PRMIA 8009 Q&A - in .pdf

  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
  • Updated: Jul 18, 2026
  • Q & A: 112 Questions and Answers
  • PDF Price: $59.98
  • Printable PRMIA 8009 PDF Format. It is an electronic file format regardless of the operating system platform.
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PRMIA 8009 Q&A - Testing Engine

  • Exam Code: 8009
  • Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
  • Updated: Jul 18, 2026
  • Q & A: 112 Questions and Answers
  • Install on multiple computers for self-paced, at-your-convenience training.
  • PC Test Engine Price: $59.98
  • Testing Engine

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PRMIA 8009 Exam Syllabus Topics:
SectionObjectives
Ethics and Professional Conduct- Ethical Principles
  • 1. Code of Conduct
  • 2. Transparency and Disclosure
  • 3. Conflict of Interest
- Case Studies on Ethical Scenarios
  • 1. Practical Applications
  • 2. Decision-Making Frameworks
  • 3. Lessons Learned
Risk Management Best Practices- Credit and Market Risk
  • 1. Credit Risk Standards
  • 2. Liquidity Risk Considerations
  • 3. Market Risk Best Practices
- Operational Risk Management
  • 1. Risk Identification and Assessment
  • 2. Scenario Analysis
  • 3. Risk Mitigation Strategies
- Enterprise Risk Management
  • 1. Integration Across Departments
  • 2. ERM Frameworks
  • 3. Risk Appetite and Tolerance
Standards and Professional Practices- Documentation and Reporting Standards
  • 1. Regulatory Submission Requirements
  • 2. Risk Reporting Templates
- Benchmarking and Industry Guidelines
  • 1. Best Practice Comparisons
  • 2. Industry Surveys and Metrics
Governance and Regulatory Standards- Regulatory Frameworks
  • 1. Local Regulatory Requirements
  • 2. Compliance Reporting
  • 3. Basel Accords and Global Standards
- Corporate Governance
  • 1. Board Oversight Responsibilities
  • 2. Internal Controls and Audit Functions
  • 3. Risk Committee Structures
PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition Sample Questions:

1. What was the main type of risk that Metallgesellschaft was exposed to?

A) Interest Rate
B) Inflation
C) Currency Settlement
D) Basis Risk


2. While doing a work assignment, a PRMIA member notices behaviour that is outside the ethical standards of their client organization and reports the matter to their immediate supervisor in the organization (if he or she wasn't the one engaging in such behaviour). The matter is neither progressed nor actioned.
The PRMIA member should:

A) contact the Whistle-Blowing Hotline of the organization or, if none exits, to the PRMIA Ethics Committee for guidance and assistance
B) report the matter to the organization's Compliance Dept.
C) stay silent on the basis that they have reported it
D) report the matter to their PRMIA chapter


3. Taisei Fire and Marine Insurance Co

A) had a full understanding from Fortress Re of the risks in the pool
B) relied on the information it received from other members of the reinsurance pool to manage its risks
C) relied almost entirely on Fortress Re's management team for information on the risks in its portfolio
D) had a full understanding from other members of the pool of the pool's liabilities


4. Mary Jones wants the Bylaws of PRMIA to be changed so that people can't join PRMIA unless they meet a set of criteria she has devised with her colleagues. She can do this by getting which of the following approvals:

A) The Board of Directors and a majority of the Members
B) The Board of Directors alone
C) 34 of all Members
D) The Board of Directors, but only if the Blue Ribbon Panel affirms the change


5. With a PRMIA member's need to reconcile their internal and external responsibility to perform their work in an independent and appropriate fiduciary manner, which of the following options must be taken into consideration when performing risk management duties?

A) Only the internal controls and compliance standards
B) Internal controls, and the expectations of stakeholders, shareholders, and the general public
C) The local regulator, internal controls, and shareholders
D) Internal controls of the organization, and the local regulator


Solutions:

Question # 1
Answer: D
Question # 2
Answer: A
Question # 3
Answer: C
Question # 4
Answer: A
Question # 5
Answer: B

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