CMCA EXAM REAL ACTUAL TEST PAPER QUESTIONS CORRECT ANSWERS GRADED A
PLUS
CMCA EXAM Real Exam Questions and Answers
Verified Solutions Latest Update 2026/2027
Question:
Risk Management
Answer:
Identifying, assessing, responding to risk by reducing, removing, and insuring threats
Question:
Risk Inventory
Answer:
Contacts, resources, areas to inspect & keep record of
Question:
Immediate exposers to risk
Answer:
Severe weather, deficiencies, negligence
Question:
Speed of Response
Answer:
Authorization, information, money, equipment, personnel, schedule
Question:
Types of Exposure
Answer:
,Property, Net Income, Liability, Personnel
Question:
Property Exposures
Answer:
physical damages to property
Question:
Net Income exposures
Answer:
Unexpected increase in cost/money
Question:
Personnel Exposures
Answer:
death, retirement, resignation
Question:
Liability Exposures
Answer:
3rd party claims against association. (worker injured and suing ex)
Question:
Liability Insurance Coverages
Answer:
Bodily injury, property damage, personnel injury (said/did), advertising injury (written/published)
,Question:
D&O Insurance
Answer:
Wrongful acts by association/board, negligence, omission, monetary (devalued),
non-monetary(freedom)
Question:
Community Manager role in Risk Responsibility
Answer:
Identify, review, monitor risk, inform Board, oversee insurance.
Question:
Insurance Agent
Answer:
sells insurance, works for single carrier
Question:
Insurance broker
Answer:
Sells insurance, works with multiple carriers
Question:
Loss Frequency
Answer:
Number of times loss may occur
, Question:
Loss Severity
Answer:
expected $ loss from event.
Question:
Risk Control
Answer:
reduce or eliminate exposure
Question:
Risk Financing
Answer:
Options to cover $ of loss
Question:
Exposure avoidance
Answer:
eliminating chance of loss
Question:
Loss Prevention
Answer:
reducing likelihood of loss (training, inspections)
Question:
PLUS
CMCA EXAM Real Exam Questions and Answers
Verified Solutions Latest Update 2026/2027
Question:
Risk Management
Answer:
Identifying, assessing, responding to risk by reducing, removing, and insuring threats
Question:
Risk Inventory
Answer:
Contacts, resources, areas to inspect & keep record of
Question:
Immediate exposers to risk
Answer:
Severe weather, deficiencies, negligence
Question:
Speed of Response
Answer:
Authorization, information, money, equipment, personnel, schedule
Question:
Types of Exposure
Answer:
,Property, Net Income, Liability, Personnel
Question:
Property Exposures
Answer:
physical damages to property
Question:
Net Income exposures
Answer:
Unexpected increase in cost/money
Question:
Personnel Exposures
Answer:
death, retirement, resignation
Question:
Liability Exposures
Answer:
3rd party claims against association. (worker injured and suing ex)
Question:
Liability Insurance Coverages
Answer:
Bodily injury, property damage, personnel injury (said/did), advertising injury (written/published)
,Question:
D&O Insurance
Answer:
Wrongful acts by association/board, negligence, omission, monetary (devalued),
non-monetary(freedom)
Question:
Community Manager role in Risk Responsibility
Answer:
Identify, review, monitor risk, inform Board, oversee insurance.
Question:
Insurance Agent
Answer:
sells insurance, works for single carrier
Question:
Insurance broker
Answer:
Sells insurance, works with multiple carriers
Question:
Loss Frequency
Answer:
Number of times loss may occur
, Question:
Loss Severity
Answer:
expected $ loss from event.
Question:
Risk Control
Answer:
reduce or eliminate exposure
Question:
Risk Financing
Answer:
Options to cover $ of loss
Question:
Exposure avoidance
Answer:
eliminating chance of loss
Question:
Loss Prevention
Answer:
reducing likelihood of loss (training, inspections)
Question:
