©THESTAR 2024/2025 ALL RIGHTS RESERVED 11:08AM.
LOMA 291 Module 1 Exam Questions And
Answers |Latest 2025 | Guaranteed Pass.
Stakeholders (consituents) - Answer✔A party that has an interest in how a company conducts
its business. Also known as a constituent.
Dividend - Answer✔Compensation that a company may pay to owners upon a vote by the
company's board of directors.
Stockholder - Answer✔We stockholders expect the company to grow steadily. We expect to
earn a reasonable return, sometimes in the form of dividends. Do you know what a dividend is?
Sometimes the board of directors votes to make a payment to the stockholders. The payment is
called a dividend.
Policy owner - Answer✔Here are some factors I considered when I chose to buy a policy from
Forthright:
Good company reputation
Policy features
Reasonable charges
Financial strength
Customer service
Forthright provides my personal safety net because of their good reputation and policy
features. They charge me for reasonable expenses and they have the financial strength to be
around for the long haul to pay the policy benefits they promise me and my family. So far, I'm
pleased with my policy and the company's customer service.
financial professional - Answer✔In insurance sales, any individual—including agents, bank-
affiliated sales personnel, and brokers—who is licensed to sell insurance products, solicit sales,
or negotiate insurance contracts.
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, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 11:08AM.
Why do I place business with Forthright? Here are some reasons:
Forthright's products meet my clients' needs.
Forthright offers competitive compensation on the business I sell.
Its staff is top notch and provides fast and accurate support.
The company has good ratings, so I trust its ability to meet policy obligations in the future.
key stakeholders - Answer✔- stockholder
- policyowner
- financial professional
- employee
- reinsurer
- consultants/vendors
- borrowers
- regulators
- rating agencies
- associations
- trade associations
employee values - Answer✔I value the long-term employment.
I enjoy my coworkers.
I'm proud to work for a reputable company.
I appreciate the salary and benefits.
reinsurance - Answer✔Insurance that one insurance company, known as the direct writer,
purchases from another insurance company, known as the reinsurer, to transfer all or part of
the risk on insurance policies that the direct writer issued.
consultants/vendors example - Answer✔I'm a public accountant. I provide external audit
services to Forthright. Many vendors provide goods and services to Forthright.
Borrowers example - Answer✔I'm a real estate developer. To fund construction projects, I
borrow from Forthright Financial. Forthright lends money as one of its investments. They
expect to earn a return, so they keep a close eye on me.
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, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 11:08AM.
regulators example - Answer✔I conduct in-person examinations of insurance companies that
do business in my state. I make sure they comply with regulations and maintain fair business
practices.
rating agencies example - Answer✔I assign a grade to Forthright Financial and other companies.
The grade, called a rating, indicates my company's opinion of Forthright's overall health and
stability.
associations example - Answer✔As a Forthright actuary, I belong to several organizations that
set professional standards. Forthright employs many professionals—actuaries, accountants,
auditors, attorneys, underwriters, medical directors, and others. All of these groups have
professional associations.
Select each group which counts among an insurance company's stakeholders.
a. Financial professionals
b. Reinsurance companies
c. Employees
d. Trade associations
e. Owners of company stock
f. Policyowners - Answer✔All of them -
In each of the following questions, select the person who would most likely make each
statement about his or her interests as a stakeholder.
"My company provides backup to Forthright on paying its claims."
a. Policyowner
b. Stockholder
c. Employee
d. Reinsurer
e. Financial professional - Answer✔D.
In each of the following questions, select the person who would most likely make each
statement about his or her interests as a stakeholder.
3
LOMA 291 Module 1 Exam Questions And
Answers |Latest 2025 | Guaranteed Pass.
Stakeholders (consituents) - Answer✔A party that has an interest in how a company conducts
its business. Also known as a constituent.
Dividend - Answer✔Compensation that a company may pay to owners upon a vote by the
company's board of directors.
Stockholder - Answer✔We stockholders expect the company to grow steadily. We expect to
earn a reasonable return, sometimes in the form of dividends. Do you know what a dividend is?
Sometimes the board of directors votes to make a payment to the stockholders. The payment is
called a dividend.
Policy owner - Answer✔Here are some factors I considered when I chose to buy a policy from
Forthright:
Good company reputation
Policy features
Reasonable charges
Financial strength
Customer service
Forthright provides my personal safety net because of their good reputation and policy
features. They charge me for reasonable expenses and they have the financial strength to be
around for the long haul to pay the policy benefits they promise me and my family. So far, I'm
pleased with my policy and the company's customer service.
financial professional - Answer✔In insurance sales, any individual—including agents, bank-
affiliated sales personnel, and brokers—who is licensed to sell insurance products, solicit sales,
or negotiate insurance contracts.
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 11:08AM.
Why do I place business with Forthright? Here are some reasons:
Forthright's products meet my clients' needs.
Forthright offers competitive compensation on the business I sell.
Its staff is top notch and provides fast and accurate support.
The company has good ratings, so I trust its ability to meet policy obligations in the future.
key stakeholders - Answer✔- stockholder
- policyowner
- financial professional
- employee
- reinsurer
- consultants/vendors
- borrowers
- regulators
- rating agencies
- associations
- trade associations
employee values - Answer✔I value the long-term employment.
I enjoy my coworkers.
I'm proud to work for a reputable company.
I appreciate the salary and benefits.
reinsurance - Answer✔Insurance that one insurance company, known as the direct writer,
purchases from another insurance company, known as the reinsurer, to transfer all or part of
the risk on insurance policies that the direct writer issued.
consultants/vendors example - Answer✔I'm a public accountant. I provide external audit
services to Forthright. Many vendors provide goods and services to Forthright.
Borrowers example - Answer✔I'm a real estate developer. To fund construction projects, I
borrow from Forthright Financial. Forthright lends money as one of its investments. They
expect to earn a return, so they keep a close eye on me.
2
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 11:08AM.
regulators example - Answer✔I conduct in-person examinations of insurance companies that
do business in my state. I make sure they comply with regulations and maintain fair business
practices.
rating agencies example - Answer✔I assign a grade to Forthright Financial and other companies.
The grade, called a rating, indicates my company's opinion of Forthright's overall health and
stability.
associations example - Answer✔As a Forthright actuary, I belong to several organizations that
set professional standards. Forthright employs many professionals—actuaries, accountants,
auditors, attorneys, underwriters, medical directors, and others. All of these groups have
professional associations.
Select each group which counts among an insurance company's stakeholders.
a. Financial professionals
b. Reinsurance companies
c. Employees
d. Trade associations
e. Owners of company stock
f. Policyowners - Answer✔All of them -
In each of the following questions, select the person who would most likely make each
statement about his or her interests as a stakeholder.
"My company provides backup to Forthright on paying its claims."
a. Policyowner
b. Stockholder
c. Employee
d. Reinsurer
e. Financial professional - Answer✔D.
In each of the following questions, select the person who would most likely make each
statement about his or her interests as a stakeholder.
3
