Alabama health insurance - Study guides, Class notes & Summaries

Pure - Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - The chance of loss without any chance of gain is called ___________ Speculative Risk - has the possibility for gain or loss and is not insurable. Risk - is defined as the chance of loss. Exposure - A condition that could result in a loss is known as Hazard - is something that increases the chance of loss. Physical Hazard - The presence of a ___...

Alabama Life and Health Insurance Exam | Questions & Answers (100% Correct)Alabama Life and Health Insurance Exam | Questions & Answers (100% Correct)Alabama Life and Health Insurance Exam | Questions & Answers (100% Correct)Alabama Life and Health Insurance Exam | Questions & Answers (100% Correct)Alabama Life and Health Insurance Exam | Questions & Answers (100% Correct) Insurance is a method risk is transferred to an insurer for consideration up to - ANSWER - a predetermined limit. Which ...

Alabama Health Insurance Exam | 247 Questions and Answers 100% Correct

Pure correct answersInsurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk correct answersThe chance of loss without any chance of gain is called ___________ Speculative Risk correct answershas the possibility for gain or loss and is not insurable. Risk correct answersis defined as the chance of loss. Exposure correct answersA condition that could result in a loss is known as Hazard correct answersis something...

Alabama Health Insurance Exam with correct Answers

Alabama Health Insurance Exam with correct answers

Pure - Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - The chance of loss without any chance of gain is called ___________ Speculative Risk - has the possibility for gain or loss and is not insurable. Risk - is defined as the chance of loss. Exposure - A condition that could result in a loss is known as Hazard - is something that increases the chance of loss. Physical Hazard - The presence of a ___...

Pure - Answer- Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - Answer- The chance of loss without any chance of gain is called ___________ Speculative Risk - Answer- has the possibility for gain or loss and is not insurable. Risk - Answer- is defined as the chance of loss. Exposure - Answer- A condition that could result in a loss is known as Hazard - Answer- is something that increases the chance of ...

Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. - correct answer Pure The chance of loss without any chance of gain is called ___________ - correct answer Pure Risk has the possibility for gain or loss and is not insurable. - correct answer Speculative Risk is defined as the chance of loss. - correct answer Risk A condition that could result in a loss is known as - correct answer Exposure is something that increa...

Pure - correct answer Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - correct answer The chance of loss without any chance of gain is called ___________ Speculative Risk - correct answer has the possibility for gain or loss and is not insurable. Risk - correct answer is defined as the chance of loss. Exposure - correct answer A condition that could result in a loss is known as Hazard - correct answer ...