Uncertainity - Study guides, Revision notes & Summaries

life insurance Correct Answer: insurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which exposes a finNcial riskto family or business. ie:burial expenses, pay debts, loss of family inc/business profits insurance Correct Answer: content that indemnifies another against loss, damage, liab arising from unknown e...

life insurance - insurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which exposes a finNcial riskto family or business. ie:burial expenses, pay debts, loss of family inc/business profits insurance - content that indemnifies another against loss, damage, liab arising from unknown event indemnify - make a person whol...

Deware Life insurance exam (questions and answers) 2024 life insurance - CORRECT ANSWER-insurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which exposes a finNcial riskto family or business. ie:burial expenses, pay debts, loss of family inc/business profits insurance - CORRECT ANSWER-content that indemnifies ...

Risks and Strategies In International Business Questions And Answers Already Passed Which of the following statements does NOT describe a risk? it is the same as uncertainity Which of the following types of risk occurs when there is a possibility of loss, but no chance of gain? pure risk Investment is an example of which of following risks? speculative risk Which of the following types of risks can be prevented or reduced in frequency? controllable risk What are two types of...

Deware Life insurance exam (questions and answers) 2024 life insurance - CORRECT ANSWER-insurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which exposes a finNcial riskto family or business. ie:burial expenses, pay debts, loss of family inc/business profits insurance - CORRECT ANSWER-content that indemnifies ...

Risk - ANSWER-Uncertainty concerning the occurrence of a loss Loss exposure - ANSWER-any situation or circumstance in which a loss might occur (regardless of if it happens or not) - ex: When we think about if we might get sick.. my body is the exposure. If I have a business and 10 buildings.. My buildings are exposures. Objective risk - ANSWER-relative variation of actual loss from expected loss. Law of large numbers - ANSWER-as the # of exposures increases the more closely the actual ...

RMIN 4000 Exam Questions and Answers 100% Accurate! Risk - ANSWER-Uncertainty concerning the occurrence of a loss Loss exposure - ANSWER-any situation or circumstance in which a loss might occur (regardless of if it happens or not) - ex: When we think about if we might get sick.. my body is the exposure. If I have a business and 10 buildings.. My buildings are exposures. Objective risk - ANSWER-relative variation of actual loss from expected loss. Law of large numbers - ANSWER-as th...

Deware Life insurance exam (questions and answers) 2024 life insurance - CORRECT ANSWER-insurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which exposes a finNcial riskto family or business. ie:burial expenses, pay debts, loss of family inc/business profits insurance - CORRECT ANSWER-content that indemnifies ...

RMIN 4000 Exam Questions and Answers 100% Accurate! Risk - ANSWER-Uncertainty concerning the occurrence of a loss Loss exposure - ANSWER-any situation or circumstance in which a loss might occur (regardless of if it happens or not) - ex: When we think about if we might get sick.. my body is the exposure. If I have a business and 10 buildings.. My buildings are exposures. Objective risk - ANSWER-relative variation of actual loss from expected loss. Law of large numbers - ANSWER-as th...

RMI 300 Final Exam Practice Questions and Answers What are the 3 ways a company decides who takes on what risks? - ANSWER--Better Opportunity to pool -Better way to use loss control incentives -Who has the benefit in taxes Prevention - ANSWER-Any measure that lessens the probability (frequency) of loss but does not eliminate it Reduction - ANSWER-Any effort that lessens the size (severity) of losses that do occur Avoidance - ANSWER-Marking decisions with the intention of eliminating eit...