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  • Exam Number/Code : M05
  • Exam Name : Insurance law (IL) Exam
  • Questions and Answers : 260 Q&As
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M05

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NEW QUESTION: 1
A manufacturer wants to protect the company from financial loss resulting from third-party lawsuits. The manufacturer has learned of several recent jury awards over $7 million for product defects. The manufacturer currently has only $5 million in this type of coverage. The manufacturer has also learned that several automobile claims have been recently awarded against other company's cars in accidents over $1 million. The manufacturer has damaged his competition and the manufacturer wants to protect his company further than the current policy allows. What insurance coverage product will the manufacturer likely buy?
A. A surplus lines policy to protect against claims in surplus of the policy limits.
B. An umbrella policy to place a protective umbrella over existing coverage.
C. A floater policy to float coverage where needed.
D. A personal injury protection (PIP) policy to protect others from personal injury
Answer: B

NEW QUESTION: 2
What is a feature of the architecture of Informix?
A. Limited extensibility capabilities
B. Process-based with minimal use ofmultithreading
C. Fan-In and Fan-Out parallelism
D. Synchronous I/O for fast read-ahead
Answer: C

NEW QUESTION: 3
Gina has been asked to provide decision analysis for her solution scope.
Which one of the following best describes the decision analysis technique?
A. Forecasts the size of the investment required to deploy and operate the proposed solution.
B. Assessed to support benefit management, measurement, and reporting.
C. Used to assess potential risks that may impact the solution and the cost and benefits associated with it.
D. Cost-benefit analysis compares the cost of implementing a solution against the benefits gained. Financial analysis includes the use of financial models that estimate the market value of an organizational asset.
Answer: D

 

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