RMIN CHAPTERS 11-13 FINAL EXAM
STUDY 2025 QUESTIONS AND ANSWERS
All EXCEPT which of the following is considered a commercial property exposure?
a
Contents of your residential home
b
Business income
c
Damage to a commercial vehicle
d
Intellectual property - ANS a- Contents of your residential home
Workers compensation is commonly categorized as either
a
A property exposure or a liability exposure
b
A property exposure or public entity risk
c
A liability exposure or a group benefits exposure
d
A public entity risk or a group benefits exposure - ANS c- A liability exposure or a group
benefits exposure
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,Which of the following is a group benefit (not including Social Security benefits) that some
employers are required, by law, to provide to their employees?
a
Life insurance
b
Health insurance
c
Retirement annuities
d
Disability insurance - ANS b- Health insurance
Insurance that covers the "city hall" building would fall under what common categorization of
insurance?
a
Metropolitan insurance
b
Government insurance
c
State insurance
d
Public insurance - ANS d- Public insurance
Which types of insurers make up the majority of insurers in the US?
a
Stock and mutual
b
Stock and Lloyd's of London
c
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, Mutual and Reciprocal
d
Mutual and Lloyd's of London - ANS a- Stock and mutual
One type of insurer involves members pooling their premiums to jointly insure each other?
Which type of insurer best fits this description?
a
Stock insurers
b
Mutual insurers
c
Reciprocals
d
Lloyd's of London - ANS c- Reciprocals
Sometimes insurers will covert from one organizational form to another in order to get access
to capital. From what form to what other form with they sometimes convert?
a
From a reciprocal to a mutual
b
From a stock to a mutual
c
From a mutual to a stock
d
From a reciprocal to a Lloyd's syndicat - ANS c- From a mutual to a stock
Which of the following makes up the most (in number) of the top 10 writers of property and
casualty insurance in 2019?
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STUDY 2025 QUESTIONS AND ANSWERS
All EXCEPT which of the following is considered a commercial property exposure?
a
Contents of your residential home
b
Business income
c
Damage to a commercial vehicle
d
Intellectual property - ANS a- Contents of your residential home
Workers compensation is commonly categorized as either
a
A property exposure or a liability exposure
b
A property exposure or public entity risk
c
A liability exposure or a group benefits exposure
d
A public entity risk or a group benefits exposure - ANS c- A liability exposure or a group
benefits exposure
Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 1
,Which of the following is a group benefit (not including Social Security benefits) that some
employers are required, by law, to provide to their employees?
a
Life insurance
b
Health insurance
c
Retirement annuities
d
Disability insurance - ANS b- Health insurance
Insurance that covers the "city hall" building would fall under what common categorization of
insurance?
a
Metropolitan insurance
b
Government insurance
c
State insurance
d
Public insurance - ANS d- Public insurance
Which types of insurers make up the majority of insurers in the US?
a
Stock and mutual
b
Stock and Lloyd's of London
c
Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 2
, Mutual and Reciprocal
d
Mutual and Lloyd's of London - ANS a- Stock and mutual
One type of insurer involves members pooling their premiums to jointly insure each other?
Which type of insurer best fits this description?
a
Stock insurers
b
Mutual insurers
c
Reciprocals
d
Lloyd's of London - ANS c- Reciprocals
Sometimes insurers will covert from one organizational form to another in order to get access
to capital. From what form to what other form with they sometimes convert?
a
From a reciprocal to a mutual
b
From a stock to a mutual
c
From a mutual to a stock
d
From a reciprocal to a Lloyd's syndicat - ANS c- From a mutual to a stock
Which of the following makes up the most (in number) of the top 10 writers of property and
casualty insurance in 2019?
Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 3
