Mastersgrade

Fundamentals of Insurance - Chapter 1- 2 Practice Questions With Correct Answers(Rated A) Three Main Categories Of Risk - Answer1) Personal Risk 2)Property Risk 3)Liability Risk What is "Spread of Risk"? - AnswerInsurance provides a mechanism in which the losses of few are shared among many Property and Casualty Insurance includes...(3 types of insurance) - Answer1) Automobile Insurance 2) Property Insurance 3) Liability Insurance What are the 4 common options for dealing with ri...

Fundamentals Of Insurance (BC) Questions With Correct Answers(RATED A)Insurance plays an important role in managing financial risk. The main purpose of Insurance is to: A. Enable the consumer to obtain loan or mortgage. B. Provide employment and investment capital. C. Allow spread of risk. D. Reduce losses through loss prevention and loss reduction. - AnswerC. Allow spread of risk. When the insurer terminates an insurance policy, ALL of the following conditions apply, EXCEPT one. Pi...

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