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PRMIA 8009 Exam With Confidence Using Practice Dumps

Exam Code:
8009
Exam Name:
Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
Certification:
Vendor:
Questions:
110
Last Updated:
Mar 9, 2025
Exam Status:
Stable
PRMIA 8009

8009: PRM Certification Exam 2025 Study Guide Pdf and Test Engine

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Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Questions and Answers

Question 1

Taisei Fire and Marine Insurance Co

Options:

A.

relied almost entirely on Fortress Re's management team for information on the risks in its portfolio

B.

relied on the information it received from other members of the reinsurance pool to manage its risks

C.

had a full understanding from Fortress Re of the risks in the pool

D.

had a full understanding from other members of the pool of the pool's liabilities

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Question 2

The Fortress Re finite reinsurance model

Options:

A.

allowed Fortress to claim re-insurance claims payments from the finite reinsurers and paid premiums to cover these deals over a 5 year period, and as the risks were spread out over time the annual premiums were accounted for as current liabilities on the books of the pool members, giving a true impression of profitability

B.

allowed Fortress to claim re-insurance claims payments from the finite reinsurers and paid annual premiums to cover these policies, and as the risks were spread out over the year the annual premiums were accounted for as current liabilities on the books of the pool members, giving a true impression of profitability

C.

allowed Fortress to claim re-insurance claims payments from the finite reinsurers and paid premiums to cover these deals over a 5 year period, and as the risks were spread out over time the future premiums were accounted for as current liabilities on the books of the pool members, giving a true impression of profitability

D.

allowed Fortress to claim re-insurance claims payments from the finite reinsurers and paid premiums to cover these deals over a 5 year period, but as the risks were spread out over time the future premiums were not accounted for as current liabilities on the books of the pool members, thus giving a false impression of profitability

Question 3

The problems at Bankgesellschaft Berlin can best be characterized as failures related to:

Options:

A.

Market Risk

B.

Credit Risk

C.

Operational Risk

D.

Both B and C