瑞达Rejda保险教学材料英文理解练习知识题03Word格式文档下载.docx

瑞达Rejda保险教学材料英文理解练习知识题03Word格式文档下载.docx

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C）lossavoidance.

D）peril.

B

3）AllofthefollowingareriskmanagementobjectivespriortotheoccurrenceoflossEXCEPT

A）analysisofthecostofdifferenttechniquesforhandlinglosses.

B）continuingoperationsafteraloss.

C）reductionofanxiety.

D）meetingexternallyimposedobligations.

4）Prelossobjectivesofriskmanagementincludewhichofthefollowing?

I.Preparingforpotentiallossesinthemosteconomicalway.

II.Reductionofanxiety.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

C

5）Ariskmanagerisconcernedwith

I.Identifyingpotentiallosses.

II.Selectingtheappropriatetechniquesfortreatinglosses.

6）SourcesofinformationthatcanbeusedbyariskmanagertoidentifypurelossexposuresincludeallofthefollowingEXCEPT

A）riskanalysisquestionnaires.

B）currencyexchangerates.

C）physicalinspections.

D）pastlosses.

7）Lossseverityisdefinedasthe

A）probablesizeofthelosseswhichmayoccurduringsomeperiod.

B）probablenumberoflosseswhichmayoccurduringsomeperiod.

C）probabilitythatanyparticularpieceofpropertymaybetotallydestroyed.

D）probabilitythataliabilityjudgmentmayexceedafirm'

snetworth.

8）Lossfrequencyisdefinedasthe

A）probablesizeofthelossesthatmayoccurduringsomeperiod.

B）probablenumberoflossesthatmayoccurduringsomeperiod.

9）Theworstlossthatcouldeverhappentoafirmisreferredtoasthe

A）maximumpossibleloss.

B）probablemaximumloss.

C）frequencyofloss.

D）severityofloss.

10）Theworstlossthatislikelytohappenisreferredtoasthe

11）AllofthefollowingstatementsaboutavoidancearetrueEXCEPT

A）Certainlossexposuresareneveracquired.

B）Certainlossexposuresmaybeabandoned.

C）Thechanceoflossforcertainlossexposuresmaybereducedtozero.

D）Itcanbeusedforanylossexposurefacingafirm.

D

12）Abandoninganexistinglossexposureisanexampleof

A）avoidance.

B）retention.

C）noninsurancetransfer.

D）insurancetransfer.

13）Whichofthefollowingconditionsis（are）appropriateforusingretention?

I.Lossesaredifficulttopredict.

II.Theworstpossiblelossisnotserious.

14）Whichofthefollowingstatementsregardingtheuseofretentionis（are）true?

I.Retentionisbestusedforlossexposuresthathavealowfrequencyandahighseverity.

II.Afinanciallystrongfirmcanhaveahigherretentionlevelthanafirmwhosefinancialpositionisweak.

15）AllofthefollowingstatementsaboutcaptiveinsurersaretrueEXCEPT

A）Theymayactasaprofitcenterbyinsuringpartiesotherthantheparentcompany.

B）Theyprovideawaytoobtaintypesofinsurancethatmaybeunavailablefromcommercialinsurers.

C）Theyincreasethevolatilityoftheparentcompany'

searnings.

D）Theymakeiteasierforafirmtohaveaccesstoreinsurance.

16）Whichofthefollowingstatementsaboutself-insuranceis（are）true?

I.Itisaformofplannedretention.

II.Statelawusuallyprohibitsitsuseforworkerscompensation.

17）AllofthefollowingarepotentialadvantagesofretentionEXCEPT

A）lowerexpenses.

B）increasedcashflow.

C）encouragementoflossprevention.

D）protectionfromcatastrophiclosses.

18）Arestaurantownerleasedameetingroomattherestauranttoasecondparty.Theleasespecifiedthatthesecondparty,nottherestaurantowner,wouldberesponsibleforanyliabilityarisingoutoftheuseofthemeetingroom,andthattherestaurantownerwouldbe"

heldharmless"

foranydamages.Therestaurantowner'

suseofthehold-harmlessagreementisanexampleof

A）retention.

