Gambling is an example of - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Gambling is an example of? On this page you'll find 921 study documents about Gambling is an example of.
Page 4 out of 921 results
Sort by
-
AL P&C University of Alabama Study Guide (2023/2024) 100% Pass
- Exam (elaborations) • 93 pages • 2024
- Available in package deal
-
- $11.99
- + learn more
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...
-
AL P&C University of Alabama Study Guide Questions and Answers Rated A+
- Exam (elaborations) • 93 pages • 2024
- Available in package deal
-
- $11.99
- + learn more
AL P&C University of Alabama Study 
Guide Questions and Answers Rated A+ 
 
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...
-
214 FLORIDA INSURANCE ACTUAL EXAM WITH QUESTIONS AND ANSWERS VERIFIED
- Exam (elaborations) • 121 pages • 2024
-
Available in package deal
-
- $12.00
- + learn more
Life Insurance - This type of insurance pays when an insured has died to offset the economic loss to dependents. 
A) life 
B) health 
C) annuity 
D) property and casualty 
Policy - An insurance _________ is the device used by insurance companies to accumulate funds to meet uncertain losses. 
Risk Pooling - Insurance companies aggregate (collect) premiums to make claims payments - the aggregating of premiums to pay claims is called _____ ___________. 
Exposure Units - The more _______ units an in...
-
Alabama Life & Health Insurance Exam || All Questions Answered Correctly.
- Exam (elaborations) • 20 pages • 2024
-
Available in package deal
-
- $11.49
- + learn more
Which of the following would be considered a speculative risk? correct answers The possibility the painting you bought might be a long-lost masterpiece 
 
A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, Casino's, Lottery, etc. All of the other choices describe pure risk, where there is no chance of gain, only a chance of loss exists. 
 
Which is the proper term for a company owned by its policy owners? correct answers A mutual insurance company 
...
-
Texas All Lines Adjuster questions n answers rated A+
- Exam (elaborations) • 64 pages • 2024
- Available in package deal
-
- $23.99
- + learn more
Texas All Lines AdjusterReinsurance 
Allows an insurance company to sell part of the risk they have assumed from a policyholder and thereby write more insurance and protect the company from any large losses it would not be able to handle on its own. 
 
 
Stock Companies 
Insurance companies owned by stockholders. Charge non-assessable fixed premiums. If company creates a profit, they may pay stockholders through dividends 
 
 
Mutual Companies 
Insurance company owned by the policyholders. Can p...
Fear of missing out? Then don’t!
-
CDFA Exam Study Materials Questions & Correct Answers | Latest Update |Already Graded A+
- Exam (elaborations) • 55 pages • 2024
- Available in package deal
-
- $15.19
- + learn more
5-year cliff vesting 
: An employee who has at least five years of service must have a non-forfeitable 
right to 100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. 
3- to 7-year vesting (7-year graded vesting) 
: An employee who has completed at least three years of service must have a nonforfeitable right to at least the following percentages of his or her accrued benefit: 20% 
after three years of service, 40% after four years of service, 60% after five years of 
service, 80% af...
-
CDFA EXAM STUDY MATERIALS | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
- Exam (elaborations) • 56 pages • 2024
-
- $13.99
- + learn more
An employee who has at least five years of service must have a non-forfeitable right to 
100% of the employee's accrued benefit [IRC §411(a)(2)(A)]. 
Correct Answer: 5-year cliff vesting 
An employee who has completed at least three years of service must have a nonforfeitable right to at least the following percentages of his or her accrued benefit: 20% 
after three years of service, 40% after four years of service, 60% after five years of 
service, 80% after six years of service, and 100%...
-
WebCE Quizzes: General Insurance & Life Insurance exam 2024 with 100% correct answers
- Exam (elaborations) • 128 pages • 2024
-
Available in package deal
-
- $28.49
- + learn more
Buying life or health insurance is an example of which risk management technique? 
 
risk avoidance 
risk reduction 
risk retention 
risk transfer correct answersrisk transfer 
 
What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or morbidity losses at any given age? 
 
law of large numbers 
underwriting principle 
law of probability 
actuarial principle correct answerslaw of large numbers 
 
A person who refuses to engage is risk...
-
Alabama Life & Health Insurance Final Exam And Answers Graded A+ 2024.
- Exam (elaborations) • 26 pages • 2024
-
Available in package deal
-
- $9.99
- + learn more
Which of the following would be considered a speculative risk? - Answer The possibility the painting you bought might be a long-lost masterpiece 
 
A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, Casino's, Lottery, etc. All of the other choices describe pure risk, where there is no chance of gain, only a chance of loss exists. 
 
Which is the proper term for a company owned by its policy owners? - Answer A mutual insurance company 
 
A prod...
-
USAA Licensing Exam Latest Update Graded A+
- Exam (elaborations) • 45 pages • 2024
- Available in package deal
-
- $11.99
- + learn more
USAA Licensing Exam Latest Update 
 
Graded A+ 
 
Insurance Transfer of risk from one person or organization to an insurance company 
 
Indemnity The principle to restore the insured to the pre-loss economic or financial 
condition. 
 
Law of Large numbers Mathematical principle used by insurers to predict losses to charge 
the appropriate premiums 
 
Insurable Interest Proof that someone stands to lose financially if a loss occurs; must exist at 
the time of the loss in property and casualty in...
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia