Exam (elaborations)
Insurance Fundamentals Exam Level 1 Questions & Answers
- Course
- Institution
Insurance - Answerassurance given to the insured by the insurer to lessen the financial damage suffered during an insured occurrence Peril - Answerthe cause of a financial loss (ie. fire, water, earthquake) Risk - Answerthe chance of financial loss Purpose of insurance - Answerto allow the...
[Show more]