AINS 101 EXAM WITH 100%
GUARANTEE PASS
Risk f- fcorrect fanswers f-Uncertainty fabout foutcomes, fcan fbe fpositive for fnegative
- fRisk fmanagement fis fconcerned fwith fboth fpositive fand fnegative, finsurance
falleviates fthe funcertainty fassociated fwith fnegative ffinancial fconsequences
Transferring f- fcorrect fanswers f-The fact fof fmoving fthe ffinancial fconsequences fof
funanticipated fevents fto fan finsurer
Pooling f- fcorrect fanswers f-All finsureds fshare fthe fcost fof feach fother's flosses. f
- fHelps fto fkeep fpremiums faffordable fand fhelps finsurers fcover flarge flosses fwhen
fthey foccur
The fBenefits fof fInsurance f- fcorrect fanswers f-1. fPaying ffor flosses
2. fManaging fcash fflow
3. fComplying fwith flegal frequirements f
4. fPromoting frisk fcontrol factivities
GUARANTEE PASS
Risk f- fcorrect fanswers f-Uncertainty fabout foutcomes, fcan fbe fpositive for fnegative
- fRisk fmanagement fis fconcerned fwith fboth fpositive fand fnegative, finsurance
falleviates fthe funcertainty fassociated fwith fnegative ffinancial fconsequences
Transferring f- fcorrect fanswers f-The fact fof fmoving fthe ffinancial fconsequences fof
funanticipated fevents fto fan finsurer
Pooling f- fcorrect fanswers f-All finsureds fshare fthe fcost fof feach fother's flosses. f
- fHelps fto fkeep fpremiums faffordable fand fhelps finsurers fcover flarge flosses fwhen
fthey foccur
The fBenefits fof fInsurance f- fcorrect fanswers f-1. fPaying ffor flosses
2. fManaging fcash fflow
3. fComplying fwith flegal frequirements f
4. fPromoting frisk fcontrol factivities