CISR AGENCY OPERATIONS EXAM
2025 | ALL QUESTIONS AND
CORRECT ANSWERS | GRADED A+
| LATEST EXAM | VERIFIED
ANSWERS | JUST RELEASED
Save
Terms in this set (100)
managers and employees
customers
Types of insurers
Stakeholders vendors
industry associations
government
, Insurance: transfer of financial
consequence to an insurance
company
Transfer
Non Insurance: when a customer
transfers financial consequences to
another by contract or agreement
Active: when a customer knows
before the loss that they are
responsible for all or part of the loss
Retention
Passive: Whoops! when a client finds
out after a loss occurs that they are
responsible
What is NOT one Ethical behavior encourages
of the four governmental action
benefits of
ethical
behavior?
Describe the loyalty
standard of care good faith
an insurance reasonable care
agency owes to contractual duty
an insurance
company
,Describe actual when the agency is expressly given
authority the authority in the agency contract
Oral or written agreements between
Describe a two parties that creates an
contract obligation to do or not do a
particular thing
To be recognized as a
knowledgeable insurance
What are the
professional within the community
four benefits of
To gain public trust and confidence
ethical
To avoid government regulation
behavior?
To enhance credibility with
customers and companies
Risk Identification
What is the risk Risk analysis
management Risk control
process? Risk finance
Risk administration
, Risk identification: identify the
customers exposure to loss
Risk analysis: determine frequency
or severity of the exposure. How
much could a loss actually cost the
customer
Explain the five Risk control: understand what
steps of risk methods can be implemented to
management eliminate or reduce cost associated
with exposure
Risk finance: fund losses by user
either internal or external dollars
Risk administration: Implement and
monitor the customers risk
management program
People who have the potential to be
affected by any action taken by an
Stakeholders organization. Any group or
individual who is affected by the
achievements of a firm's objectives
2025 | ALL QUESTIONS AND
CORRECT ANSWERS | GRADED A+
| LATEST EXAM | VERIFIED
ANSWERS | JUST RELEASED
Save
Terms in this set (100)
managers and employees
customers
Types of insurers
Stakeholders vendors
industry associations
government
, Insurance: transfer of financial
consequence to an insurance
company
Transfer
Non Insurance: when a customer
transfers financial consequences to
another by contract or agreement
Active: when a customer knows
before the loss that they are
responsible for all or part of the loss
Retention
Passive: Whoops! when a client finds
out after a loss occurs that they are
responsible
What is NOT one Ethical behavior encourages
of the four governmental action
benefits of
ethical
behavior?
Describe the loyalty
standard of care good faith
an insurance reasonable care
agency owes to contractual duty
an insurance
company
,Describe actual when the agency is expressly given
authority the authority in the agency contract
Oral or written agreements between
Describe a two parties that creates an
contract obligation to do or not do a
particular thing
To be recognized as a
knowledgeable insurance
What are the
professional within the community
four benefits of
To gain public trust and confidence
ethical
To avoid government regulation
behavior?
To enhance credibility with
customers and companies
Risk Identification
What is the risk Risk analysis
management Risk control
process? Risk finance
Risk administration
, Risk identification: identify the
customers exposure to loss
Risk analysis: determine frequency
or severity of the exposure. How
much could a loss actually cost the
customer
Explain the five Risk control: understand what
steps of risk methods can be implemented to
management eliminate or reduce cost associated
with exposure
Risk finance: fund losses by user
either internal or external dollars
Risk administration: Implement and
monitor the customers risk
management program
People who have the potential to be
affected by any action taken by an
Stakeholders organization. Any group or
individual who is affected by the
achievements of a firm's objectives
