Q. What are some examples of event-based exposures?

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Q. How can a geographical concentration of risks affect an insurer's portfolio?

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Q. In what way can a balanced portfolio be achieved for hail damage to crops?

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Q. What is the Per Event retention managed through?

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Q. Which of the following is an example of accumulation within a branch?

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Q. What is the Probable Maximum Number (PMN) of individual risks involved in one event used for?

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Q. How is retention scaled down based on the quality of the risk in question?

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Q. What is the meaning of P.M.N. in insurance?

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Q. How is Per Risk retention managed?

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Q. What is Retention per risk?

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Q. How are retentions scaled down in insurance?

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Q. How is the level of retention scaled down in insurance?

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Q. What factors influence the insurer's decision about retention limits?

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Q. What happens when the reinsurance market is "soft"?

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Q. What is the most important decision that any insurer is called upon to make?

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Q. What is a guide for an insurer in correcting the limits as they continue to write business over the years?

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Q. Retention is a combination of the financial consequences of__________

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Q. What is the first step in fixing retentions for property insurance?

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Q. What risk factors are used to determine the usual schedule of retentions for property insurance?

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Q. When dealing with large risks, what is customary in terms of fixing retentions?

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