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RMIN2005 Final Exam Questions and Answers Graded A+

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RMIN2005 Final Exam Questions and Answers Graded A+

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RMIN 2005

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Institution: RMIN 2005
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Uploaded on: November 25, 2025
Number of pages: 4
Written in: 2025/2026
Type: Exam (elaborations)
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rmin2005 final exam questions and answers graded a

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RMIN2005 Final Exam Questions and
Answers Graded A+

Contents of home - Correct answer-All of the following are examples of

commercial property except

Liabilities or group benefits exposure - Correct answer-Worker's compensation is

considered

Involuntary - Correct answer-If you drive you must purchase auto liability

Access to immediate capital - Correct answer-Sometimes mutual companies

convert to stock companies. Why?

Mutual - Correct answer-Have to sell more policies for more capital

Reciprocal - Correct answer-Type of insurance that involves members pooling their

premiums together

False - Correct answer-Lloyd's of London is insurance company

They are the Lloyd's investors - Correct answer-All of the following are true about

Lloyd's agents except

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