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Bundle of Fred Loya Insurance Tests with Questions & 100% Correct Answers
A Bundle of Fred Loya Insurance Tests with Questions & 100% Correct Answers
[Show more]A Bundle of Fred Loya Insurance Tests with Questions & 100% Correct Answers
[Show more]risk - Uncertainty concerning the occurrence of a loss 
Exposure - what the insured is exposing to the insurer to 
premium calculations - the higher the risk is, the greater the premium 
Speculative Risk - a risk in which there is a chance of either loss or gain 
pure risk - is insurable. it is when...
Preview 2 out of 6 pages
Add to cartrisk - Uncertainty concerning the occurrence of a loss 
Exposure - what the insured is exposing to the insurer to 
premium calculations - the higher the risk is, the greater the premium 
Speculative Risk - a risk in which there is a chance of either loss or gain 
pure risk - is insurable. it is when...
1. Company benefits - We are the actual company not an agency 
2. Company benefits - We have an in-house claims department 
3. Company benefits - We are open from 9am to 7pm Monday to Friday and Saturday from 
9am to 2 pm 
4. Company benefits - We have fast and friendly service as well as bilingual ...
Preview 1 out of 3 pages
Add to cart1. Company benefits - We are the actual company not an agency 
2. Company benefits - We have an in-house claims department 
3. Company benefits - We are open from 9am to 7pm Monday to Friday and Saturday from 
9am to 2 pm 
4. Company benefits - We have fast and friendly service as well as bilingual ...
What course of action does a party to a contract have if the other party is found to be in breach 
of that contract? - Damages for breach, reasonable attorney fees, and costs. 
A representation in an insurance contract qualifies as of the following? - implied warranty 
What does it mean if an agent...
Preview 2 out of 12 pages
Add to cartWhat course of action does a party to a contract have if the other party is found to be in breach 
of that contract? - Damages for breach, reasonable attorney fees, and costs. 
A representation in an insurance contract qualifies as of the following? - implied warranty 
What does it mean if an agent...
f an agent, while selling a policy tells the prospect he is fully covered and everything will be 
taken care of, when this is not the fact, the agent is guilty of - Misrepresentation 
What would NOT be an unfair claim practice? - Using an arbitrator to resolve a dispute. 
A homeowner discovers that ...
Preview 2 out of 6 pages
Add to cartf an agent, while selling a policy tells the prospect he is fully covered and everything will be 
taken care of, when this is not the fact, the agent is guilty of - Misrepresentation 
What would NOT be an unfair claim practice? - Using an arbitrator to resolve a dispute. 
A homeowner discovers that ...
Pure Risk - No possible gain 
risk - The certainty of a future outcome 
Speculative Risk - Involves gain or loss 
Peril - The cause of a loss 
Ex; accident, fire wind ,hail,collison 
Hazard - increase possibility of a loss
Preview 2 out of 5 pages
Add to cartPure Risk - No possible gain 
risk - The certainty of a future outcome 
Speculative Risk - Involves gain or loss 
Peril - The cause of a loss 
Ex; accident, fire wind ,hail,collison 
Hazard - increase possibility of a loss
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