Webce property casualty - Study guides, Class notes & Summaries

WebCE Property & Casualty Prep Exam 100% Correct

WEBCE life health Florida Exam Ready Questions already solved 2023/2024 Rory's parents offered to buy him a new car to take to college, but Rory turned them down because he was afraid the car would be stolen or damaged if he parked it on campus. In deciding not to own a car, what risk management technique did Rory employ? - correct answer risk avoidance Which of the following is most likely to be an insurable risk? - correct answer The chance that a fire will destroy a building ...

In the context of liability insurance, __________________ refers to a doctrine by which a plaintiff must prove that the defendant's actions set in motion a relatively short chain of events that could have reasonably been anticipated to lead to the plaintiff's damages. Named Perils Proximate Cause Concurrent Causation Punitive Damages 1 of 79 Definition A lower __________________means a more profitable insurer. An insurer with incurred expenses of $20 million and written premiums of $...

WebCE Property & Casualty Prep Exam (correct answers 2023) Risk - answers-Chance of loss 5 Risk or Loss Factors - answers-1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: - answers-Individual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of insurance is: - answers-To indemnify policyholder against covered losses or restore policyholder back to same financial position they were in before

Risk correct answersChance of loss 5 Risk or Loss Factors correct answers1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: correct answersIndividual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of insurance is: correct answersTo indemnify policyholder against covered losses or restore policyholder back to same financial position they were in before Insurance companies may used term risks to refer...

Risk - answer-Chance of loss 5 Risk or Loss Factors - answer-1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: - answer-Individual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of insurance is: - answer-To indemnify policyholder against covered losses or restore policyholder back to same financial position they were in before Insurance companies may used term risks to refer...

WEBCE PROPERTY & CASUALTY PREP EXAM 2023 QUESTIONS WITH COMPLETE ANSWERS GRADED A+ Risk - CORRECT ANS Chance of loss 5 Risk or Loss Factors - CORRECT ANS 1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: - CORRECT ANS Individual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of insurance is: - CORRECT ANS To indemnify policyholder against covered losses or restore policyholder back to same finan...

Webce life health Florida Exam Questions and Answers with Complete Solution Rated A+ Rory's parents offered to buy him a new car to take to college, but Rory turned them down because he was afraid the car would be stolen or damaged if he parked it on campus. In deciding not to own a car, what risk management technique did Rory employ? - risk avoidance Which of the following is most likely to be an insurable risk? - The chance that a fire will destroy a building Theodore pays an annua...

WEBCE PROPERTY & CASUALTY PREP EXAM WITH THE CORRECT ANSWERS UPDATED.