Ains 21 segment a Study guides, Class notes & Summaries

AINS 21 Segment A (ch 1-3)

4 roles of insurance - 1. risk management technique 2. transfer system 3. business 4. contract loss exposure - any condition or situation that presents a possibility of loss, whether or not actual loss occurs risk management - making and implementing decisions that will minimize the adverse effects of accidental losses on an organization -avoid, prevent, reduce -from RM standpoint, insurance is used to transfer cost of losses loss prevention - reduces frequency of loss -ex. wearing sa...

AINS 21 Segment A (ch 1-3) | 92 Questions with 100 % Verified Solutions | Verified& Updated 2024 | Already Passed

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

AINS 21 Segment A (ch 1-3) Exam Questions and Complete Solutions Graded A+

AINS 21 Segment A (ch 1-3)

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

AINS 21 Segment A | 70 Questions with 100 % correct answers | Verified& Updated 2024 | Already Passed

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

AINS 21 - Segment A 137 Questions and Answers 100% Solved From a risk management viewpoint, insurance is used to A. Prevent the cost of losses Reduce the cost of losses Transfer the cost of losses Isolate the cost of losses. - C. Transfer the cost of losses. A loss exposure is: Any condition that presents the possibility of a loss. Any condition that precludes the chance of loss. The same thing as a peril. The same thing as a hazard. - A. Any condition that present the possibi...