Exam (elaborations)
Exam FX- Property and Casualty Glossary Exams
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Aleatory - A contract in which the participating parties agree to exchange unequal amounts. Insurance contracts are ________ in that the amount the insured will pay in premiums is unequal to the amount the insurer will pay in the event of a loss. Alien Insurer - An insurance company that is incorporated outside of the United States. Apparent Authority - The appearance or the assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created. Appraisal - An assessment of property to determine either the correct amount of insurance to be written or the amount of loss to paid. Arbitration - M
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Institution
FX- Property And Casualty
Module
FX- Property and Casualty
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Written for
- Institution
- FX- Property and Casualty
- Module
- FX- Property and Casualty
Document information
- Uploaded on
- August 29, 2023
- Number of pages
- 19
- Written in
- 2023/2024
- Type
- Exam (elaborations)
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- Questions & answers
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abandonment the abdication of insured property
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