ISR3701 LATEST EXAM PACK 2025 [[DETAILED QUESTIONS AND ANSWERS]

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ISR3701 LATEST EXAM PACK



Q1
A strike in the mining industry in South Africa is a typical example of a
_________ risk.


a.
dynami
c


b.
particular


c. spec
ulative

d.
fundamental

Q2
In an insurance policy, the cancellation clause will be reflected under the
__________.


a.
operative clause
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b.
general conditions


c.
general exemptions


d. recit
al clause

Q3
An organisational chart may assist the risk manager in identifying
__________.

a.
key staff members


b.
possible bottlenecks in the production process


c.
supplier risks


d. process
type risks

Q4
Lloyd’s ___________.
a) has underwritten the voice of Bruce Springsteen

b) is not an insurance company

c) operates worldwide

d) invented the term underwriting Choose the correct combination:


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a.
a) b) c) d


b.
a) b) c


c.
a) c


d.
a) c) d

Q5
Examples of post-loss minimisation of losses include:
a) Hiring of security guards to protect premises after a fire.

b) Training in the use of dangerous substances.

c) Activation of sprinkler systems with the outbreak of a fire.

d) Fire drills.

Choose the correct combination:




a.
a) b) c

b.
a) c

c. b)
c) d


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