Exam 2 Review - Test 2 - FINA 341 March 28, 2011 Chapter 3...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Test 2 - FINA 341 March 28, 2011 Chapter 3 Property Loss Exposures Real/Personal/Tangible/Intangible Direct vs. Indirect Losses Property Values Subject to Loss Liability Exposures What insurance contracts pay for as it relates to liabity exposures (BI, PD, PI, Legal) Torts Negligence - know all about it (basic law, defenses, framework) Contributory / Comparative Negligence Factors Leading to Higher Standards of Care Liability Exposures (Contractual, Employer/Employee, Property Owner/Tenant) Sources of Liability Operations Use of Products (Generally) Completed Operations (Generally) Professional Acts (Generally) Attractive Nuisance Chapter 5 Risk Management Process Risk Management Techniques Available Avoidance Loss Control Assumption of Risk Risk Transfer (Segregation of Exposure Units) Loss Prevention vs. Loss Reduction Theories of Loss Control (particularly know the Domino Theory0 Types of Loss Control Severity Reduction Separation Duplication Timing of Loss Control Accident Causation (Basic vs. Immediate Causes)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

Exam 2 Review - Test 2 - FINA 341 March 28, 2011 Chapter 3...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online