100+ Free CSRM Practice Questions

Pass your CSRM Certified School Risk Manager exam on the first try — instant access, no signup required.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately

100+ Questions

100% Free

1 / 100

Question 1

Score: 0/0

What is the first step in the risk management process for a school district?

Treating identified risks with insurance

Identifying loss exposures across people, property, and operations

Filing claims with the district's insurance carrier

Drafting the annual budget

to track

Same family resources

More National Alliance (CIC/CISR/CRM/CRIS) Prep

Continue through related practice pages, study guides, comparisons, and articles from the same exam family.

Practice Pages

CISR Practice200 questions CRIS Practice200 questions CRM-Risk Practice200 questions CIC Practice199 questions CIC Agency Management Practice100 questions CIC Commercial Casualty Practice100 questions

2026 Statistics

Key Facts: CSRM Exam

Courses Required

CSRM program structure

70%

Passing Score

Per course exam

2 hours

Exam Time

Per course

$425

Per-Course Tuition

Approximate, ~$2,500 total

Dec 31, 2026

Designation Deadline

Alliance CSRM sunset

Jul-Nov 2026

Final Webinars

Alliance announcement

CSRM is a five-course Alliance program for school district risk managers, with each 2-hour exam requiring 70% to pass and a typical fee of about $425 per course (~$2,500 total). The Alliance is sunsetting the credential: final webinars are scheduled July-November 2026 and the designation completion deadline is December 31, 2026. Coursework spans the school risk management process, property and liability exposures, workers compensation, student risk, cyber and FERPA, and producer conduct.

Sample CSRM Practice Questions

Try these sample questions to test your CSRM exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1What is the first step in the risk management process for a school district?

A.Treating identified risks with insurance

B.Identifying loss exposures across people, property, and operations

C.Filing claims with the district's insurance carrier

D.Drafting the annual budget

Explanation: The risk management process begins with identifying loss exposures. Until a school risk manager has systematically inventoried buildings, fleets, students, employees, and activities, the analyze, treat, and monitor steps cannot be done meaningfully. Identification typically uses checklists, inspections, contracts, and historical loss data.

2A CSRM-trained administrator lists the four steps of the risk management process. Which sequence is correct?

A.Identify, analyze, treat, monitor

B.Insure, retain, transfer, avoid

C.Plan, do, check, act

D.Inspect, fund, claim, renew

Explanation: The CSRM curriculum teaches the same four-step process used across National Alliance programs: identify exposures, analyze frequency and severity, treat with control or financing techniques, and monitor results. The other lists describe insurance financing options, generic quality cycles, or claim handling, not the risk management process itself.

3A school district risk manager is evaluating a low-frequency, high-severity exposure such as a fire destroying a high school. Which treatment is generally most appropriate?

A.Full retention through the general fund

B.Risk transfer through commercial property insurance or pool coverage

C.Avoidance by closing the building

D.Ignoring the exposure because it is unlikely

Explanation: Low-frequency, high-severity exposures are the classic case for risk transfer through insurance because the district cannot reliably fund a catastrophic loss. School districts most often transfer this risk through a governmental risk pool or commercial property policy. Retention is usually limited to a deductible or self-insured retention.

4The CSRM curriculum lists 'monitor' as the final step of the risk management process. What does monitoring typically include?

A.Reviewing loss runs, audits, and program effectiveness on a recurring basis

B.Filing all completed claims with the state department of education

C.Replacing the broker every renewal cycle

D.Increasing all coverage limits each year regardless of loss history

Explanation: Monitoring closes the loop by measuring whether selected treatments are actually working. CSRM teaches periodic review of loss runs, control audits, contract compliance, and program metrics so the district can adjust limits, retentions, and controls. The other options describe administrative or insurance-buying tasks, not monitoring.

5A school district analyzes a loss exposure as 'high frequency, low severity.' Which treatment is generally most appropriate?

A.Catastrophic excess insurance

B.Retention combined with loss control

C.Avoidance

D.Reinsurance

Explanation: High-frequency, low-severity losses (minor playground injuries, fender-benders, slips on wet floors) are best handled by retention and aggressive loss control. Insurance is inefficient because frictional and premium costs exceed the small loss amounts. The CSRM curriculum emphasizes funding predictable losses internally while controlling them.

6Which document is the most useful starting point when a school risk manager begins identifying property exposures?

A.The district's statement of values (SOV)

B.The student handbook

C.The collective bargaining agreement

D.The athletic department schedule

Explanation: The statement of values lists every building, contents value, year built, construction class, and occupancy. CSRM teaches that an accurate SOV is the foundation of property identification, valuation, and rating. The other documents support liability, employment, or scheduling, but not property exposure identification.

7A school board adopts a written enterprise risk management charter. According to CSRM principles, what is the primary benefit of a written charter?

A.It eliminates the need to buy insurance

B.It assigns roles, authority, and a repeatable process so risk decisions are not ad hoc

C.It guarantees lower premiums from every carrier

D.It transfers all liability to the superintendent personally

Explanation: A written charter clarifies who identifies, analyzes, treats, and monitors risk, and how decisions are reported to the board. This consistency is what distinguishes professional school risk management from reactive 'buy a policy and hope' approaches. Carriers often look favorably on formal programs, but the charter does not eliminate insurance or transfer personal liability.

8A district's risk manager wants to quantify the financial impact of likely losses. Which two dimensions are analyzed in the CSRM 'analyze' step?

