Chapters 1-21 of WebCE life and health
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Terms in this set (14)
Shirley is financially responsible d. adverse selection
for her minor children but has
never owned life insurance. She
wants to purchase life insurance
after being diangosed with a
possibly terminal disease. Which
of the following characterizes her
desire to purchase life insurance?
a. clean sheeting
b. warehousing
c. material misrepresentation
d. adverse selection
, Arthur is concerned that flying on c. risk avoidance
a commercial airliner exposes him
to the risk that he will be injured or
killed in an aircraft accident. He
manages that risk by choosing
other modes of transportation.
What is this method of risk
management?
a. risk transfer
b. risk reduction
c. risk avoidance
d. risk assumption
Insurance policies are offered to A. Adhesion
proposed insured on a "take it or
leave it" basis, giving them no
ability to negotiate terms or price
which term describes this feature
of insurance contracts.
A. Adhesion
B. Aleatory
C. Unilateral
D. Commutative
insurance essentials Exam | Questions with
100% Correct Answers | Verified | Latest
Update 2026
Save
Terms in this set (14)
Shirley is financially responsible d. adverse selection
for her minor children but has
never owned life insurance. She
wants to purchase life insurance
after being diangosed with a
possibly terminal disease. Which
of the following characterizes her
desire to purchase life insurance?
a. clean sheeting
b. warehousing
c. material misrepresentation
d. adverse selection
, Arthur is concerned that flying on c. risk avoidance
a commercial airliner exposes him
to the risk that he will be injured or
killed in an aircraft accident. He
manages that risk by choosing
other modes of transportation.
What is this method of risk
management?
a. risk transfer
b. risk reduction
c. risk avoidance
d. risk assumption
Insurance policies are offered to A. Adhesion
proposed insured on a "take it or
leave it" basis, giving them no
ability to negotiate terms or price
which term describes this feature
of insurance contracts.
A. Adhesion
B. Aleatory
C. Unilateral
D. Commutative
