RMIN 5100S Exam 3 - CH. 4 (Brown) Q & As (Verified Answers) 2026.

RMIN 5100S: Exam 3 - CH. 4 (Brown) Q &
As (Verified Answers) 2026
what are the categories of commercial loss exposures? -
Correct Answers ✅property loss, personnel loss, liability
loss, net income loss


property loss - Correct Answers ✅- tangible (real estate,
personal property)
- intangible (patent, copyright)


personnel loss - Correct Answers ✅death, disability,
retirement, of injury of employees


liability loss - Correct Answers ✅your responsibility for
bodily injury, property damage, or financial loss to someone
else


net income loss - Correct Answers ✅reduction in income
due to direct loss


crime - Correct Answers ✅legal wrong against society
punishable by fines, imprisonment, or death


civil wrong - Correct Answers ✅breach of duty owed to
others punishable by damages (money) or injunction

, RMIN 5100S: Exam 3 - CH. 4 (Brown) Q &
As (Verified Answers) 2026
torts - Correct Answers ✅negligence, intentional, strict
liability


contracts - Correct Answers ✅hold-harmless or indemnity
agreements, can be breached


statutes - Correct Answers ✅workers compensation, and
others


true - Correct Answers ✅T/F: most claims covered by
insurance policies are based on torts


negligence - Correct Answers ✅failure to exercise the
degree of care that a reasonable person in a similar situation
would exercise to avoid harming others


duty owed, breach of that duty, damage or injury, proximate
cause - Correct Answers ✅negligence is based on:


res ipsa loquitur - Correct Answers ✅"the thing speaks for
itself"


- could not have occurred without negligence
- defendant had exclusive control