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[Show more]Fundamentals of Insurance - Practice Exam | 
100 Questions with 100% Correct Answers | 
Verified | Latest Update 
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 b...
Preview 3 out of 27 pages
Add to cartFundamentals of Insurance - Practice Exam | 
100 Questions with 100% Correct Answers | 
Verified | Latest Update 
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 b...
Fundamentals of Insurance - Practice Exam 
Questions with 100% Correct Answers | 
Verified | Latest Update 
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 o...
Preview 3 out of 27 pages
Add to cartFundamentals of Insurance - Practice Exam 
Questions with 100% Correct Answers | 
Verified | Latest Update 
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 o...
Fundamentals of Insurance - Practice Exam 
Questions with 100% Correct Answers 
|Verified | Latest Update 
Insurance plays an important role in managing financial risk. The main purpose of insurance is 
to... - answerallow the spread of risk 
The definition of insurance in the Insurance Act includes...
Preview 1 out of 4 pages
Add to cartFundamentals of Insurance - Practice Exam 
Questions with 100% Correct Answers 
|Verified | Latest Update 
Insurance plays an important role in managing financial risk. The main purpose of insurance is 
to... - answerallow the spread of risk 
The definition of insurance in the Insurance Act includes...
Fundamentals of Insurance - Licensing 
Practice Exam 2 
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 polic...
Preview 4 out of 45 pages
Add to cartFundamentals of Insurance - Licensing 
Practice Exam 2 
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 polic...
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