Define pure risk - Study guides, Class notes & Summaries
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Fundamentals of Insurance (BC) - Self-Examination Chapter Questions and correct answers
- Exam (elaborations) • 21 pages • 2024
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Fundamentals of Insurance (BC) - 
Self-Examination Chapter Questions 
and correct answers 
What is the major function of insurance? - ANSWERS To allow the spread of risk. 
Define "Spread of Risk" - ANSWERS "The losses of the few are shared among the 
many" 
What are the 4 other functions of insurance? - ANSWERS 1. Basis of Credit System 
2. Eliminates worry - Encourages Entrepreneurship 
3. Loss Prevention and Loss Reduction 
4. Source of Employment and Investment Capital 
What are the 3...
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AL P&C University of Alabama Study Guide (2023/2024) 100% Pass
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AL P&C University of Alabama Study Guide (2023/2024) 100% Pass 
If a company cancels an auto policy mid-term, the refund will be made on a : 
A. pro rata basis 
B. short rate basis 
C. retroactive basis D. coinsurance basis A. Pro Rata Basis 
What is the term used to describe terminating the insurance relationship at the end of the policy period? 
A. Cancellation 
B. Nonrenewal 
C. Separation D. Exclusion B. Nonrenewal 
Which is the best example of an indirect loss? 
A. Sequential loss 
B. Liabi...
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Fundamentals of Insurance (BC) - Self-Examination Chapter Questions and correct answers
- Exam (elaborations) • 21 pages • 2024
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Fundamentals of Insurance (BC) - 
Self-Examination Chapter Questions 
and correct answers 
What is the major function of insurance? - ANSWERS To allow the spread of risk. 
Define "Spread of Risk" - ANSWERS "The losses of the few are shared among the 
many" 
What are the 4 other functions of insurance? - ANSWERS 1. Basis of Credit System 
2. Eliminates worry - Encourages Entrepreneurship 
3. Loss Prevention and Loss Reduction 
4. Source of Employment and Investment Capital 
What are the 3...
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C11 - Principles & Practice Questions with Verified Answers
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C11 - Principles & Practice Questions 
 
with Verified Answers 
 
What are the 3 general types of risk? People are risk! Personal, Property, Liability 
 
What does "insurance" mean? When something gets crumpled, Indemnify! Indemnification, 
Risk, Money, Perils, Loss, Exposure 
 
How does insurance provide security? It WIIPs risks ***********! Worries, Inconvenience, 
Indemnification, Premiums 
 
What do risk managers do? They eat kIMChi! Identify, Measure, Control 
 
How does the insurance ind...
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Risk Management Exam 1 2024 || With Complete Solutions (100% Correct)
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Risk Management Exam 1 2024 || With Complete Solutions (100% Correct) 
Risk Management Exam 1 2024 || With Complete Solutions (100% Correct) 
 
What is the difference between risk and uncertainty? - ANSWER - Risk is known, and uncertainty is unknown. 
 
Define Peril. - ANSWER - The cause of loss. (Example: Fire burns down house, fire is the peril.) 
 
What are the types of Hazards? - ANSWER - Physical Hazard, Moral Hazard, Morale Hazard 
 
Define Physical Hazard. - ANSWER - A physical condition ...
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ACE personal training certification Questions & 100% Correct Answers
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Define intrinsic and extrinsic motivation 
 :~~ Intrinsic is exercising for the pure joy of working out. 
 Extrinsic is exercising for any other reason. 
Give an example of intrinsic and extrinsic feedback 
 :~~ Intrinsic: Client adjusts his own workout based on his perception of 
difficulty 
 Extrinsic: Trainer gives performance feedback 
Define situational and contextual motivation 
 :~~ Situational: How the client feels during exercise 
Contextual: How the client feels, sees, thinks about ex...
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ACE personal training certification exam 2024 with 100% correct answers
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Define intrinsic and extrinsic motivation - correct answer Intrinsic is exercising for the pure joy of working out. 
Extrinsic is exercising for any other reason. 
 
Give an example of intrinsic and extrinsic feedback - correct answer Intrinsic: Client adjusts his own workout based on his perception of difficulty 
Extrinsic: Trainer gives performance feedback 
 
Define situational and contextual motivation - correct answer Situational: How the client feels during exercise 
Contextual: How ...
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Iowa Risk Management & Insurance Final Exam Latest Update Graded A
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Iowa Risk Management & Insurance Final Exam Latest Update Graded A Objective risk Objective Risks are measurable and can be improved by Loss Prevention & Loss Control 
Subjective risk Subjective Risk - A state of mind/worry. Improvement by discussion and understanding 
What are the principles of when you must show insurable interest for property and life insurance? Property - At the time of Loss Life - At the time of Purchase 
Define pure and speculative risk Pure - Only Negative Results Specula...
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WGU C725 STUDY GUIDE NOTES QUESTIONS WITH ANSWERS ALL CORRECT
- Exam (elaborations) • 12 pages • 2022
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Chapter 1: 
Information security is primarily a discipline to manage the behavior of people. 
Confidentiality, integrity, and availability represent the three objectives of information security. 
Important certifications: 
 CISSP (certified information systems security professional 
 GIAC (Global Information Assurance Certification 
 SSCP (Systems Security Certified Practitioner 
Parts of an information security practice: 
 Laws and ethical practices 
 Access controls 
 Securit...
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Fundamentals of Insurance (BC) - Self-Examination Chapter Questions and correct answers
- Exam (elaborations) • 21 pages • 2024
-
- $12.99
- + learn more
Fundamentals of Insurance (BC) - 
Self-Examination Chapter Questions 
and correct answers 
What is the major function of insurance? - ANSWERS To allow the spread of risk. 
Define "Spread of Risk" - ANSWERS "The losses of the few are shared among the 
many" 
What are the 4 other functions of insurance? - ANSWERS 1. Basis of Credit System 
2. Eliminates worry - Encourages Entrepreneurship 
3. Loss Prevention and Loss Reduction 
4. Source of Employment and Investment Capital 
What are the 3...
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