RIMS Study Guide 2026
Everything you need to pass the RIMS exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 RIMS Exam Format at a Glance
📚 RIMS Topics to Study (63)
✍️ Sample RIMS Questions & Answers
1. Which risk portfolio strategy concept refers to transferring peak-level losses while retaining moderate, expected losses within the organization?
An excess of loss structure has the insurer cover losses above a defined retention (attachment point), while the organization retains routine expected losses below that threshold.
2. When reviewing D&O insurance market trends, which event type has historically caused the most significant market dislocations?
Economic downturns trigger shareholder lawsuits and securities class actions, historically causing significant D&O market hardening.
3. A risk manager recommends redesigning a manufacturing process to eliminate employee exposure to a toxic chemical entirely. This strategy is BEST classified as:
Eliminating the hazard entirely by redesigning the process so the toxic chemical is no longer used constitutes risk avoidance — the activity creating the risk no longer exists.
4. Under the McCarran-Ferguson Act, which entity has primary regulatory authority over insurance companies in the United States?
The McCarran-Ferguson Act of 1945 explicitly grants individual states the primary authority to regulate the insurance industry.
5. Which of the following is the primary purpose of a risk control self-assessment (RCSA)?
RCSA empowers operational managers and staff to identify risks and assess the adequacy of existing controls within their own business units.
6. The RIMS Code of Ethics applies to members in which of the following situations?
The RIMS Code of Ethics governs member conduct across all professional risk management activities, not just formal RIMS events.