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CII M05 exam
  • Exam Code: M05
  • Exam Name: Insurance law (IL) Exam
  • Version: V12.35
  • Q & A: 70 Questions and Answers
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NEW QUESTION: 1
Which one of the following represents an ALE calculation?
A. actual replacement cost - proceeds of salvage.
B. single loss expectancy x annualized rate of occurrence.
C. gross loss expectancy x loss frequency.
D. asset value x loss expectancy.
Answer: B
Explanation:
Explanation/Reference:
Single Loss Expectancy (SLE) is the dollar amount that would be lost if there was a loss of an asset.
Annualized Rate of Occurrence (ARO) is an estimated possibility of a threat to an asset taking place in one year (for example if there is a change of a flood occuring once in 10 years the ARO would be .1, and if there was a chance of a flood occuring once in 100 years then the ARO would be .01).
The following answers are incorrect:
gross loss expectancy x loss frequency. Is incorrect because this is a distractor.
actual replacement cost - proceeds of salvage. Is incorrect because this is a distractor.
asset value x loss expectancy. Is incorrect because this is a distractor.

NEW QUESTION: 2
Which three security policy actions are valid? (Choose three.)
A. deny
B. permit
C. allow
D. discard
E. reject
Answer: A,B,E

NEW QUESTION: 3
DRAG DROP
Drag the Frame Relay acronym on the left to match its definition on the right. (Not all acronyms are used.)

Answer:
Explanation:


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