Ribo general exam - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Ribo general exam? On this page you'll find 14 study documents about Ribo general exam.
Page 2 out of 14 results
Sort by
-
RIBO Insurance Exam With 100% Correct Answers 2024
- Exam (elaborations) • 17 pages • 2024
-
- $10.49
- + learn more
RIBO Insurance Exam With 100% Correct Answers 2024 
What makes pure risk insurable while speculative not? - Answer Pure risk insurance is a situation involving a chance of a loss without a chance of gain. Insurance will accept situations where there is no potential for gain. 
 
Pure Risk - Answer A situation involving a chance of loss without a chance of gain. Example: property damage 
 
Speculative Risk - Answer A situation where the possibility of either financial loss or gain exists. Th...
-
RIBO Level 1 Exam Questions With Correct Answers.
- Exam (elaborations) • 6 pages • 2024
- Available in package deal
-
- $10.49
- + learn more
RIBO Level 1 Exam Questions With 
Correct Answers. 
Indemnify - answerThe action of compensating an insured following a loss under the 
insurance policy. 
Risk - answerThe chance of loss; 
or an object or activity that is insured (about to be insured) 
Peril - answerAn event that may cause a loss to occur 
Object of Insurance - answerThe item that is insured or covered in an insurance policy 
Indemnity - answerto put you back in the same financial position (just prior to loss) NO 
BETTER NO WORS...
-
RIBO EXAM (practice online) Questions With Correct Answers.
- Exam (elaborations) • 24 pages • 2024
- Available in package deal
-
- $11.49
- + learn more
©THEBRIGHTSTARS 2024 
RIBO EXAM (practice online) Questions 
With Correct Answers. 
Risk - answerChance of Loss- where the object of insurance maybe exposed 
Peril - answerCause of loss (wind, fire, water) 
Indemnification - answerWhen insurer provides exact amount of loss, no more no less - 
provided in money or another item of similar value 
Covered losses - answerAccidental and future (not on purpose or in the past) 
Alternatives to payment - answerRepair or replacement 
three types of insur...
-
RIBO – Habitational Exam Questions With Revised Answers
- Exam (elaborations) • 4 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
RIBO – Habitational Exam Questions With 
Revised Answers 
Is the following statements found in the Homeowner/Tenant/Condo policy is correct: The 
insured may have the option of a "replacement cost" basis settlement on his building(s) as long 
as it is on the same location and is done within a reasonable time, but the insured may be 
penalized in the amount of the settlement if the insured's building is insured for less than 80% of 
its value. - answerCorrect 
In the case of a tenant package...
Make study stress less painful
Study stress? For sellers on Stuvia, these are actually golden times. KA-CHING! Earn from your study resources too and start uploading now. Discover all about earning on Stuvia