Insurance Exam Pt 1 Questions & Answers Latest
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Internal explosion
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1 All of the following are characteristics of a legally enforceable contract except:
2 A state insurance department is responsible for each area with the exception of:
The ____ generally the first page of the policy, contains information such as the
3
insured's name, amount of coverage and other personal coverage information.
Basic Dwelling policy automatically provides coverage against fire, lightning, and ____
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, Terms in this set (25)
The purpose of insurance Transfer
is to ____ risk.
Which one is not a type Condition
of hazard that increases
risk of loss?
A ____ is a legal agreement Contract
that promises
performance in
exchange for
consideration.
Parties who have the Competent
legal capacity to enter
into contract are deemed
____ under the law.
All of the following are Insurance
characteristics of a
legally enforceable
contract except:
____ is valued exchange Consideration
for what is promised in
the contract.
The principle of ____ states Indemnity
that once a loss occurs
the individual should be
restored to the
approximate financial
condition prior to the
loss.
An insurance contract is Aleatory
____ or contingent on an
uncertain event or loss.
Update.
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Internal explosion
Give this one a try later!
1 All of the following are characteristics of a legally enforceable contract except:
2 A state insurance department is responsible for each area with the exception of:
The ____ generally the first page of the policy, contains information such as the
3
insured's name, amount of coverage and other personal coverage information.
Basic Dwelling policy automatically provides coverage against fire, lightning, and ____
Don't know?
, Terms in this set (25)
The purpose of insurance Transfer
is to ____ risk.
Which one is not a type Condition
of hazard that increases
risk of loss?
A ____ is a legal agreement Contract
that promises
performance in
exchange for
consideration.
Parties who have the Competent
legal capacity to enter
into contract are deemed
____ under the law.
All of the following are Insurance
characteristics of a
legally enforceable
contract except:
____ is valued exchange Consideration
for what is promised in
the contract.
The principle of ____ states Indemnity
that once a loss occurs
the individual should be
restored to the
approximate financial
condition prior to the
loss.
An insurance contract is Aleatory
____ or contingent on an
uncertain event or loss.
