Insurance and Risk Management

A. Inland marine insurance B. Inland fish insurance C. Marine cargo insurance D. Marine hull insurance AnswerOption: C

A. Loading B. Claims management C. Underwriting D. Rate making AnswerOption: C

A. Liability loss exposure B. Crime loss exposure C. Human resource loss exposure D. Property loss exposure AnswerOption: A

A. Selective Decisions B. Objective Decision C. Deductible Decisions D. All of the above AnswerOption: C

A. Personnel Management B. Legal Advices C. Engineering Services D. Market Research AnswerOption: C

A. Measurable Loss B. Large Loss C. Catastrophic Hazards D. Determinable Loss AnswerOption: B

A. Business point of view B. Risk point of view C. Nature of insurance D. None of above AnswerOption: A

A. Doctrine of subrogation B. Subrogation is substitution C. Subrogation uptown the amount of payment D. Subrogation may be applied for payment AnswerOption: B

A. Risk Financing B. Risk Retention C. Risk Management D. Risk Transfer AnswerOption: A

A. The captive model B. The joint venture model C. The partnership model D. None of above AnswerOption: A

A. Banc-assurance B. Double Insurance C. Treaty Insurance D. Reinsurance AnswerOption: D

A. Risk Reduction B. Risk Retention C. Risk Avoidance D. Risk Transfer AnswerOption: C

A. Risk Reduction B. Risk Transfer C. Risk Avoidance D. Risk Retention Answer Option: C

A. Banc-assurance B. Reinsurance C. Double Insurance D. Treaty Insurance Answer Option: B

A. 1938 B. 1986 C. 1990 D. 1998 AnswerOption: A