Exam (elaborations)
WEBCE PROPERTY & CASUALTY PREP EXAM WITH THE CORRECT ANSWERS UPDATED.
- Course
- Institution
WEBCE PROPERTY & CASUALTY PREP EXAM WITH THE CORRECT ANSWERS UPDATED.
[Show more]
Content preview
WEBCE PROPERTY & CASUALTYPREP EXAM WITH THE CORRECT
ANSWERS UPDATED
Risk b- bcorrect banswer-Chance bof bloss
5 bRisk bor bLoss bFactors b- bcorrect banswer-1. bRisk b2. bLoss b3. bExposure b4. bPeril
b5. bHazard
Insurance ballows: b- bcorrect banswer-Individual bor bgroup bto btransfer bover bto
binsurance bcompany bthe brisk bof bfinancial bloss bfrom ba bdestructive bevent
Fundamental bpurpose bof binsurance bis: b- bcorrect banswer-To bindemnify
bpolicyholder bagainst bcovered blosses bor brestore bpolicyholder bback bto bsame
bfinancial bposition bthey bwere bin bbefore
Insurance bcompanies bmay bused bterm brisks bto brefer bto binsured: b- bcorrect
banswer-1. bPerson b2. bProperty b3. bActivity
Loss b- bcorrect banswer-Unplanned bor bunwelcome breduction bin beconomic bvalue
What bis bDirect band bIndirect bloss b- bcorrect banswer-1. bDirect bloss b- bimmediate
bresult bof band bevent bcaused bby ba bcovered bperil b2. bIndirect bloss b- bremote
bresult bof ban bevent bcaused bby bcovered bperil
Exposure b- bcorrect banswer-State bof bbeing bsubject bto ba bpossible bloss
Insurer bmeasures bexposure bby b- bcorrect banswer-Units bto bthe bperson, bproperty
bor bevent b(more bexposure bunits, bthe bgreater bthe bpremium)
Exposure bis balso breferred bto bas: b- bcorrect banswer-Total brisk ban binsurer bfaces
bwith binsured
Peril b- bcorrect banswer-The bdestructive bevent bthat binsurance bguards bagainst
6 btypes bof bperil b- bcorrect banswer-1. bFire b2. bExplosion b3. bWindstorm b4. bFlood
b5.Theft b6. bCollision
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller HIGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81989 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
