Insurance Commission Traditional Life Reviewer (A+ graded) HS 311 Fundamentals of Insurance Planning (A+ graded) Fundamentals of Insurance Planning Practice Exam (solved) Fundamentals of Insurance - Licensing Practice Exam 2 (all solved) Fundamentals Of Insurance (BC) all correct. Encumbrances and ...
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An easement could be created for what length of time: correct answers Any of the above (perpetuity; the lifetime of a person; a term of years) The land that is benefited by an easement is called the: correct answers Dominant tenement Land that is subject to an easement is said to be: correct a...
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Add to cartAn easement could be created for what length of time: correct answers Any of the above (perpetuity; the lifetime of a person; a term of years) The land that is benefited by an easement is called the: correct answers Dominant tenement Land that is subject to an easement is said to be: correct a...
The major function of insurance is: a. To reduce the cost of the losses b. To share the losses of the few among the many c. The safeguard the interest of mortgages d. To serve as a basis of existing credit system correct answers b. To share the losses of the few among the many A peril if be...
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Add to cartThe major function of insurance is: a. To reduce the cost of the losses b. To share the losses of the few among the many c. The safeguard the interest of mortgages d. To serve as a basis of existing credit system correct answers b. To share the losses of the few among the many A peril if be...
List the 5 functions of insurance: correct answers 1) Spread of risk 2) Basis of credit system 3) Eliminate worry and develop entrepreneurship 4) Loss reduction and prevention (road safety, alarms, etc.) 5) Employment opportunity Definition of insurance (3 parts) correct answers 1) insurance ...
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Add to cartList the 5 functions of insurance: correct answers 1) Spread of risk 2) Basis of credit system 3) Eliminate worry and develop entrepreneurship 4) Loss reduction and prevention (road safety, alarms, etc.) 5) Employment opportunity Definition of insurance (3 parts) correct answers 1) insurance ...
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. correct ...
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Add to cartInsurance 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. correct ...
RISK correct answers IS THE CHANCE OF FINANCIAL LOSS PERIL correct answers IS THE CAISE OF FINANCIAL LOSS FOR EXAMPLE- FIRE WATER AND EARTHQUAKE WHAT IS THE MAIN PURPOSE OF INSURANCE correct answers IS TO ALLOW THE SPREAD OF RISK INDEMNITY correct answers MEANS RESTORING THE INSUREDS TO THE...
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Add to cartRISK correct answers IS THE CHANCE OF FINANCIAL LOSS PERIL correct answers IS THE CAISE OF FINANCIAL LOSS FOR EXAMPLE- FIRE WATER AND EARTHQUAKE WHAT IS THE MAIN PURPOSE OF INSURANCE correct answers IS TO ALLOW THE SPREAD OF RISK INDEMNITY correct answers MEANS RESTORING THE INSUREDS TO THE...
1. To "Bind a Risk" means: a. Having authority from the Insurer to put insurance in force b. Finding a company willing to give a quote on a risk c. Getting underwriting information from a client d. Automatically renewing an existing policy correct answers a. Having authority from the Insurer...
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Add to cart1. To "Bind a Risk" means: a. Having authority from the Insurer to put insurance in force b. Finding a company willing to give a quote on a risk c. Getting underwriting information from a client d. Automatically renewing an existing policy correct answers a. Having authority from the Insurer...
Insurance industry is over 700 years old? correct answers True First type of insurance: correct answers Marine Lloyd's of London is not an insurance company? correct answers True Why was it important to the colonists of the new world to transfer the risks associated with the trade industry...
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Add to cartInsurance industry is over 700 years old? correct answers True First type of insurance: correct answers Marine Lloyd's of London is not an insurance company? correct answers True Why was it important to the colonists of the new world to transfer the risks associated with the trade industry...
A loss exposure is defined as: (A) a loss that might occur (B) an undesirable end result of a risk (C) the largest possible loss (D) the probability of a loss correct answers The answer is (A) by definition Which of the following statements concerning the beneficiary provisions in a life insu...
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Add to cartA loss exposure is defined as: (A) a loss that might occur (B) an undesirable end result of a risk (C) the largest possible loss (D) the probability of a loss correct answers The answer is (A) by definition Which of the following statements concerning the beneficiary provisions in a life insu...
What is the definition of "risk"? correct answers the possibility of loss. Types of hazards? correct answers Physical, attitudinal (carelessness), and moral. How do insurance companies measure probabilities? correct answers By observing large numbers (mass) of similar (homogeneous) exposures...
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Add to cartWhat is the definition of "risk"? correct answers the possibility of loss. Types of hazards? correct answers Physical, attitudinal (carelessness), and moral. How do insurance companies measure probabilities? correct answers By observing large numbers (mass) of similar (homogeneous) exposures...
A life insurance agent is permitted to ___ correct answers Prepare routine proposals for life insurance coverage Claire is considering purchasing either an endowment or term life policy. What do these policies have in common? correct answers Insurance protection will be limited to a specified per...
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Add to cartA life insurance agent is permitted to ___ correct answers Prepare routine proposals for life insurance coverage Claire is considering purchasing either an endowment or term life policy. What do these policies have in common? correct answers Insurance protection will be limited to a specified per...
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