Insurance webce
Liberty University
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Insurance webce| 117 questions| with complete solutions
- Exam (elaborations) • 7 pages • 2023
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risk CORRECT ANSWERS: Chance of loss 
 
Pure risk CORRECT ANSWERS: If it's pure you can insure 
 
Speculative riak CORRECT ANSWERS: Loss or gain 
 
peril CORRECT ANSWERS: The cause of loss 
 
Life insurance peril CORRECT ANSWERS: Death 
 
Health insurance peril CORRECT ANSWERS: Illness, accidental injury, disability 
 
hazard CORRECT ANSWERS: Increases chance of peril 
 
Risk Transfer CORRECT ANSWERS: shifting risk to another party 
 
Underwriting CORRECT ANSWERS: Assessing an applican...
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