Exam FX- Property and Casualty Glossary Exams
Aleatory - A contract in which the participating parties agree to exchange unequal amounts. Insurance contracts are ________ in that the amount the insured will pay in premiums is unequal to the amount the insurer will pay in the event of a loss. Alien Insurer - An insurance company that is incorporated outside of the United States. Apparent Authority - The appearance or the assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created. Appraisal - An assessment of property to determine either the correct amount of insurance to be written or the amount of loss to paid. Arbitration - M
Escuela, estudio y materia
- Institución
- FX- Property and Casualty
- Grado
- FX- Property and Casualty
Información del documento
- Subido en
- 29 de agosto de 2023
- Número de páginas
- 19
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
Temas
-
abandonment the abdication of insured property