Exam (elaborations)
Texas Property & Casualty License questions with correct answers
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Property vs Casualty: What is considered property? CORRECT ANSWER Structure & Personal Property Property vs Casualty: What is considered casualty? CORRECT ANSWER Non-property losses. Legal liability to others. 3rd Party Risk CORRECT ANSWER uncertainty of financial loss Pure Risk CORRECT ANSWER Chance of Loss Speculative Risk CORRECT ANSWER Chance of Loss or Gain (Gamble) Insurance (covers which type of risk?) CORRECT ANSWER Pure Risk Only How does the law of large numbers apply in insurance? CORRECT ANSWER Actuaries use the law of lar
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Institution
Property & Casualty
Module
Property & Casualty
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Written for
- Institution
- Property & Casualty
- Module
- Property & Casualty
Document information
- Uploaded on
- October 19, 2023
- Number of pages
- 15
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
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texas property casualty license questions with c
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