Ains 21 segment a - Study guides, Class notes & Summaries

AINS 21 Segment A (ch 1-3) | 92 Questions with 100 % Verified Solutions | Verified& Updated 2024 | Already Passed Loss exposure - Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs Risk management - The process of making and implementing decisions that will minimize the adverse effects of accidental losses on an organization Loss prevention - A risk control technique that reduces the frequency of a particular loss Loss reduction - A risk cont...

AINS 21 Exam Segment A With 100% Correct And Verified Answers

AINS 21 Segment A | 70 Questions with 100 % correct answers | Verified& Updated 2024 | Already Passed Though premiums are an obvious cost of insurance, many insureds believe they are too high because - Benefits are intangible until a loss occurs. Pravalt Construction Company pays less than its competitors for workers compensation insurance because Pravalt has had substantially fewer employee injuries than other firms in its class. This illustrates which one of the following benefits of insuran...

AINS 21 Segment A | 70 Questions and Answers 100% Solved Though premiums are an obvious cost of insurance, many insureds believe they are too high because - Benefits are intangible until a loss occurs. Pravalt Construction Company pays less than its competitors for workers compensation insurance because Pravalt has had substantially fewer employee injuries than other firms in its class. This illustrates which one of the following benefits of insurance? - Promote risk control Which...

AINS 21 - Segment A

AINS 21 Segment A (ch 1-3) AINS 21 Segment A (ch 1-3) | 92 Questions and Answers with complete solution

AINS 21 - Segment A Exam Questions and Complete Solutions Graded A+

AINS 21 - Segment A

From a risk management viewpoint, insurance is used to A. Prevent the cost of losses B. Reduce the cost of losses C. Transfer the cost of losses D. Isolate the cost of losses. - ANSWER ☑☑C. Transfer the cost of losses. A loss exposure is: A. Any condition that presents the possibility of a loss. B. Any condition that precludes the chance of loss. C. The same thing as a peril. D. The same thing as a hazard. - ANSWER ☑☑A. Any condition that present the possibility of a loss. ...

AINS 21 - Segment A | 137 Questions with 100 % correct answers | Verified& Updated 2024 | Already Passed