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PRMIA 8009 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Risk Management Case Studies | 25% | - Long-Term Capital Management (LTCM) - China Aviation Oil - Metallgesellschaft - Orange County - Northern Rock - Baring Bank |
| Topic 2: Risk Management Best Practices | 20% | - Internal Controls and Risk Limits - Enterprise Risk Management Framework - Compliance and Regulatory Alignment |
| Topic 3: PRMIA Standards of Best Practice, Conduct and Ethics | 30% | - Ethical Decision-Making Framework - Whistleblowing and Reporting Violations - Code of Conduct and Professional Responsibilities - Conflict of Interest and Disclosure |
| Topic 4: Corporate Governance Principles | 25% | - Transparency and Accountability - Board and Senior Management Oversight - PRMIA Governance Principles - Risk Governance Structure |
PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Sample Questions:
Zheng Zhu wants to open a new PRMIA Chapter in Wuhan, China. He can do this if:
- A. All of the above
- B. A local business sponsors the chapter
- C. At least 100 members live within 50 miles
- D. Approved by the Board of Directors
Correct Answer: D 🗳️
A risk assessment report generated by a PRMIA member creates an apparent conflict of interest between the PRMIA standards and those of the client organization.
Of the following, which is the correct hierarchy to follow to resolve the conflict?
I. The decision of a superior within the organization
II. PRMIA Standards
III. Guidelines from the regulators in which the organization operates
IV. The laws of the country
- A. IV, III, II, and I
- B. I, II, III, and IV
- C. III, II, IV, and I
- D. II, I, IV, and III
Correct Answer: A 🗳️
Which of the following regarding Orange County is FALSE?
- A. Citron's losses were eventually exposed by massive margin calls
- B. Bob Citron heavily leveraged his positions using repos
- C. Bob Citron engaged in risky strategies to benefit personally
- D. Bob Citron tried to "ride the yield curve"
Correct Answer: C 🗳️
The retrocession insurance cover was provided by
- A. Fortress Re and other insurers
- B. The fronting insurance companies
- C. The Fortress Re reinsurers only
- D. Fortress Re and their reinsurers
Correct Answer: C 🗳️
PRMIA is incorporated as:
- A. A for-profit corporation
- B. A non-profit corporation
- C. A non profit corporation with for profit subsidiaries
- D. A charitable trust
Correct Answer: B 🗳️







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