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MA Property and Casualty Insurance Questions and Correct Answers | Latest Update
MA Property and Casualty Insurance Questions and Correct Answers | Latest Update
[Show more]MA Property and Casualty Insurance Questions and Correct Answers | Latest Update
[Show more]Preview 3 out of 18 pages
Add to cartInsurance 
 -:- Transfer of risk from a person or business to an insurer 
Risk 
 -:- Uncertainty / Possibility of a loss 
Exposure 
 -:- Risks for which the insurance company would be liable 
Peril 
 -:- A cause of loss. House burns down, peril is the fire 
Direct 
 -:- Physical loss 
 
2 | P a g e...
Preview 4 out of 207 pages
Add to cartInsurance 
 -:- Transfer of risk from a person or business to an insurer 
Risk 
 -:- Uncertainty / Possibility of a loss 
Exposure 
 -:- Risks for which the insurance company would be liable 
Peril 
 -:- A cause of loss. House burns down, peril is the fire 
Direct 
 -:- Physical loss 
 
2 | P a g e...
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