Speculative risks - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Speculative risks? On this page you'll find 1492 study documents about Speculative risks.
Page 2 out of 1.492 results
Sort by
-
CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions with 100 % correct Answers | Verified
- Exam (elaborations) • 8 pages • 2023
- Available in package deal
-
- $16.99
- 3x sold
- + learn more
Admitted Insurance Company vs. Non-Admitted Insurance Company - An admitted insurance 
company is authorized to transact insurance in California because it has a Certificate of Authority 
granted by the California Department of Insurance (CDI) 
A non-admitted insurance company is not authorized to transact insurance in California because of 
failing to comply with California requirements or did not seek admission 
Pure Risk vs. Speculative Risk - Pure risks are insurable but Speculative risks ar...
-
FLORIDA INSURANCE 2-14 EXAM TERMS QUESTIONS AND ANSWERS (100% SCORES)
- Exam (elaborations) • 33 pages • 2024
- Available in package deal
-
- $15.99
- 2x sold
- + learn more
FLORIDA INSURANCE 2-14 EXAM 
TERMS QUESTIONS AND ANSWERS 
(100% SCORES) 
Insurance - CORRECT ANSWER-Financial protection against loss or harm - An 
arrangement by which company gives customers financial protection against loss or 
harm such as theft or illness in return for premium payments. 
Life Insurance - CORRECT ANSWER-Is based on actuarial or mathematical principles 
and guarantees a specified sum of money upon the death of the person who is insured. 
Annuities - CORRECT ANSWER-Provid...
-
CPCU 500: Becoming a Leader in Risk Management and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update)
- Exam (elaborations) • 49 pages • 2023
-
Available in package deal
-
- $10.99
- 1x sold
- + learn more
CPCU 500,Becoming a Leader in Risk Management and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) 
 
Q: Which one of the following is an element of a loss exposure? 
Choose one answer. 
 A. The verification of risk 
 B. A cause of loss 
 C. The probability of a loss 
 D. The occurrence of a loss 
 
 
Answer: 
B. A cause of loss 
 
 
Q: The statement "There is a 5 percent chance that John will be injured in an automobile accident while drivi...
-
California Life PSI Site - Life, Accident and Health Agent Examination (Life Agent) Questions and Answers (2022/2023) (Verified Answers)
- Exam (elaborations) • 34 pages • 2023
-
- $9.99
- 1x sold
- + learn more
California Life PSI Site - Life, Accident and Health Agent Examination (Life Agent) Questions and Answers (2022/2023) (Verified Answers) 
Admitted Insurance Company vs. Non-Admitted Insurance Company - (Correct Answer) An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) 
 
A non-admitted insurance company is not authorized to transact insurance in California because of fa...
-
KENTUCKY ADJUSTER EXAM PREP EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS LATEST UPDATES
- Exam (elaborations) • 11 pages • 2024
-
Available in package deal
-
- $9.49
- 2x sold
- + learn more
KENTUCKY ADJUSTER EXAM PREP EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS LATEST UPDATES 
Insurance 
Transfers risk of financial losses from one party to another 
Insured 
Individual or organization that pays premiums in exchange for protection 
Insurer 
Company, group, or government agency offering financial protection 
Insurance policy 
A legally binding contract in which the insurer agrees to take on specified risks in exchange for the insured's premium. 
Principle of indemnity 
Restoration ...
As you read this, a fellow student has made another $4.70
-
FLORIDA INSURANCE 2-14 EXAM TERMS QUESTIONS AND ANSWERS (100% SCORES)
- Exam (elaborations) • 33 pages • 2023
-
Available in package deal
-
- $17.49
- 1x sold
- + learn more
FLORIDA INSURANCE 2-14 EXAM 
TERMS QUESTIONS AND ANSWERS 
(100% SCORES) 
Insurance - CORRECT ANSWER-Financial protection against loss or harm - An 
arrangement by which company gives customers financial protection against loss or 
harm such as theft or illness in return for premium payments. 
Life Insurance - CORRECT ANSWER-Is based on actuarial or mathematical principles 
and guarantees a specified sum of money upon the death of the person who is insured. 
Annuities - CORRECT ANSWER-Provid...
-
RMI 2302 FSU NYCE EXAM 1 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 10 pages • 2024
- Available in package deal
-
- $11.49
- 1x sold
- + learn more
RMI 2302 FSU NYCE EXAM 1 Questions 
And Answers (Verified And Updated) 
Risk Likelihood - answerFrequency - the probability that a loss can occur. 
What 3 ways can Risk Likelihood be categorized - answerHigh - an event is expected to 
happen in most circumstances 
Medium - an even will probably happen in many circumstances 
Low - an event may occur at some point 
Risk Impact - answerSeverity - the potential effect that a loss could have if it arises. 
Risk prevention methods are best applied to ...
-
Florida Insurance 2-14 Exam Terms Answered Correctly!!
- Exam (elaborations) • 33 pages • 2024
-
- $16.99
- 1x sold
- + learn more
Florida Insurance 2-14 Exam Terms Answered Correctly!!
-
CPCU 500 Exam Questions and Answers 2023
- Exam (elaborations) • 2 pages • 2023
-
Available in package deal
-
- $9.49
- 7x sold
- + learn more
Risk - Answer- the uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes 
 
Probability - Answer- the likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a percentage, or a fraction. 
 
What are the 2 elements associated with risk? - Answer- uncertainty of outcome + possibility of negative outcome 
 
Pure Risk - Answer- a chance of loss or no loss, but no...
-
California Life Accident and Health Exam Practice 2024
- Exam (elaborations) • 195 pages • 2024
-
- $15.49
- 1x sold
- + learn more
California Life Accident and Health Exam Practice 2024 
A 
ABC INSURANCE -Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE 
IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? 
A 
ABC INSURANCE 
B 
JOHN 
C 
JANE 
D 
NONE 
D 
ADMITTED -Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE 
INSURANCE POLICIES IN A PARTICULAR STATE. 
A 
DOMESTIC 
B 
NON-ADMITTED 
C 
FOREIGN 
D 
ADMITTED 
B 
A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN 
INSURED -Answer-WHICH OF THE FOLL...
How did he do that? By selling his study resources on Stuvia. Try it yourself! Discover all about earning on Stuvia