Eric is scheduling a meeting with his team. His team is comprised of some people in
the office and some working remotely. Eric would like to discuss a handful of results
shown on a graph, discuss some bullet points, and show a 10-minute video. Which one
of the following should Eric consider to prepare for the meeting?
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Make sure to mute those joining remotely to start the meeting
Which one of the following statements is true regarding operational risk?
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, Operational risk is integrated in every activity of an organization
In remodeling the primary office location, Phil, who is a partner in his family's
construction business, found asbestos in the attic of the building. He is concerned not
only about the current tear-out exposure but is also aware that asbestos may have
resulted in unidentified harm. In the "quadrants of risk," Phil's concern about the
asbestos most likely falls into which one of the following quadrants of risk?
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Hazards risk
An employee benefit plan fiduciary has a duty of loyalty, meaning that
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The fiduciary's actions must be solely in the best interests of the plan and
all of its participants and beneficiaries
Delmond Insurance Company's executive staff has identified problems stemming
from some of the company's key divisions such as human resources and
administration. A SWOT (strengths, weaknesses, opportunities, and threats) analysis
reveals that the situation is a result of lack of managerial depth and talent. Under
which one of the following parts of the SWOT analysis would this situation be
identified?
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, Weaknesses
Which one of the following has been an insurance industry response to the
Coronavirus pandemic
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Issue auto premium rebates to insureds
Wesley Graham of New Wave Insurance Solutions offers personalized and specialized
insurance options to various types of companies. His firm provides inland marine
insurance to many commercial customers to help insure their companies have options
and the most innovative ways to cover various situations and risks. Which of the
following would be true of New Wave's coverages that it offers?
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Jewelers and fine arts dealers can be adequately covered using a dealers
policy
Jack and Jill recently purchased a new home for themselves and their 3 children. They
have decorated their home with high quality furniture and art work. They would like to
insure the house and its contents with the broadest coverage available, and also have
coverage for loss of use and liability exposures. Which one of the following
homeowners policy forms would be most appropriate for Jack and Jill?
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, HO - 5 Form
All of these fictitious situations could conceivably be applicable examples of the
dual-capacity doctrine, EXCEPT:
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Madelyn works for Greenway Furniture, and Madelyn sues the company in
its capacity as her employer
"The contractor agrees to indemnify and hold harmless the owner against claims,
damages, bodily injury, or property damage arising out of the contractor's work and
caused by any act of omission of the contractor, his agents, and his employees." This is
an example of which one of the following forms of a hold-harmless agreement?
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Limited form
An exculpatory clause is
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A contractual provision that relieves one party from liability resulting from a
negligent or wrongful act
the office and some working remotely. Eric would like to discuss a handful of results
shown on a graph, discuss some bullet points, and show a 10-minute video. Which one
of the following should Eric consider to prepare for the meeting?
Give this one a try later!
Make sure to mute those joining remotely to start the meeting
Which one of the following statements is true regarding operational risk?
Give this one a try later!
, Operational risk is integrated in every activity of an organization
In remodeling the primary office location, Phil, who is a partner in his family's
construction business, found asbestos in the attic of the building. He is concerned not
only about the current tear-out exposure but is also aware that asbestos may have
resulted in unidentified harm. In the "quadrants of risk," Phil's concern about the
asbestos most likely falls into which one of the following quadrants of risk?
Give this one a try later!
Hazards risk
An employee benefit plan fiduciary has a duty of loyalty, meaning that
Give this one a try later!
The fiduciary's actions must be solely in the best interests of the plan and
all of its participants and beneficiaries
Delmond Insurance Company's executive staff has identified problems stemming
from some of the company's key divisions such as human resources and
administration. A SWOT (strengths, weaknesses, opportunities, and threats) analysis
reveals that the situation is a result of lack of managerial depth and talent. Under
which one of the following parts of the SWOT analysis would this situation be
identified?
Give this one a try later!
, Weaknesses
Which one of the following has been an insurance industry response to the
Coronavirus pandemic
Give this one a try later!
Issue auto premium rebates to insureds
Wesley Graham of New Wave Insurance Solutions offers personalized and specialized
insurance options to various types of companies. His firm provides inland marine
insurance to many commercial customers to help insure their companies have options
and the most innovative ways to cover various situations and risks. Which of the
following would be true of New Wave's coverages that it offers?
Give this one a try later!
Jewelers and fine arts dealers can be adequately covered using a dealers
policy
Jack and Jill recently purchased a new home for themselves and their 3 children. They
have decorated their home with high quality furniture and art work. They would like to
insure the house and its contents with the broadest coverage available, and also have
coverage for loss of use and liability exposures. Which one of the following
homeowners policy forms would be most appropriate for Jack and Jill?
Give this one a try later!
, HO - 5 Form
All of these fictitious situations could conceivably be applicable examples of the
dual-capacity doctrine, EXCEPT:
Give this one a try later!
Madelyn works for Greenway Furniture, and Madelyn sues the company in
its capacity as her employer
"The contractor agrees to indemnify and hold harmless the owner against claims,
damages, bodily injury, or property damage arising out of the contractor's work and
caused by any act of omission of the contractor, his agents, and his employees." This is
an example of which one of the following forms of a hold-harmless agreement?
Give this one a try later!
Limited form
An exculpatory clause is
Give this one a try later!
A contractual provision that relieves one party from liability resulting from a
negligent or wrongful act
