible 
A) an increased deductible amount increases the policy's premium 
B) the policy limit and the deductible are the only determinants of whether the policy will pay the claim 
C) they determine how much of the exposure the insured retains and transfers 
D) premiums set by policy limit and deductible are not tax deductible whereas uninsured losses are deductible

Question 3

All RMIS systems are designed to record and analyze the same information regardless of the type and size of business.

Accepted Answer

A) True 
 B)False

Question 4

Explain what is meant by financial risk management?

Accepted Answer

Financial risk management deals with pro

What is a RMIS? How does a RMIS help the risk manager?

Risk managers are concerned with policy limits and deductible size contained in insurance contracts because:

All RMIS systems are designed to record and analyze the same information regardless of the type and size of business.

Explain what is meant by financial risk management?

Fundamentals and Terminology

Defining the Insurable Event

Risk Management

Financial Services Companies

Insurance Occupations

the Insurance Market: the Economic Problem

Insurance Regulation

Insurance Contracts

Basic Property and Liability Insurance Contracts

Homeowners Insurance

the Personal Auto Policy

Professional Financial Planning

Life Insurance Policies

Standard Life Insurance Contract Provisions And Options

Annuities

Medical Expense and Disability Insurance

Commercial Property Insurance

Commercial Liability Insurance

Bonding,Crime Insurance and Reinsurance

Employee Benefits

Social Security

Unemployment and Workers Compensation Insurance

Filters

Exam 17: Advanced Topics in Risk Management

What is a RMIS? How does a RMIS help the risk manager?

Risk managers are concerned with policy limits and deductible size contained in insurance contracts because:

All RMIS systems are designed to record and analyze the same information regardless of the type and size of business.

Explain what is meant by financial risk management?

Fundamentals and Terminology

Defining the Insurable Event

Risk Management

Financial Services Companies

Insurance Occupations

the Insurance Market: the Economic Problem

Insurance Regulation

Insurance Contracts

Basic Property and Liability Insurance Contracts

Homeowners Insurance

the Personal Auto Policy

Professional Financial Planning

Life Insurance Policies

Standard Life Insurance Contract Provisions And Options

Annuities

Medical Expense and Disability Insurance

Commercial Property Insurance

Commercial Liability Insurance

Bonding,Crime Insurance and Reinsurance

Employee Benefits

Social Security

Unemployment and Workers Compensation Insurance

Filters