CISR TEST PAPER 2026 STUDY GUIDE
REVIEW
◉ List of Assets. Answer: A checklist best suited for property and
physical assets.
◉ Activity or situation list. Answer: Best suited for liability and
human assets
◉ Perils Analysis. Answer: Commonly used to identify the potential
cause of loss from human, economic, and natural perils
◉ Insurance checklist. Answer: Used to determine the feasibility of
contractual transfer
◉ Industry list. Answer: Checklist specific to certain operation or
industry and is generally tailored to specific assets, activities, perils,
and insurable exposures commonly found in that industry or
operation
◉ physical inspections. Answer: Conducted by informal visits to
critical sites.
, ◉ Avoid, Prevent, Reduce, Segregate, Transfer. Answer: What are the
ways to control risk?
◉ active retention. Answer: When the customer knows before the
loss that they are financially responsible for all or some of the loss
◉ passive retention. Answer: when the customer finds out after a
loss that they are financially responsible for the loss
◉ Stock or mutual companies. Answer: Insurance companies can be
formed as what two things?
◉ independent agent. Answer: They represent and work with
various insurance companies having the ability to compare, offer
and sell policies from companies they represent
◉ Captive agent. Answer: They work only for one insurance
company and therefore are limited to only selling policies for that
company
◉ direct writer sytem. Answer: What is another name for a captive
agent?
REVIEW
◉ List of Assets. Answer: A checklist best suited for property and
physical assets.
◉ Activity or situation list. Answer: Best suited for liability and
human assets
◉ Perils Analysis. Answer: Commonly used to identify the potential
cause of loss from human, economic, and natural perils
◉ Insurance checklist. Answer: Used to determine the feasibility of
contractual transfer
◉ Industry list. Answer: Checklist specific to certain operation or
industry and is generally tailored to specific assets, activities, perils,
and insurable exposures commonly found in that industry or
operation
◉ physical inspections. Answer: Conducted by informal visits to
critical sites.
, ◉ Avoid, Prevent, Reduce, Segregate, Transfer. Answer: What are the
ways to control risk?
◉ active retention. Answer: When the customer knows before the
loss that they are financially responsible for all or some of the loss
◉ passive retention. Answer: when the customer finds out after a
loss that they are financially responsible for the loss
◉ Stock or mutual companies. Answer: Insurance companies can be
formed as what two things?
◉ independent agent. Answer: They represent and work with
various insurance companies having the ability to compare, offer
and sell policies from companies they represent
◉ Captive agent. Answer: They work only for one insurance
company and therefore are limited to only selling policies for that
company
◉ direct writer sytem. Answer: What is another name for a captive
agent?
