Texas Property & Casualty License Exam Questions And Answers Combined Package Solutions

Texas Property & Casualty Insurance Exam Questions And Answers A condition or situation that presents a possibility of loss is a (an): - ANS exposure The purpose of insurance is to: - ANS transfer risk Which hazard can be described as a careless attitude or general indifference on ...

Property and Casualty Exam - Texas Questions And Answers ____ is uncertainty of loss - ANS risk ____ is a transfer of risk from the insured to the insurer - ANS insurance ____ risk means there is no chance of gain. It is insurable. - ANS pure ____ risk means there is a chance o...

Texas Property and Casualty practice exam questions And Answers All Verified Coverage for water backup or sump pump overflow is excluded from the Dwelling Policy. However, with the purchase of the water backup and sump pump overflow endorsement, coverage for up to $5,000 in loss or damage can be...

Texas Property & Casualty Insurance, Insurance Exam Questions And Answers Which part of an insurance policy describes the responsibilities and obligations of both the insurance company and the insured under the policy? - ANS Conditions The limits of liability are found in which of the fo...

Texas Property and Casualty Insurance Exam Questions And Answers Insurance - ANS The transfer of the possibility of a loss (risk) from an individual or business to an insurance company, which in turn spreads the costs of unexpected losses to many individuals Law of Large Numbers - ANS ...

Texas property and casualty Exam Questions And Answers Insurer - ANS insurance company or carrier Insured - ANS the person who bought insurance or client principle of indemnity - ANS this principle states that the insured will be restored to the same financial condition as before t...