Florida 215 Exam (Florida health, life and annuity)
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Risk avoidance
Choose an answer
__________occures when an individual The true significance of insurance is
1 2
eludes risks entirely. to replace the unknown with
_________________ occurs when the __________ risk involves the possibility of
3 4
chances of loss are lessened loss and gain .
Don't know?
Terms in this set (24)
, The true significance of A sense of security
insurance is to replace the
unknown with
______________ insurance is/are Health
based on scientific
principles.
_______________ insurance Life
is/are based on actuarial
or mathematical .
The basic reasons for True
insurance are : (1) protect
the insured against
financial loss and (2)
restores the insured to the
same status as before the
loss .
__________ risk involves the Speculative
possibility of loss and gain
.
A______ risk involves the Pure
possibility of loss only.
A hazard is the source of True
danger that leads to the
probability of a particular
loss to the insurer.
A peril is the cause of a True
risk .
A bodily disease of Physical
endangerment such as
cancer presents a
_____________ hazard .
Questions & Answers
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Risk avoidance
Choose an answer
__________occures when an individual The true significance of insurance is
1 2
eludes risks entirely. to replace the unknown with
_________________ occurs when the __________ risk involves the possibility of
3 4
chances of loss are lessened loss and gain .
Don't know?
Terms in this set (24)
, The true significance of A sense of security
insurance is to replace the
unknown with
______________ insurance is/are Health
based on scientific
principles.
_______________ insurance Life
is/are based on actuarial
or mathematical .
The basic reasons for True
insurance are : (1) protect
the insured against
financial loss and (2)
restores the insured to the
same status as before the
loss .
__________ risk involves the Speculative
possibility of loss and gain
.
A______ risk involves the Pure
possibility of loss only.
A hazard is the source of True
danger that leads to the
probability of a particular
loss to the insurer.
A peril is the cause of a True
risk .
A bodily disease of Physical
endangerment such as
cancer presents a
_____________ hazard .
