Ribo exam - Study guides, Class notes & Summaries
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RIBO EXAM PREP 2024
- Exam (elaborations) • 8 pages • 2024
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RIBO EXAM STUDYGUIDE 2024
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RIBO EXAM STUDYGUIDE 2024...
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RIBO Exam with complete solution Bundle
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RIBO Exam with complete solution Bundle
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RIBO AUTO EXAM VERIFIED 2024
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RIBO AUTO EXAM VERIFIED 2024
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RIBO ENTRY LEVEL 1 UPDATED Exam Questions and CORRECT Answers
- Exam (elaborations) • 15 pages • 2024
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RIBO ENTRY LEVEL 1 UPDATED Exam 
Questions and CORRECT Answers 
Risk - Correct Answer- Chance of a loss 
Which type of risk is insured and why? - Correct Answer- Pure risk, because speculative risk 
is comparable to gambling. 
3 Ways risk (management) is dealt with? - Correct Answer- REDUCE: preventative measures 
ASSUME/RETAIN: Self-insure 
TRANSFER: purchase insurance
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RIBO Exam Latest Version 2024/2025 Expert-Verified Q&As
- Exam (elaborations) • 9 pages • 2024
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A cigarette sets an automobile seat on fire and causes $450 damage. The policy shows a $300 deductible 
under Specified Perils. What would the insurer pay? - $450 
A claim under a liability policy may be triggered by which of the following? - A negligent act 
A Commercial Crime Insurance Policy: - Allows the selection of coverages from a menu 
A Commercial General Liability Policy covers which of the following? - All of the above 
A dwelling valued at $100,000 is owned and insured by three peopl...
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RIBO EXAM 1 PRACTICE QUESTIONS AND ANSWERS
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RIBO EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS GRADED A+
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RIBO EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS GRADED A+
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RIBO Exam Prep (2023/2024) Already Passed
- Exam (elaborations) • 10 pages • 2023
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RIBO Exam Prep (2023/2024) Already Passed Implied Contract a contract that comes about from the actions of the parties 
Express Contract Terms have been specificity states and agreed upon by both parties 
Reinsurance insurance for insurance companies 
Frequency Percentage of what we insure. 
severity $ amount of the loss 
contract agreement between two or more parties 
void The policy never existed. Any premium received must be returned. 
legal entity/person Someone who can sue or be sued. 
tort...
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RIBO auto exam with complete solutions
- Exam (elaborations) • 6 pages • 2024
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RIBO auto exam with complete solutions
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