mccloskey topic 8 cards

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tmoy4565
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291273
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mccloskey topic 8 cards
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2014-12-10 20:38:42
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Mccloskey final
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  1. The most common property loss is due to___________.
    fire
  2. what does C.O.P.E stand for?
    • construction
    • occupancy¬†
    • protection
    • exposure
  3. What is C.O.P.E. used for?
    fire underwriting
  4. How does construction factor into underwriting?
    it is a primary underwriting consideration that directly relates to the ability to withstand damage.
  5. How many iso construction classes are their?
    6
  6. ISO class 6 characteristics(4)
    • fire resistive: meaning that
    • load bearing walls can resist fire for up to 2 hours
    • fire resistive ratings are assigned based on lab studies and tests
    • load bearing fire resistance walls are less likely to buckle or collapse
    • more than just requiring that the structure will not burn
  7. In an iso class 6, how long can load bearing walls resist fire?
    for up to 2 hours
  8. ISO class 5 characteristics
    • modified fire resistive: meaning
    • Load bearing walls can resist fire for 1-2 hours
    • walls are masonry or reinforced concrete construction
  9. Fire resistive(class)
    Iso class 6
  10. Modified fire resistive(class)
    iso class 5
  11. Fire resistive characteristics(4)
    • load bearing walls can resist fire for up to 2¬†hours
    • fire resistive ratings are assigned based on lab studies and tests
    • load bearing fire resistance walls are less likely to buckle or collapse
    • more than just requiring that the structure will not burn
  12. Modified fire resistive characteristics(2)
    • Load bearing walls can resist fire for 1-2 hours
    • walls are masonry or reinforced concrete construction
  13. Iso class 4 characteristics(2)
    • Masonry non-combustible: meaning
    • Exterior walls are fire resistant (interior/load bearing are not)
    • can resist fire for up to an hour
  14. Masonry-non combustible(class)
    Iso class 4
  15. Masonry non-combustible characteristics(2)
    • Exterior walls are fire resistant (interior/load bearing are not)
    • can resist fire for up to an hour
  16. Iso class 3 characteristics(2)
    • Non-combustible construction: meaning
    • exterior walls are non combustible, but not fire resistive
    • especially susceptible if filled with combustible contents
  17. Non-combustible construction(class)
    iso class 3
  18. Non-combustible construction characteristics(2)
    • exterior walls are non combustible, but not fire resistive
    • especially susceptible if filled with combustible contents
  19. Iso class 2 characteristics(3)
    • Jointed masonry construction; meaning
    • Exterior walls are load bearing and made of masonry type materials(brick, concrete)
    • exterior walls have fire resistive rating of at least one hour
    • interior non-load bearing walls are made of combustible materials
  20. Jointed masonry construction(class)
    Iso class 2
  21. Jointed masonry construction characteristics(3)
    • Exterior walls are load bearing and made of masonry type materials(brick, concrete)
    • exterior walls have fire resistive rating of at least one hour
    • interior non-load bearing walls are made of combustible materials
  22. Iso class 1 characteristics(1)
    • frame construction; meaning
    • load bearing walls made of combustible materials such as wood
  23. frame construction(class)
    iso class 1
  24. frame construction characteristics(1)
    load bearing walls made of combustible materials such as wood
  25. fuel load
    expected amount of combustible materials in a given area
  26. fire division
    area of property so well resistive to fire that it privets the fire from spreading from or through the area
  27. fire wall
    fire resistive barrier
  28. types of property occupancy
    • habitation
    • institutional
    • mercantile
    • service organization
    • manufacturing operation
  29. habitation
    a property that is used for people to reside
  30. In a habituated property, who maintains the property?
    the homeowner
  31. Institutional property
    schools, churches, hospitals, and gov't buildings
  32. mercantile property
    • sell goods and merchandise
    • ex. dept store, grocery store etc.
    • combustibility hinges on material of inventory
    • risk is influenced by value of inventory
  33. In a mercantile property, what determines combustibility?
    combustibility hinges on the material of the inventory
  34. In a mercantile property, what influences risk?
    risk is influenced by the value of inventory
  35. service organization
    • ex. auto repair, drycleaning
    • hazard risk keyed to product or service
  36. In a service organization, what determines hazard?
    hazard is keyed to a product or service
  37. manufacturing operation
    raw materials into finished goods
  38. hazards in a manufacturing operation(4)
    • housekeeping practices(sweeping for dust;workplace must be clean)
    • heating equipment
    • electrical equipment
    • smoking(can result in fire)
  39. protection(public)
    within 1000 feet of hydrant and five miles of fire department
  40. partial protection(public)
    over 1000 feet from hydrant, but within 5 miles of fire department
  41. unprotected(public)
    more than 5 miles from a fire department
  42. private methods for fire detection(4)
    • guard services or private control
    • smoke or heat detectors
    • local alarm
    • central alarm
  43. local alarm
    when triggered, sounds alert inside and outside building
  44. central alarm
    monitored by agency that when triggered, will notify authorities
  45. suppression
    • portable fire extinguishers
    • standpipe and hoses (fire pump)
    • automatic sprinkler system(releases when it senses heat)
  46. When is an automatic sprinkler system triggered?
    when it senses heat, yo
  47. external loss exposures(def)
    exposures outside the property(not controlled by the insured)
  48. Examples of external loss exposures(3)
    • type of construction of adjacent buildings
    • use of neighboring facilities
    • type of area surrounding insured facility
  49. crime underwriting
    • ee's have access to money and other valuable property
    • losses can be hidden from discovery
    • large losses can be common
    • and re's sometimes don't like to prosecute or reveal(embarrassing stuff)
  50. When underwriting for crime, insurers should look for:(3)
    • possibility of moral hazard
    • burglary control systems in place
    • organization well managed
  51. ways to control crime(5)
    • screen employees(background and substance abuse)
    • low turnover(loyalty)
    • well defined termination procedures
    • employee audits
    • require vacations and rotate duties(getting extra eyes on something)
  52. Ways to control underwriting crime(4)
    • safes and vaults
    • electronic surveillance
    • Inventory control systems
    • guard services

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