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Latest 2023 Syllabus Topics Included
Updated : 08-Jun-2023
QA : 110
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PRMIA 8004 Exam Dumps - Valid Questions Answers

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8004 Questions and Answers

Question # 1

TMFI's internal procedures and management were


fully aware of the uninsured risks Fortress Re were taking


absolutely unaware of their uninsured liabilities


aware that they had some uninsured liabilities but thought they had enough capital to withstand any uninsured losses


None of the above

Question # 2

John Smith wants to run for election to the Board of Directors of PRMIA. To be nominated, he needs:


The backing of three other members


To go through a screening process conducted by the Nominations Committee


The backing of 6% of local members


The backing of five other members and to be serving on at least one PRMIA Committee

Question # 3

The Fortress Re accounting risk transfer procedures


made it straightforward for TFMI to determine whether risk had actually been transferred and they decided not to take out more catastrophe insurance cover


made it difficult for TFMI to determine whether risk had actually been transferred so they had to take out additional catastrophe insurance cover


made it straightforward for TFMI to determine when the risk had been transferred and to take out additional catastrophe insurance cover


made it difficult for TFMI to determine whether risk had actually been transferred and whether it had sufficient catastrophe insurance cover

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