Alabama health insurance - Study guides, Class notes & Summaries

Pure - correct answer Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - correct answer The chance of loss without any chance of gain is called ___________ Speculative Risk - correct answer has the possibility for gain or loss and is not insurable. Risk - correct answer is defined as the chance of loss. Exposure - correct answer A condition that could result in a loss is known as Hazard - correct answer ...

Peril Types associated with accident and health insurance - correct answer sickness accidental injury sickness - correct answer first deems itself when policy is in force accidental injury - correct answer Unforeseen and unintended injury that resulted from an accident rather than a sickness type of policies for health insurance - correct answer medical expenses loss of income due to disability dental expense long term care Aleatory Contract - correct answer The exchange of value...

Alabama Health Insurance Exam

Pure Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk The chance of loss without any chance of gain is called ___________ Speculative Risk has the possibility for gain or loss and is not insurable. Risk is defined as the chance of loss. Exposure A condition that could result in a loss is known as Hazard is something that increases the chance of loss. Physical Hazard The ...

Pure - Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - The chance of loss without any chance of gain is called ___________ Speculative Risk - has the possibility for gain or loss and is not insurable. Risk - is defined as the chance of loss. Exposure - A condition that could result in a loss is known as Hazard - is something that increases the chance of loss. Physical Hazard - The presence of a _____________ ...

Pure - ANSWER Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - ANSWER The chance of loss without any chance of gain is called ___________ Speculative Risk - ANSWER has the possibility for gain or loss and is not insurable. Risk - ANSWER is defined as the chance of loss. Exposure - ANSWER A condition that could result in a loss is known as Hazard - ANSWER is something that increases the chance of loss. ...

Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. - Correct Answer Pure The chance of loss without any chance of gain is called ___________ - Correct Answer Pure Risk has the possibility for gain or loss and is not insurable. - Correct Answer Speculative Risk is defined as the chance of loss. - Correct Answer Risk A condition that could result in a loss is known as - Correct Answer Exposure is something that increa...

Pure - ANSWERSInsurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - ANSWERSThe chance of loss without any chance of gain is called ___________ Speculative Risk - ANSWERShas the possibility for gain or loss and is not insurable. Risk - ANSWERSis defined as the chance of loss. Exposure - ANSWERSA condition that could result in a loss is known as Hazard - ANSWERSis something that increases the chance of loss. ...

ALABAMA LIFE & HEALTH INSURANCE EXAM 2024 | 2 CURRENTLY TESTING EXAM VERSIONS WITH ACTUAL QUESTIONS AND ANSWERS WITH A STUDY GUIDE | EXPERT VERIFIED FOR GUARANTEED PASS | LATEST UPDATE