Exam (elaborations)
Property and Casualty Insurance Test Questions with correct answers
- Course
- Institution
What is a peril? CORRECT ANSWER A Peril is a cause of loss What is a hazard? CORRECT ANSWER Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? CORRECT ANSWER Moral Hazard - dishonesty, against the law Morale Hazard - carelessness ...
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