A.Frequency and severity

B.Premium and deductible

C.Limit and sublimit

D.ACV and replacement cost

Explanation: Risk analysis projects how often a loss is expected (frequency) and how large each loss could be (severity). Together these guide the choice between retention, control, and transfer. The other pairs describe insurance program design or valuation, not risk analysis.

9A district has decided to retain the first $100,000 of every general liability claim. What name does CSRM coursework give to this dollar amount?

A.Self-insured retention (SIR)

B.Coinsurance penalty

C.Aggregate limit

D.Reinsurance attachment

Explanation: The portion of each claim a school district pays before the insurer or pool responds is a self-insured retention. Unlike a deductible, the district usually handles defense and adjusting within the SIR. The other options describe property valuation, policy ceilings, or insurer-side risk transfer.

10A school district participates in a governmental risk pool. Compared to commercial insurance, pools generally offer:

A.Mandatory federal regulation by FEMA

B.Coverage tailored to schools, shared loss funds, and member-driven loss control

C.Higher rates because of administrative duplication

D.Personal indemnification of board members from their own assets

Explanation: Public-entity pools are formed by school districts and other governmental units to share risk. Coverage forms address school-specific exposures (athletics, sexual abuse, EPL, educators legal liability) that the standard commercial market handles inconsistently. Members benefit from joint loss funds, group purchasing, and shared loss-control resources.

About the CSRM Exam

The CSRM (Certified School Risk Manager) designation is a five-course program from the Risk & Insurance Education Alliance tailored for school district administrators, business officials, and risk managers. Each course concludes with a 2-hour exam requiring 70% to pass. The Alliance has announced a sunset of the CSRM program: final webinars run July through November 2026, with a designation completion deadline of December 31, 2026. Candidates already in the program should plan their five-course path to finish before that date; no new candidates will be accepted after the sunset.

Questions

100 scored questions

Time Limit

2 hours

Passing Score

70%

Exam Fee

$425 per course (~$2,500 total) (Risk & Insurance Education Alliance)

CSRM Exam Content Outline

15%

Risk Management Process for Schools

Identify, analyze, treat, and monitor school district loss exposures using statements of values, loss runs, and benchmarking.

20%

Property Risks for Schools

Buildings, contents, equipment, vehicles, valuation (replacement cost vs. ACV), causes of loss forms, time element, and pooled vs. commercial property programs.

20%

Liability Risks for Schools

Commercial general liability, educators legal liability/E&O, sexual abuse coverage, athletics liability, transportation liability, contractual risk transfer, and additional insureds.

15%

Workers Comp and Employees

WC for teachers, custodial, food service, transportation, and coaches; volunteer status; experience modification; return-to-work; and employment practices liability.

15%

Student Risk

Transportation, athletics, field trips, mental health and threat assessment, playground and lab safety, ALICE-style emergency response, and student accident coverage.

10%

Cyber and Data Risk (FERPA, COPPA, CIPA)

Student data privacy, breach notification, ransomware response, MFA controls, vendor management, and cyber insurance for school districts.

Producer Conduct and School Compliance

Producer duties, compensation disclosure, binders, public-entity procurement, ethics, and risk-pool participation requirements.

How to Pass the CSRM Exam

What You Need to Know

Passing score: 70%
Exam length: 100 questions
Time limit: 2 hours
Exam fee: $425 per course (~$2,500 total)

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

CSRM Study Tips from Top Performers

1Memorize the four-step risk management process (identify, analyze, treat, monitor) and apply it to every school exposure example

2Know the difference between replacement cost and ACV valuation and how coinsurance works on a school's commercial property program

3Understand educators legal liability vs CGL: which claims belong on which form, including SAM, IEP/IDEA, and Title IX

4Study school transportation rules, CDL with P/S endorsements, and non-owned auto exposure for staff and volunteer drivers

5Build a checklist of FERPA, COPPA, and CIPA requirements and match them to the cyber policy's first- and third-party coverages

Frequently Asked Questions

Is the CSRM program being sunset?

Yes. The Risk & Insurance Education Alliance has announced that CSRM is being sunset. Final CSRM webinars are scheduled July through November 2026, and the designation completion deadline is December 31, 2026. Candidates currently in the program should plan to finish all five courses before that date; no new candidates will be accepted after the sunset.

How is the CSRM exam structured?

CSRM is a five-course program. Each course ends with a 2-hour exam, and candidates need 70% to pass each one. Courses cover the school risk management process, school property, school liability, workers comp and employees, student risk, cyber and data risk (FERPA/COPPA/CIPA), and producer conduct.

How much does CSRM cost?

Tuition is approximately $425 per course, so the full five-course path is about $2,500 plus any travel or materials. Pricing is set by the Alliance and may vary by delivery format (in-person vs. webinar). Confirm current fees on the Alliance CSRM page before registering.

Who is the CSRM designed for?

CSRM is built for school district administrators, business officials, risk managers, and producers who serve K-12 districts. The curriculum focuses on the unique exposures of public education: athletics, transportation, special education, FERPA-protected student data, employee benefits, and governmental risk pools.

What topics does CSRM cover?

Coursework covers the four-step risk management process for schools, property and casualty exposures (including school buses), workers compensation and EPL, student risk (athletics, field trips, mental health, active-shooter response), cyber and FERPA/COPPA/CIPA, and producer conduct including public-entity procurement and risk-pool relationships.

What should current CSRM candidates focus on before the December 31, 2026 deadline?

Map your remaining courses to the Alliance webinar calendar (final sessions run July through November 2026), confirm exam dates, and budget time for each 2-hour exam at 70% to pass. Prioritize the courses you have not yet taken so you can complete the designation before the December 31, 2026 cutoff.