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Fundamentals of Insurance Test Questions 7 With Correct Answers(RATED A)

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Fundamentals of Insurance Test Questions 7 With Correct Answers(RATED A)Insurance industry is over 700 years old? - AnswerTrue First type of insurance: - AnswerMarine Lloyd's of London is not an insurance company? - AnswerTrue Why was it important to the colonists of the new world to transfer the risks associated with the trade industry? - AnswerBecause they stood to lose everything with the loss of any one cargo What two insurance markets did the new colonies have? - AnswerLife & Fire Why were possessions so important to the colonists? - AnswerBecause they had so few What was significant of fire marks? - AnswerThey helped determine fire fighters whether or not to fight the fire

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