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PRIMERICA South Carolina Exam Prep | Review Material with complete verified solutions 2025
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PRIMERICA South Carolina Exam Prep | Review Material with complete verified solutions 2025
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PRIMERICA South CarolinaExam Prep | Review Material
with complete verified
solutions 2025
Risk in insurance terminology refers to - answer Uncertainty of
financial loss
The reduction or decrease in value of a person or property insured
in a policy is called - answer Loss
Mutual companies are owned by - answer policy holders
What type of risk allows both gains and losses? - answer
speculative
Purchasing a life insurance policy would be considered which
method of handling risk? - answer transfer
A fraternal benefit society usually provides - answer life or Health
Insurance only to its members
ABCInsurance Company is incorporated in GA but is doing business
in CT; it is an - answer Foreign insurer
An agent's actions or deeds show what kind of authority? - answer
Apparent
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