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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Insurance Industry Overview | 10-15% | - Regulation and Legislation - Claims Handling - Insurance Market Structure |
| Topic 2: Risk and Insurance | 15-20% | - Nature of Risk - Risk Management Process - Insurable Risk - Risk Identification and Measurement |
| Topic 3: Liability Insurance | 15-20% | - Commercial General Liability (CGL) - General Liability Concepts - Professional Liability |
| Topic 4: Property Insurance | 15-20% | - Property Coverage Forms - Policy Conditions and Exclusions - Valuation and Coinsurance |
| Topic 5: Insurance Operations and Contracts | 20-25% | - Insurance Contract Basics - Policy Structure and Interpretation - Underwriting Process - Fundamental Principles of Insurance |
| Topic 6: Automobile Insurance | 15-20% | - Mandatory Coverage Requirements - Personal Automobile Coverage - Commercial Automobile Coverage |
Which type of clause grants additional protection to the entity that has a registered interest on real property?
Correct Answer: B 🗳️
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Which is a pre-loss objective of risk management for an organization?
Correct Answer: A 🗳️
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What does the Institute for Catastrophic Loss Reduction (ICLR) encourage?
Correct Answer: B 🗳️
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Jack is a first-time homeowner. How can he mitigate his risk?
Correct Answer: B 🗳️
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Insurer A and Insurer B cover the same building and the policies are NOT subject to contribution. The building sustains a loss of $450,000. How can the insured claim for their loss?
Correct Answer: C 🗳️
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