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Review for the Second Exam

Review for the Second Exam. Describe Exam Review Major Topics Sample Exam. Second Exam When and Where?. Tuesday, April 15, 2008 10:00-11:20 am in this classroom. Second Exam. 20 Questions in Total Exam is Worth 30 Points. Some True/False or Multiple Choice

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Review for the Second Exam

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  1. Review for the Second Exam Describe Exam Review Major Topics Sample Exam

  2. Second ExamWhen and Where? Tuesday, April 15, 2008 10:00-11:20 am in this classroom

  3. Second Exam 20 Questions in Total Exam is Worth 30 Points. Some True/False or Multiple Choice Others Short Answer or Calculations Exam is Open Book, Open Note Bring Calculator (that you are familiar with using) and BPP, CGL and WC Policies

  4. Second Exam Covers Focus of exam: • Commercial Property Coverage • CGL • Excess and Umbrella Policies • Professional Liability • WC and Employers’ Liability • Insurance Regulation • Catastrophes and Insurance Securitization Some questions on: • Material prior to first exam • Overview of Insurance Operations • Underwriting • Marketing and Distribution Systems • Ratemaking and Loss Reserving • Reinsurance

  5. Study Tips Review Homework Assignments (especially 3-5) Review Class Projects Do not memorize material, but know where it is located, if you need to look it up Have organized notes

  6. Pre-exam Office Hours Steve D’Arcy 311 Wohlers Thursday, 4/10 2-3:30 pm Bill Schneider 104 Surveying Building Thursday, 4/10 3-5 pm Monday, 4/14 11 am – 1 pm

  7. Question 1 A) True B) False C) Not enough information to determine D) None of the above

  8. Question 2 A) True B) False C) Not enough information to determine D) None of the above

  9. Question 3 A) True B) False C) Not enough information to determine D) None of the above

  10. Question 4 A) True B) False C) Not enough information to determine D) None of the above

  11. Question 5 A. Punitive damages B. Strict liability C. Bad faith D. Vicarious liability E. Interference with employment

  12. Question 6 A. Allen B. Fred C. Sally D. None of them would be covered

  13. Question 7 A. Indemnity B. Parametric C. PCS D. Modeled loss E. None of the above

  14. Question 8Excess Liability Policy will pay in total how much? A) 0 B) $0.5 million C) $1 million D) $3 million E) None of the above

  15. Question 9 A) Net income B) Size of store C) Types of animals sold D) Record of past CGL losses with other insurers E) All of the above

  16. Question 10 A) 0 B) $50,000 C) $60,000 D) $100,000 E) None of the above

  17. Question 11 A) 0 B) $25,000 C) $1,000,000 D) $1,200,000 E) None of the above

  18. Question 12 A) 0 B) $25,000 C) $500,000 D) $1,000,000 E) None of the above

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