Property and casualty ch - Study guides, Class notes & Summaries
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California Insurance Pre-Licensing Manual 52 Hour Property and Casualty Chapter 1 Study Guide Exam Questions with Answers 2023-2024. Contains terms like: ________ is the potential for incurring a loss. People buy insurance because of the possibilities of
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California Insurance Pre-Licensing Manual 52 Hour Property and Casualty Chapter 1 Study Guide Exam Questions with Answers . Contains terms like: ________ is the potential for incurring a loss. People buy insurance because of the possibilities of a loss - Answer: Loss Exposure
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California Insurance Pre-Licensing Manual 52 Hour Property and Casualty Chapter 1 Study Guide Exam Questions with Answers 2023-2024. Contains terms like: ________ is the potential for incurring a loss. People buy insurance because of the possibilities of
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California Insurance Pre-Licensing Manual 52 Hour Property and Casualty Chapter 1 Study Guide Exam Questions with Answers . Contains terms like: ________ is the potential for incurring a loss. People buy insurance because of the possibilities of a loss - Answer: Loss Exposure
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A D Banker Property and Casualty Chapter 9 Updated Questions with 100% Correct Answers | Latest & Verified
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Premises and Operations - CORRECT ANSWER-exposure under a general 
liability policy applies to an insured business that conducts its operations both at 
its own premises and elsewhere. 
Products Exposure - CORRECT ANSWER-under a GL policy applies to the 
bodily injury 
property damage 
caused by any goods/products under insured's name 
Completed Operations Exposure - CORRECT ANSWER-Applies to occurrences 
that occur after the insured's operations have been completed and result from 
improper o...
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Property and Casualty Chapter 10 Insurance regulation exam questions and answers 2023
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Authorized insurer - Answer-insurer who has received a certificate of authority from the department of insurance to transact insurance in the state 
 
cease and desist - Answer-to stop or discontinue 
 
commission - Answer-payment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium 
 
commissioner - Answer-the head of the state department of insurance. 
 
domicile - Answer-a state in which an insurer is organized and has its main place of busin...
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Property and Casualty Chapter 1 Exam Questions With 100% Correct Answers
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Property and Casualty Chapter 1 Exam 
Questions With 100% Correct Answers 
A chance of loss is called ___? - answerRisk 
Gambling is an example of ____. - answerSpeculative risk 
Insurance will only cover ____ risks. - answerPure 
The transfer of risk from an individual or business to a professional risk taking company is called 
____. - answerInsurance 
Loss is defined as _____ hurt. - answerFinancial 
Having your car stolen is an example of a ____ loss, whereas not having the use of your stole...
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Property and Casualty Chapter 10 Insurance regulation exam questions and answers 2023
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Property and Casualty Chapter 10 Insurance regulation exam questions and answers 2023
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Exam FX (PA Property and Casualty - Ch. 2 Property & Casualty Insurance Basics) with Complete Solutions
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Exam FX (PA Property and Casualty - Ch. 2 Property & Casualty Insurance Basics) with Complete SolutionsExam FX (PA Property and Casualty - Ch. 2 Property & Casualty Insurance Basics) with Complete SolutionsExam FX (PA Property and Casualty - Ch. 2 Property & Casualty Insurance Basics) with Complete SolutionsExam FX (PA Property and Casualty - Ch. 2 Property & Casualty Insurance Basics) with Complete Solutions 
Earned Premium - ANSWER-Portion of the premium paid in advance that now belongs to the...
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Property and Casualty Chapter 1 Exam Questions With 100% Correct Answers
- Exam (elaborations) • 2 pages • 2024
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Property and Casualty Chapter 1 Exam 
Questions With 100% Correct Answers 
A chance of loss is called ___? - answerRisk 
Gambling is an example of ____. - answerSpeculative risk 
Insurance will only cover ____ risks. - answerPure 
The transfer of risk from an individual or business to a professional risk taking company is called 
____. - answerInsurance 
Loss is defined as _____ hurt. - answerFinancial 
Having your car stolen is an example of a ____ loss, whereas not having the use of your stole...
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Property and Casualty Chapter 1 Exam Questions and Complete Solutions
- Exam (elaborations) • 3 pages • 2024
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Property and Casualty Chapter 1 Exam Questions and Complete Solutions
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Property And Casualty Chapter 1 Exam With Correct Solutions
- Exam (elaborations) • 3 pages • 2024
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Property And Casualty Chapter 1 Exam With Correct Solutions 
 
 
 
 
 
 
 
A chance or uncertainty of loss is called ___? - correct answer.Risk 
 
Gambling is an example of ____. - correct answer.Speculative risk 
 
Insurance will only cover ____ risks. - correct answer.Pure 
 
The transfer of risk from an individual or business to a professional risk taking company is called ____. - correct answer.Insurance 
 
Loss is defined as _____ hurt. - correct answer.Financial 
 
Having your car stolen i...
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