B）self-insurance.

C）insurance.

D）noninsurancetransfer.

19）AllofthefollowingaredisadvantagesofnoninsurancetransfersEXCEPT

A）Thepartytowhomthepotentiallossistransferredmaybeunabletopay.

B）Thetransfermayfailbecausethecontractlanguageisambiguous.

C）Theonlypotentiallossesthatcanbetransferredarethosethatarenotcommerciallyinsurable.

D）Thenoninsurancetransfermaybecostly.

20）ABCInsuranceretainsthefirst$1millionofeachpropertydamagelossandpurchasesinsuranceforthatpartofanypropertylossthatexceeds$1million.Theinsuranceforpropertylossesabove$1millioniscalled

A）excessinsurance.

B）liabilityinsurance.

C）coinsurance.

D）primaryinsurance.

21）Whichofthefollowingstatementsabouttheuseofdeductiblesis（are）true?

I.Theyrepresentriskretentionbyinsurancepurchasers.

II.Theytendtoincreasethecostofadjustingsmallclaims.

22）Whichofthefollowingstatementsaboutanexcessinsuranceplanistrue?

A）Theinsurerdoesnotparticipateinalossuntilitexceedstheamountthefirmhasdecidedtoretain.

B）Theinsurerpaysfirstuptosomespecifiedlevel;

theinsuredthenpaysalllossesexceedingtheinsurer'

sretentionlevel.

C）Lossesinexcessofaspecifiedamountarenotcovered.

D）Theinsuredandinsurershareequallyinanylossthatoccurs.

23）Factorsariskmanagermustconsiderinselectinganinsurerincludewhichofthefollowing?

I.Theavailabilityofriskmanagementservices.

II.Thefinancialstrengthoftheinsurer.

24）Aninsurancepolicyspecificallywrittenanddesignedtomeettheneedsofaninsurancepurchaseriscalleda（n）

A）manuscriptpolicy.

B）bureaupolicy.

C）standardpolicy.

D）excesspolicy.

25）AllofthefollowingaredisadvantagesofusinginsuranceinariskmanagementprogramEXCEPT

A）Thereisanopportunitycostbecausepremiumsmustbepaidinadvance.

B）Considerabletimeandeffortmustbespentselectingandnegotiatingcoverages.

C）Itresultsinconsiderablefluctuationsinearningsafterlossesoccur.

D）Attitudestowardlosscontrolmaybecomelaxwhenlossesareinsured.

Revised

26）Whichofthefollowingtypesoflossexposuresmaybeappropriatelyhandledthroughthepurchaseofinsurance?

I.High-frequency,low-severity

II.Low-frequency,high-severity

27）Whichofthefollowingtypesoflossexposuresarebesthandledbytheuseofavoidance?

A）low-frequency,low-severity

B）low-frequency,high-severity

C）high-frequency,low-severity

D）high-frequency,high-severity

28）Low-frequency,low-severitylossexposuresarebesthandledby

29）AllofthefollowingstatementsabouttheadministrationofariskmanagementprogramaretrueEXCEPT

A）Theriskmanagerisanimportantpartofafirm'

smanagementteam.

B）Ariskmanagementpolicystatementcanbeusedtoeducatetopexecutivesabouttheriskmanagementprocess.

C）Ifariskmanagementprogramisproperlydesigned,periodicreviewoftheprogramisunnecessary.

D）Inordertoproperlyidentifylossexposures,theriskmanagerneedsthecooperationofotherdepartments.

30）CalwasjusthiredasXYZCompany'

sfirstriskmanager.Calwouldliketoemploytheriskmanagementprocess.ThefirststepintheprocessCalshouldfollowisto

A）evaluatepotentiallossesfacedbyXYZCompany.

B）formulateatreatmentplanforXYZCompany'

slossexposures.

C）identifypotentiallossesfacedbyXYZCompany.

D）implementandadministerariskmanagementplanforXYZCompany.

31）MembersofMid-SouthPetroleumDistributors,atradegroup,hadtroubleobtainingaffordabl