CA Life and Health Exam 84 Questions with Verified Solutions.
What is insurance? - Insurance is the legal contract where two parties agree that if something will happen, a value will be exchanged. What's the difference between pure risk and speculative risk? - Pure risk is when you'll lose it all or there will be no change. Speculative risk you can either win or lose. What is peril? - peril is the causes of loss insured against in an insurance policy What is hazard? - conditions that increase the probability of something bad happening What's the diff between moral, morale, and physical hazard? - physical is the hazard that results from physical body issues. Moral hazard is the evaluation of character (lying) morale hazard is an
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- CA Life and Health
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- CA Life and Health
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- 19 de marzo de 2025
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- 2024/2025
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ca life and health exam 84