HS 311 Fundamentals of Insurance Planning (A+ graded) Fundamentals of Insurance Planning Practice Exam (solved) Fundamentals of Insurance (solutions provided) Encumbrances and title insurance, real estate exam (all solved) Fundamentals of Insurance - Licensing Practice Exam 2 (all solved) Fundamen...
[Show more]
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...
Preview 2 out of 6 pages
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...
Preview 3 out of 20 pages
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 ...
Preview 4 out of 34 pages
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 ...
Preview 3 out of 26 pages
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...
Preview 3 out of 18 pages
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...
Preview 3 out of 28 pages
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...
Preview 1 out of 4 pages
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...
Preview 4 out of 40 pages
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...
Preview 4 out of 32 pages
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...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.
No, you only buy these notes for $75.92. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now