RMIN 5100S Test 3 Brown Q & As
(Verified Answers) 2026
Categories of Commercial Loss Exposures - Correct
Answers ✅1. property loss
2. personnel loss
3. liability loss
4. net income loss
Property loss - Correct Answers ✅1. tangible (real estate,
personal property)
2. intangible (patent, copyright)
Personnel Loss - Correct Answers ✅death, disability,
retirement, injury of employees
liability loss - Correct Answers ✅your responsibility for
bodily injury, property damage, or financial loss to someone
else
Net Income Loss - Correct Answers ✅reduction in income
due to direct loss
Casualty - Correct Answers ✅liability
BI - Correct Answers ✅Bodily injury
,RMIN 5100S Test 3 Brown Q & As
(Verified Answers) 2026
PD - Correct Answers ✅property damage
plaintiff - Correct Answers ✅the person who is injured
defendant (tortfeasor) - Correct Answers ✅the alleged
wrongdoer
Legal Liability - Correct Answers ✅1. Crime
2. Civil Wrong
Crime - Correct Answers ✅legal wrong against society
punishable by fines, imprisonment, or death
civil wrong - Correct Answers ✅breach of duty owed to
others punishable by damages (money) or injunction
Can a single act constitute Both a civil wrong and a crime? -
Correct Answers ✅Yes
Bases for legal liability - Correct Answers ✅1. torts
2. contracts
3. statutes
Torts - Correct Answers ✅1. negligence
,RMIN 5100S Test 3 Brown Q & As
(Verified Answers) 2026
2. intentional torts
3. strict liability torts
contracts - Correct Answers ✅1. hold-harmless or
indemnity agreements
2. breach of contract
statutes - Correct Answers ✅1. workers compensation
2. other statutes
Most claims covered by insurance policies are based on torts.
However, commercial general liability (CGL) will also cover an
insured's liability assumed by contract. They may also cover
an accidental breach of statute - Correct Answers ✅TRUE
Tort - Negligence - Correct Answers ✅failure to exercise
the degree of care that a reasonable person in a similar
situation would exercise to avoid harming others
Negligence is based on: - Correct Answers ✅1. duty owed
2. breach of that duty
3. damage or injury
4. proximate cause
, RMIN 5100S Test 3 Brown Q & As
(Verified Answers) 2026
Tort: Res Ipsa Loquitur - Correct Answers ✅"The thing
speaks for itself"
Tort: Res Ipsa Loquitur Requirements: - Correct Answers
✅1. could not have occurred without negligence
2. defendant had exclusive control
3. injured party did not contribute
intentional tort - Correct Answers ✅committed by a person
who foresees (or should be able to foresee) that his/her act
will harm another person
Tort: Strict Liability - Correct Answers ✅liability imposed
even though the defendant acted neither negligently nor with
intent to harm
tort: strict liability is also referred to as: - Correct Answers
✅absolute liability
tort: strict liability examples - Correct Answers ✅1.
hazardous activities
2. animals
3. defective products
(Verified Answers) 2026
Categories of Commercial Loss Exposures - Correct
Answers ✅1. property loss
2. personnel loss
3. liability loss
4. net income loss
Property loss - Correct Answers ✅1. tangible (real estate,
personal property)
2. intangible (patent, copyright)
Personnel Loss - Correct Answers ✅death, disability,
retirement, injury of employees
liability loss - Correct Answers ✅your responsibility for
bodily injury, property damage, or financial loss to someone
else
Net Income Loss - Correct Answers ✅reduction in income
due to direct loss
Casualty - Correct Answers ✅liability
BI - Correct Answers ✅Bodily injury
,RMIN 5100S Test 3 Brown Q & As
(Verified Answers) 2026
PD - Correct Answers ✅property damage
plaintiff - Correct Answers ✅the person who is injured
defendant (tortfeasor) - Correct Answers ✅the alleged
wrongdoer
Legal Liability - Correct Answers ✅1. Crime
2. Civil Wrong
Crime - Correct Answers ✅legal wrong against society
punishable by fines, imprisonment, or death
civil wrong - Correct Answers ✅breach of duty owed to
others punishable by damages (money) or injunction
Can a single act constitute Both a civil wrong and a crime? -
Correct Answers ✅Yes
Bases for legal liability - Correct Answers ✅1. torts
2. contracts
3. statutes
Torts - Correct Answers ✅1. negligence
,RMIN 5100S Test 3 Brown Q & As
(Verified Answers) 2026
2. intentional torts
3. strict liability torts
contracts - Correct Answers ✅1. hold-harmless or
indemnity agreements
2. breach of contract
statutes - Correct Answers ✅1. workers compensation
2. other statutes
Most claims covered by insurance policies are based on torts.
However, commercial general liability (CGL) will also cover an
insured's liability assumed by contract. They may also cover
an accidental breach of statute - Correct Answers ✅TRUE
Tort - Negligence - Correct Answers ✅failure to exercise
the degree of care that a reasonable person in a similar
situation would exercise to avoid harming others
Negligence is based on: - Correct Answers ✅1. duty owed
2. breach of that duty
3. damage or injury
4. proximate cause
, RMIN 5100S Test 3 Brown Q & As
(Verified Answers) 2026
Tort: Res Ipsa Loquitur - Correct Answers ✅"The thing
speaks for itself"
Tort: Res Ipsa Loquitur Requirements: - Correct Answers
✅1. could not have occurred without negligence
2. defendant had exclusive control
3. injured party did not contribute
intentional tort - Correct Answers ✅committed by a person
who foresees (or should be able to foresee) that his/her act
will harm another person
Tort: Strict Liability - Correct Answers ✅liability imposed
even though the defendant acted neither negligently nor with
intent to harm
tort: strict liability is also referred to as: - Correct Answers
✅absolute liability
tort: strict liability examples - Correct Answers ✅1.
hazardous activities
2. animals
3. defective products
