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1 examfx life and heal - Study guides, Class notes & Summaries

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1 - ExamFX Life and Health - General Insurance Exam | 93 Questions with 100% Correct Answers |GRADED

  • 1 - ExamFX Life and Health - General Insurance Exam | 93 Questions with 100% Correct Answers |GRADED

  • Exam (elaborations) • 4 pages • 2023
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    • What two elements are necessary to a life insurance contract to have a legal purpose? - CORRECT ANSWER 1. Insurable Interest 2. Consent Insurance is a contract that protects the insured from what? - CORRECT ANSWER Loss What Type of Risk is Insurable? - CORRECT ANSWER Pure What is the term for the causes of loss insured against in a insurance policy? - CORRECT ANSWER Peril What Law Protects Consumers from the circulation of inaccurate or obsolete information? - CORRECT ANSWER The Fai...
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