215 Insurance License Exam COMPLETE QUESTIONS AND CORRECT ANSWERSVERIFIED 100% GRADED A+

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215 Insurance License Exam COMPLETE QUESTIONS AND CORRECT ANSWERSVERIFIED 100% GRADED A+

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2025/2026

Institution 215 Insurance License

Course 215 Insurance License

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215 Insurance License Exam 2026 2027 COMPLETE QUESTIONS AND CORRECT ANSWERSVERIFIED 100% GRADED A+ 215 Insurance License Exam 2026 2027 COMPLETE QUESTIONS AND CORRECT ANSWERSVERIFIED 100% GRADED A+ 215 Insurance License Exam 2026 2027 COMPLETE QUESTIONS AND CORRECT ANSWERSVERIFIED 100% GRADED A+

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2/13/26, 11:58 AM 215 Insurance License Exam

215 Insurance License Exam 2026 -
2027 \COMPLETE QUESTIONS AND
CORRECT ANSWERS\VERIFIED 100%
GRADED A+

peril

event causing loss
Ex: fire, death, accident, windstorm, disease

hazard

any factor that gives rise to peril or increase
likelihood of a loss from a peril

physical hazard

slippery floor, blindness, deafness, past medical
history

/ 1/26

,2/13/26, 11:58 AM 215 Insurance License Exam

moral hazard

intentional act, tendencies to
take risks; Ex: alcoholism,
drugs, dishonesty

morale hazard

carelessness, indifference
Ex: driving recklessly with no fear of injury

risk avoidance

avoiding the risk, don't do anything
Ex: choosing not to drive, fly or invest (not practical)

risk reduction

reducing the risk of a loss
Ex: installing smoke detectors, quit smoking, don't
test and drive

/ 2/26

, 2/13/26, 11:58 AM 215 Insurance License Exam

risk retention

self-insure, setting up fund to offset your
losses; should be limited to what you can
easily afford to pay

risk transfer

purchasing insurance, best way; transferring
risk from an individual to an insurance
company

adverse selection

tendency for less favorable insurance risks to seek
and continue insurance to greater extent than
other risks
Ex: people in poor health

risk pooling

/ 3/26

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Uploaded on: February 13, 2026
Number of pages: 26
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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