FUNDAMENTALS OF INSURANCE QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
RISK - correct answer IS THE CHANCE OF FINANCIAL LOSS PERIL - correct answer IS THE CAISE OF FINANCIAL LOSS FOR EXAMPLE- FIRE WATER AND EARTHQUAKE WHAT IS THE MAIN PURPOSE OF INSURANCE - correct answer IS TO ALLOW THE SPREAD OF RISK INDEMNITY - correct answer MEANS RESTORING THE INSUREDS TO THE SAM FINANCIAL POSITION AS THEY WERE IN IMMEDIATELY PRIOR TO THE LOSS. WHOSE OPTION IS TO OF HOW THEY WANT TO SETTLE A CLAIM? - correct answer THE INSURER INSURANCE INDEMNIFIES - correct answer FUTURE AND ACCIDENTAL LOSSES ONLY, NOT THE PLANNED LOSSES
Escuela, estudio y materia
- Institución
- FUNDAMENTALS OF INSURANCE
- Grado
- FUNDAMENTALS OF INSURANCE
Información del documento
- Subido en
- 7 de octubre de 2023
- Número de páginas
- 36
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
Temas
-
fundamentals of insurance questions and answers