Ms insurance Adjuster test questions with correct answers

Which of the following best describes insurance? A)Restoration to the previous financial condition, no more, no less B)An economic device used to protect against the risk of unforeseen and extraordinary financial loss C)Transfer of right to collect a debt from one entity to another D)A legally enforceable agreement between parties CORRECT ANSWER B)An economic device used to protect against the risk of unforeseen and extraordinary financial loss Which of the following best describes insurance? A)Restoration to the previous financial condition, no more, no less B)An economic device used to protect against the risk of unforeseen and extraordinary financial loss C)Transfer of right to collect a debt from one entity to another D)A legally enforceable agreement between parties CORRECT ANSWER B)An economic device used to protect against the risk of unforeseen and extraordinary financial loss