PROPERTY AND CASUALTY INSURANCE EXAM PREP QUESTIONS AND ANSWER | LATEST UPDATE
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Course
PROPERTY AND CASUALTY INSURANCE
Institution
PROPERTY AND CASUALTY INSURANCE
Insurance
-:- Transferring risk or loss to an insurance company
Risk
-:- Uncertainty or likelihood of a loss occurring
Law of Large Numbers
-:- Sharing risk among a large pool of people with similar exposure to
loss
Insurable Interest
-:- Policy owner must have a financial interest in ...
PROPERTY AND CASUALTY INSURANCE
LICENSE EXAM PREP QUESTIONS AND
ANSWER | LATEST UPDATE
Insurance
✓ -:- Transferring risk of loss to an insurance company
Law of Large Numbers
✓ -:- Predictability of losses among a larger group of people
Property Insurance
✓ -:- Insuring against the loss of physical property or its ability to produce
income
Casualty Insurance
✓ -:- Insuring against liabilities resulting from loss or damage of property
Life Insurance
✓ -:- Insuring against financial loss caused by the untimely death of an
insured
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