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INSURANCE
GOOD LUCK
[Show more]GOOD LUCK
[Show more]Risk - ANSWERS the chance of financial loss 
Risk is NOT the loss itself, but the _________ of loss. - ANSWERS CHANCE 
Policy - ANSWERS a written contract for effecting insurance and includes Clauses, 
Riders, endorsements, and papers which are part of the contract 
Insurance - ANSWERS a contract w...
Preview 2 out of 9 pages
Add to cartRisk - ANSWERS the chance of financial loss 
Risk is NOT the loss itself, but the _________ of loss. - ANSWERS CHANCE 
Policy - ANSWERS a written contract for effecting insurance and includes Clauses, 
Riders, endorsements, and papers which are part of the contract 
Insurance - ANSWERS a contract w...
The clause identifying which losses resulting from an accident or sickness are insured 
by the policy is called the: - ANSWERS Insuring clause 
K applies for a life insurance policy on herself and submits the initial premium with the 
application. She is given a receipt by the agent stating that c...
Preview 2 out of 12 pages
Add to cartThe clause identifying which losses resulting from an accident or sickness are insured 
by the policy is called the: - ANSWERS Insuring clause 
K applies for a life insurance policy on herself and submits the initial premium with the 
application. She is given a receipt by the agent stating that c...
Which of the following types of families is likely to have the least need for a large 
amount of life insurance? 
A) blended family 
B) traditional family 
C) single person family 
D) sandwich family - ANSWERS c 
The human life value is defined as the 
A) present value of a deceased breadwinner's ...
Preview 4 out of 35 pages
Add to cartWhich of the following types of families is likely to have the least need for a large 
amount of life insurance? 
A) blended family 
B) traditional family 
C) single person family 
D) sandwich family - ANSWERS c 
The human life value is defined as the 
A) present value of a deceased breadwinner's ...
What is the major function of insurance? - ANSWERS To allow the spread of risk. 
Define "Spread of Risk" - ANSWERS "The losses of the few are shared among the 
many" 
What are the 4 other functions of insurance? - ANSWERS 1. Basis of Credit System 
2. Eliminates worry - Encourages Entrepreneurs...
Preview 3 out of 21 pages
Add to cartWhat is the major function of insurance? - ANSWERS To allow the spread of risk. 
Define "Spread of Risk" - ANSWERS "The losses of the few are shared among the 
many" 
What are the 4 other functions of insurance? - ANSWERS 1. Basis of Credit System 
2. Eliminates worry - Encourages Entrepreneurs...
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