RMI 3567 Study guides, Class notes & Summaries
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RMI 3567 Bundled Exams Questions and Answers 100% Verified and Updated | Graded A+
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RMI 3567 Bundled Exams Questions and Answers 100% Verified and Updated | Graded A+
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International Risk (RMI 3567) Final Exam Questions and Answers
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International Risk (RMI 3567) Final Exam 
Questions and Answers 
Design Defect* - Correct Answer ️️ -A flaw or deficiency in the design of a product that 
makes it unreasonably dangerous to users. Can result in product liability where 
manufacturers/designers may be held responsible for injuries or damages caused by 
the defective design. 
Manufacturing Defect* - Correct Answer ️️ -A defect that occurs during the 
manufacturing process, causing a product to deviate from its intended desi...
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RMI 3567 EXAM reinsurance/insurance ppt #1 Questions and Answers 100% Verified
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RMI 3567 EXAM reinsurance/insurance ppt #1 
Questions and Answers 100% Verified 
which countries have low penetration rates? - Correct Answer ️️ -bangladesh 
pakistan 
What are capital markets - Correct Answer ️️ -markets for buying and selling equity 
and debt securities. 
Medium and LT investment horizons 
facilitates buying and selling financial instruments 
primary and secondary 
what is a short term market example? - Correct Answer ️️ -money market accounts 
who are suppliers of...
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RMI 3567 Exam 2 Questions and Answers 100% Correct
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What was the old public insurance model? what is it now? - Correct Answer ️️ -Old: 
government becomes the insurer 
New: government only intervenes if there is a problem, "crowds in" markets 
What are 3 models for insuring terrorism risk? - Correct Answer ️️ -1. public insurance 
2. public reinsurance 
3. risk pool 
What country utilized the risk pool terrorism insurance model? - Correct Answer ️️ - 
Netherlands 
What country utilized the public insurance terrorism insurance model?...
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Exam 4 RMI 3567 Questions and Answers 100% Correct
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Exam 4 RMI 3567 Questions and Answers 100% Correct 
conventional insurance - Correct Answer ️️ -considered haram as it contractually 
contains haram elements: riba, gharar, maysir 
riba - Correct Answer ️️ -no equality between premiums paid and compensation 
received 
riba - Correct Answer ️️ -"interest" / usury 
gharar - Correct Answer ️️ -subject matter of the contract is not certain / uncertainty 
maysir - Correct Answer ️️ -Policyholders are held to be betting premiums ...
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RMI 3567 Exam 3 Questions with 100% Correct
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RMI 3567 Exam 3 Questions with 100% Correct 
Name four examples of alternative capital - Correct Answer ️️ -Pension Plan 
Endowments 
Hedge Funds 
Alt. Asset Manager 
what is it called when a reinsurer transfers risk to another reinsurer? - Correct Answer ️️ 
-Retrocession 
who is the reinsurer who the additional risk is ceded to? - Correct Answer ️️ - 
Retrocessionaire 
Who is the primary or reinsurer who transfers the risk? - Correct Answer ️️ -cedent 
Where are the top insuran...
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RMI 3567 Exam 1 Questions and Answers 100% Verified
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RMI 3567 Exam 1 Questions and 
Answers 100% Verified 
FX Swap - Correct Answer ️️ --Combines a spot transaction with the benefits of a 
forward contract 
-One currency is swapped for another (usually a spot transaction) and swapped back 
(via a forward contract) to the original currency at a future date 
-Example: go to Europe and exchange USD to EUR and when you come back home 
you exchange your remaining EUR back to USED 
FX Vehicle Currency - Correct Answer ️️ -Usually a third party c...
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RMI 3567 Exam 3 Questions with 100% Correct
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RMI 3567 Exam 3 Questions with 100% Correct 
Name four examples of alternative capital - Correct Answer ️️ -Pension Plan 
Endowments 
Hedge Funds 
Alt. Asset Manager 
what is it called when a reinsurer transfers risk to another reinsurer? - Correct Answer ️️ 
-Retrocession 
who is the reinsurer who the additional risk is ceded to? - Correct Answer ️️ - 
Retrocessionaire 
Who is the primary or reinsurer who transfers the risk? - Correct Answer ️️ -cedent 
Where are the top insuran...
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Exam 4 RMI 3567 Questions and Answers 100% Correct
- Exam (elaborations) • 20 pages • 2024
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Exam 4 RMI 3567 Questions and Answers 100% Correct 
conventional insurance - Correct Answer ️️ -considered haram as it contractually 
contains haram elements: riba, gharar, maysir 
riba - Correct Answer ️️ -no equality between premiums paid and compensation 
received 
riba - Correct Answer ️️ -"interest" / usury 
gharar - Correct Answer ️️ -subject matter of the contract is not certain / uncertainty 
maysir - Correct Answer ️️ -Policyholders are held to be betting premiums ...
-
International Risk (RMI 3567) Final Exam Questions and Answers
- Exam (elaborations) • 8 pages • 2024
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- $12.49
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International Risk (RMI 3567) Final Exam 
Questions and Answers 
Design Defect* - Correct Answer ️️ -A flaw or deficiency in the design of a product that 
makes it unreasonably dangerous to users. Can result in product liability where 
manufacturers/designers may be held responsible for injuries or damages caused by 
the defective design. 
Manufacturing Defect* - Correct Answer ️️ -A defect that occurs during the 
manufacturing process, causing a product to deviate from its intended desi...
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