Exam (elaborations)
PROPERTY AND CASUALTY INSURANCE TEST QUESTION NOTES Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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What is a peril? Correct Answer: A Peril is a cause of loss What is a hazard? Correct Answer: Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? Correct Answer: Moral Hazard - dishonesty, against the law Morale Hazard - carelessnes...
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