1
LOMA 291 MODULE 1 STUDY GUIDE QUESTIONS
AND CORRECT ANSWERS 2025 GRADED A+ LATEST
GUIDE.
Stakeholders (consituents) - (answers)A party that has an interest in how a
company conducts its business. Also known as a constituent.
Dividend - (answers)Compensation that a company may pay to owners upon a
vote by the company's board of directors.
Stockholder - (answers)We stockholders expect the company to grow steadily.
We expect to earn a reasonable return, sometimes in the form of dividends. Do
you know what a dividend is? Sometimes the board of directors votes to make a
payment to the stockholders. The payment is called a dividend.
Policy owner - (answers)Here are some factors I considered when I chose to buy a
policy from Forthright:
Good company reputation
Policy features
Reasonable charges
Financial strength
Customer service
Forthright provides my personal safety net because of their good reputation and
policy features. They charge me for reasonable expenses and they have the
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financial strength to be around for the long haul to pay the policy benefits they
promise me and my family. So far, I'm pleased with my policy and the company's
customer service.
financial professional - (answers)In insurance sales, any individual—including
agents, bank-affiliated sales personnel, and brokers—who is licensed to sell
insurance products, solicit sales, or negotiate insurance contracts.
Why do I place business with Forthright? Here are some reasons:
Forthright's products meet my clients' needs.
Forthright offers competitive compensation on the business I sell.
Its staff is top notch and provides fast and accurate support.
The company has good ratings, so I trust its ability to meet policy obligations in
the future.
key stakeholders - (answers)- stockholder
- policyowner
- financial professional
- employee
- reinsurer
- consultants/vendors
- borrowers
, 3
- regulators
- rating agencies
- associations
- trade associations
employee values - (answers)I value the long-term employment.
I enjoy my coworkers.
I'm proud to work for a reputable company.
I appreciate the salary and benefits.
reinsurance - (answers)Insurance that one insurance company, known as the
direct writer, purchases from another insurance company, known as the
reinsurer, to transfer all or part of the risk on insurance policies that the direct
writer issued.
consultants/vendors example - (answers)I'm a public accountant. I provide
external audit services to Forthright. Many vendors provide goods and services to
Forthright.
Borrowers example - (answers)I'm a real estate developer. To fund construction
projects, I borrow from Forthright Financial. Forthright lends money as one of its
investments. They expect to earn a return, so they keep a close eye on me.
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regulators example - (answers)I conduct in-person examinations of insurance
companies that do business in my state. I make sure they comply with regulations
and maintain fair business practices.
rating agencies example - (answers)I assign a grade to Forthright Financial and
other companies. The grade, called a rating, indicates my company's opinion of
Forthright's overall health and stability.
associations example - (answers)As a Forthright actuary, I belong to several
organizations that set professional standards. Forthright employs many
professionals—actuaries, accountants, auditors, attorneys, underwriters, medical
directors, and others. All of these groups have professional associations.
Select each group which counts among an insurance company's stakeholders.
a. Financial professionals
b. Reinsurance companies
c. Employees
d. Trade associations
e. Owners of company stock
f. Policyowners - (answers)All of them -
In each of the following questions, select the person who would most likely make
each statement about his or her interests as a stakeholder.
LOMA 291 MODULE 1 STUDY GUIDE QUESTIONS
AND CORRECT ANSWERS 2025 GRADED A+ LATEST
GUIDE.
Stakeholders (consituents) - (answers)A party that has an interest in how a
company conducts its business. Also known as a constituent.
Dividend - (answers)Compensation that a company may pay to owners upon a
vote by the company's board of directors.
Stockholder - (answers)We stockholders expect the company to grow steadily.
We expect to earn a reasonable return, sometimes in the form of dividends. Do
you know what a dividend is? Sometimes the board of directors votes to make a
payment to the stockholders. The payment is called a dividend.
Policy owner - (answers)Here are some factors I considered when I chose to buy a
policy from Forthright:
Good company reputation
Policy features
Reasonable charges
Financial strength
Customer service
Forthright provides my personal safety net because of their good reputation and
policy features. They charge me for reasonable expenses and they have the
, 2
financial strength to be around for the long haul to pay the policy benefits they
promise me and my family. So far, I'm pleased with my policy and the company's
customer service.
financial professional - (answers)In insurance sales, any individual—including
agents, bank-affiliated sales personnel, and brokers—who is licensed to sell
insurance products, solicit sales, or negotiate insurance contracts.
Why do I place business with Forthright? Here are some reasons:
Forthright's products meet my clients' needs.
Forthright offers competitive compensation on the business I sell.
Its staff is top notch and provides fast and accurate support.
The company has good ratings, so I trust its ability to meet policy obligations in
the future.
key stakeholders - (answers)- stockholder
- policyowner
- financial professional
- employee
- reinsurer
- consultants/vendors
- borrowers
, 3
- regulators
- rating agencies
- associations
- trade associations
employee values - (answers)I value the long-term employment.
I enjoy my coworkers.
I'm proud to work for a reputable company.
I appreciate the salary and benefits.
reinsurance - (answers)Insurance that one insurance company, known as the
direct writer, purchases from another insurance company, known as the
reinsurer, to transfer all or part of the risk on insurance policies that the direct
writer issued.
consultants/vendors example - (answers)I'm a public accountant. I provide
external audit services to Forthright. Many vendors provide goods and services to
Forthright.
Borrowers example - (answers)I'm a real estate developer. To fund construction
projects, I borrow from Forthright Financial. Forthright lends money as one of its
investments. They expect to earn a return, so they keep a close eye on me.
, 4
regulators example - (answers)I conduct in-person examinations of insurance
companies that do business in my state. I make sure they comply with regulations
and maintain fair business practices.
rating agencies example - (answers)I assign a grade to Forthright Financial and
other companies. The grade, called a rating, indicates my company's opinion of
Forthright's overall health and stability.
associations example - (answers)As a Forthright actuary, I belong to several
organizations that set professional standards. Forthright employs many
professionals—actuaries, accountants, auditors, attorneys, underwriters, medical
directors, and others. All of these groups have professional associations.
Select each group which counts among an insurance company's stakeholders.
a. Financial professionals
b. Reinsurance companies
c. Employees
d. Trade associations
e. Owners of company stock
f. Policyowners - (answers)All of them -
In each of the following questions, select the person who would most likely make
each statement about his or her interests as a stakeholder.
