Exam (elaborations)
FUNDAMENTALS OF INSURANCE QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
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RISK - correct answer IS THE CHANCE OF FINANCIAL LOSS PERIL - correct answer IS THE CAISE OF FINANCIAL LOSS FOR EXAMPLE- FIRE WATER AND EARTHQUAKE WHAT IS THE MAIN PURPOSE OF INSURANCE - correct answer IS TO ALLOW THE SPREAD OF RISK INDEMNITY - correct answer MEANS RESTORING THE INSUREDS TO THE SAM FINANCIAL POSITION AS THEY WERE IN IMMEDIATELY PRIOR TO THE LOSS. WHOSE OPTION IS TO OF HOW THEY WANT TO SETTLE A CLAIM? - correct answer THE INSURER INSURANCE INDEMNIFIES - correct answer FUTURE AND ACCIDENTAL LOSSES ONLY, NOT THE PLANNED LOSSES
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Institution
FUNDAMENTALS OF INSURANCE
Module
FUNDAMENTALS OF INSURANCE
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Written for
- Institution
- FUNDAMENTALS OF INSURANCE
- Module
- FUNDAMENTALS OF INSURANCE
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- Uploaded on
- October 7, 2023
- Number of pages
- 36
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
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fundamentals of insurance questions and answers
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