Lote
Bundle for Fundamentals of Insurance Exams Compilation | Verified | Guaranteed Success
Bundle for Fundamentals of Insurance Exams Compilation | Verified | Guaranteed Success
[Mostrar más]Bundle for Fundamentals of Insurance Exams Compilation | Verified | Guaranteed Success
[Mostrar más]The major function of insurance is: 
a. To reduce the cost of the losses 
b. To share the losses of the few among the many 
c. The safeguard the interest of mortgages 
d. To serve as a basis of existing credit system - b. To share the losses of the few among the 
many 
A peril if best defined as: 
a...
Vista previa 4 fuera de 40 páginas
Añadir al carritoThe major function of insurance is: 
a. To reduce the cost of the losses 
b. To share the losses of the few among the many 
c. The safeguard the interest of mortgages 
d. To serve as a basis of existing credit system - b. To share the losses of the few among the 
many 
A peril if best defined as: 
a...
The major function of insurance is: 
a. To reduce the cost of the losses 
b. To share the losses of the few among the many 
c. The safeguard the interest of mortgages 
d. To serve as a basis of existing credit system - b. To share the losses of the few among the 
many 
A peril if best defined as: 
a...
Vista previa 3 fuera de 30 páginas
Añadir al carritoThe major function of insurance is: 
a. To reduce the cost of the losses 
b. To share the losses of the few among the many 
c. The safeguard the interest of mortgages 
d. To serve as a basis of existing credit system - b. To share the losses of the few among the 
many 
A peril if best defined as: 
a...
1. To "Bind a Risk" means: 
a. Having authority from the Insurer to put insurance in force 
b. Finding a company willing to give a quote on a risk 
c. Getting underwriting information from a client 
d. Automatically renewing an existing policy - a. Having authority from the Insurer to put 
insuran...
Vista previa 4 fuera de 43 páginas
Añadir al carrito1. To "Bind a Risk" means: 
a. Having authority from the Insurer to put insurance in force 
b. Finding a company willing to give a quote on a risk 
c. Getting underwriting information from a client 
d. Automatically renewing an existing policy - a. Having authority from the Insurer to put 
insuran...
1x vendido
Insurance plays an important role in managing financial risk. The main purpose of Insurance is 
to: 
A. Enable the consumer to obtain loan or mortgage. 
B. Provide employment and investment capital. 
C. Allow spread of risk. 
D. Reduce losses through loss prevention and loss reduction. - C. Allow sp...
Vista previa 4 fuera de 38 páginas
Añadir al carritoInsurance plays an important role in managing financial risk. The main purpose of Insurance is 
to: 
A. Enable the consumer to obtain loan or mortgage. 
B. Provide employment and investment capital. 
C. Allow spread of risk. 
D. Reduce losses through loss prevention and loss reduction. - C. Allow sp...
Chapter 1 -Introduction to General Insurance 
The major function of insurance is to achieve a spread of risk. Explain what is meant by spread 
of risk. - the major function of insurance is to share the losses of the few among the many 
What are the five functions of insurance? - 1. spread of risk (m...
Vista previa 4 fuera de 36 páginas
Añadir al carritoChapter 1 -Introduction to General Insurance 
The major function of insurance is to achieve a spread of risk. Explain what is meant by spread 
of risk. - the major function of insurance is to share the losses of the few among the many 
What are the five functions of insurance? - 1. spread of risk (m...
What is the major function of insurance? - to allow the spread of risk 
What are the five important functions of insurance? - 1) insurance is the shifting of financial 
responsibility for a loss 
2) payment will be made only in the event of an insured risk 
3) the amount of payment is restricted to ...
Vista previa 2 fuera de 8 páginas
Añadir al carritoWhat is the major function of insurance? - to allow the spread of risk 
What are the five important functions of insurance? - 1) insurance is the shifting of financial 
responsibility for a loss 
2) payment will be made only in the event of an insured risk 
3) the amount of payment is restricted to ...
What is the definition of "risk"? - the possibility of loss. 
Types of hazards? - Physical, attitudinal (carelessness), and moral. 
How do insurance companies measure probabilities? - By observing large numbers (mass) of 
similar (homogeneous) exposures in the statistical group from which they mak...
Vista previa 4 fuera de 45 páginas
Añadir al carritoWhat is the definition of "risk"? - the possibility of loss. 
Types of hazards? - Physical, attitudinal (carelessness), and moral. 
How do insurance companies measure probabilities? - By observing large numbers (mass) of 
similar (homogeneous) exposures in the statistical group from which they mak...
The major function of insurance is: 
a. To reduce the cost of the losses 
b. To share the losses of the few among the many 
c. The safeguard the interest of mortgages 
d. To serve as a basis of existing credit system - b. To share the losses of the few among the 
many 
A peril if best defined as: 
a...
Vista previa 3 fuera de 30 páginas
Añadir al carritoThe major function of insurance is: 
a. To reduce the cost of the losses 
b. To share the losses of the few among the many 
c. The safeguard the interest of mortgages 
d. To serve as a basis of existing credit system - b. To share the losses of the few among the 
many 
A peril if best defined as: 
a...
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Stuvia is a marketplace, so you are not buying this document from us, but from seller Tulloch. Stuvia facilitates payment to the seller.
No, you only buy this summary for $40.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now