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Fundamentals of Insurance - Practice Exam| 100 Questions| Correct Answers(GRADED A)

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Fundamentals of Insurance - Practice Exam| 100 Questions| Correct Answers(GRADED A) Three Main Categories Of Risk - ANSWER 1) Personal Risk 2)Property Risk 3)Liability Risk What are the FIVE elements of a contract? A) Agreement, Risk, Loss, Consideration, Legality B) Legal Capacity, Legality of Object, Consideration, Agreement, Genuine Intention C) Agreement, Legal Capacity, Risk, Loss, Consideration. D) None of the above - ANSWER B) Legal Capacity, Legality of Object, Consideration, Agreement, Genuine Intention What is needed for an agreement to exist? - ANSWER An offer made; AND an unconditional acceptance of the terms of that offer What do these abbreviations stand for? 1) T/a 2)D/b/a 3)O/a - ANSWER 1) Trading as 2) Doing Business as 3) Operating as

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  • fundamentals of insurance
  • fundamentals of insurance practice exam 100 que
  • three main categories of risk answer 1 persona
  • what are the five elements of a contract a agre

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