Exam (elaborations)
MODULE 4 - INSURANCE BASICS & PROPERTY INSURANCE QUESTIONS WITH COMPLETE ANSWERS.
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MODULE 4 - INSURANCE BASICS & PROPERTY INSURANCE QUESTIONS WITH COMPLETE ANSWERS.
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MODULE 4 - INSURANCE BASICS &PROPERTY INSURANCE QUESTIONS
WITH COMPLETE ANSWERS
Which llone llof llthe llfollowing llwould llcause llthe llleast llamount llof llpotential llloss llof
llincome?
A.) llDeath
B.) llDivorce
C.) llShort-Term llDisability ll- llAnswer llC.) llShort-Term llDisability
T llor llF: llInsurance llmanagement llis llanother llname llfor llrisk llmanagement. ll- llAnswer
llFalse:
T llor llF: llAt llmost llages, llthe llprobability llof llpremature lldeath llis llgreater llthan llthat llof
llbecoming lldisabled. ll- llAnswer llFalse
What llshould llan llindividual llinsure llagainst llfirst? ll- llAnswer llPotentially llcatastrophic
lllosses
T llor llF: llContributory llnegligence llis llthe llconcept llthat llan llinjured llparty llwill llhave llany
llsettlement llamount llreduced llto llthe llextent llhe llor llshe llcontributed llto llthe llinjury. ll-
llAnswer llFalse
What llis llContributory llnegligence? ll- llAnswer llif llthe llinjured llparty llcontributed llin llany
llway llto llthe llinjury, llhe llor llshe llcannot llcollect llany lldamages.
What llis llcomparative llnegligence? ll- llAnswer llAn llinjured llparty llwill llhave llany
llsettlement llamount llreduced llto llthe llextent llhe llor llshe llcontributed llto llthe llinjury.
T llor llF: llRisk llavoidance llinvolves lldecreasing llthe llchance llthat lla llloss llwill lloccur. ll-
llAnswer llFalse
T llor llF: llBoth llrisk llavoidance lland llrisk lltransfer llare llexamples llof llrisk llcontrol. ll-
llAnswer llFalse
T llor llF: llFailure llto llhave lladequate llinsurance llcoverage llis lla llform llof llrisk llretention. ll-
llAnswer llTrue
T llor llF: llIt llis llappropriate llto lladvise llclients llto llinsure llall llof lltheir llassets llagainst llall
llpossible llloss. ll- llAnswer llFalse
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