MQi Risk Management portion Question
and answers already passed
What is the role of risk management? - correct answer To help reduce risk
and minimize loss
Name the three areas of loss control - correct answer Underwriting,
Conversions, Claims (Employee losses, DX and OX)
Areas of Potential Loss - correct answer Rentals (Embezzled/Accidents)
Receivables (Bills not paid)
People (Employee accidents)
Property
Product
Minimal Financial Responsibility - correct answer California Law stating that if
you are a non-negligent owner of a vehicle, you must provide some type of
financial responsibility to a 3rd party when an accident occurs
Minimum Financial Responsibility Amounts - correct answer 15/30/5
15k per person
30k per accident
5k for property damage
Certificate of Deposit #1875 - correct answer Certificate granting us to be
uninsured up to 35k covering every vehicle in group 32
, What is the minimum insurance amount required by law in CA that an owner
of a vehicle must carry - correct answer 15k
What is the maximum amount that a non-negligent owner of a vehicle will ever
be responsible to pay - correct answer 30k
Unlimited Liability Exposure - correct answer Since Enterprise is the owner
and operator of the vehicles in fleet, should anything go wrong, we are
exposed to an unlimited amount of money for damages
Who is financially responsible for employee losses - correct answer ERAC
False Arrest - correct answer When we fail to confirm that a recovered
conversion is off the hot sheet and the new renter is arrested
What two things need to happen before we can rent a vehicle that was a
conversion and has been recovered? - correct answer 1.Confirm that the
vehicle is no longer on the hot sheet
2. Wait 48 hours
Negligent Maintenance - correct answer When we knowingly or unknowingly
rent a car to a customer when something is mechanically wrong with it and
something happens
What are things to look for to avoid negligent maintenance situations? -
correct answer Recalls
LOFR's
Check Engine Lights
and answers already passed
What is the role of risk management? - correct answer To help reduce risk
and minimize loss
Name the three areas of loss control - correct answer Underwriting,
Conversions, Claims (Employee losses, DX and OX)
Areas of Potential Loss - correct answer Rentals (Embezzled/Accidents)
Receivables (Bills not paid)
People (Employee accidents)
Property
Product
Minimal Financial Responsibility - correct answer California Law stating that if
you are a non-negligent owner of a vehicle, you must provide some type of
financial responsibility to a 3rd party when an accident occurs
Minimum Financial Responsibility Amounts - correct answer 15/30/5
15k per person
30k per accident
5k for property damage
Certificate of Deposit #1875 - correct answer Certificate granting us to be
uninsured up to 35k covering every vehicle in group 32
, What is the minimum insurance amount required by law in CA that an owner
of a vehicle must carry - correct answer 15k
What is the maximum amount that a non-negligent owner of a vehicle will ever
be responsible to pay - correct answer 30k
Unlimited Liability Exposure - correct answer Since Enterprise is the owner
and operator of the vehicles in fleet, should anything go wrong, we are
exposed to an unlimited amount of money for damages
Who is financially responsible for employee losses - correct answer ERAC
False Arrest - correct answer When we fail to confirm that a recovered
conversion is off the hot sheet and the new renter is arrested
What two things need to happen before we can rent a vehicle that was a
conversion and has been recovered? - correct answer 1.Confirm that the
vehicle is no longer on the hot sheet
2. Wait 48 hours
Negligent Maintenance - correct answer When we knowingly or unknowingly
rent a car to a customer when something is mechanically wrong with it and
something happens
What are things to look for to avoid negligent maintenance situations? -
correct answer Recalls
LOFR's
Check Engine Lights
