Property and Casualty Insurance License, California Top Questions and answers, 100% Accurate, rated A
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Property and Casualty
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Property And Casualty
Property and Casualty Insurance License, California Top Questions and answers, 100% Accurate, rated A
Loss Exposure refers to:
- Liability loss
- Property loss
- Human loss
- All of the above - -All of the above
Pure risk is:
- gambling
- a chance of gain or profit
- unacceptable as ...
rated a loss exposure refers to liability loss property loss human loss all of the above all
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Property and Casualty Insurance
License, California Top Questions and
answers, 100% Accurate, rated A
Loss Exposure refers to:
- Liability loss
- Property loss
- Human loss
- All of the above - ✔✔-All of the above
Pure risk is:
- gambling
- a chance of gain or profit
- unacceptable as an insurance risk
- no chance of gain or profit - ✔✔-- no chance of gain or profit
personal injury is the legal term for bodily injury
- true
-false - ✔✔-false
which is the best definition of Loss Reserve?
- funds held back from a claim benefit
- a deductible
- commission holdback
- estimated amount that and insurer will reserve for a potential claim - ✔✔-- estimated amount that and
insurer will reserve for a potential claim
, Assumption of risk doctrine means:
- risk assumed by an individual
- speculative risk assumed by an insurance company
- pure risk assumed by an insurer - ✔✔-- risk assumed by an individual
vicarious liability is liability that:
- we assume for the actions of others
- we assume for our actions
- excess liability over primary
- involves financial loss - ✔✔-- we assume for the actions of others
the mortgage clause protects the:
- lender
- insurer
- insured
- none of the above - ✔✔-- lender
in the insurance industry causes of loss are called perils. perils, in turn are affected by hazards. of the
following which is a general category of hazard?
- code hazards
- moral hazards
- document hazards
- contractual hazards - ✔✔-- moral hazards
the agent has a responsibility in underwriting an insurance policy:
- in all cases
- only when it's allowed by the company
- the agent has no responsibilities in the underwriting process
- only on commissioned products - ✔✔-- in all cases
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