Unincorporated Study guides, Revision notes & Summaries

Insurance - correct answer -the transfer of Pure risk to the insurance company in consideration for a premium must be pure risk and calculable. Pure Risk - correct answer -the chance of loss without any chance of gain; insurable Speculative Risk - correct answer -possibility for gain or loss; not insurable Risk - correct answer -Chance of loss Exposure - correct answer -a condition that could result in loss hazard - correct answer -something that increases the chance of loss ...

One marketing system for life and health insurance and property and liability insurance does not use agents or brokers. Instead, potential customers are solicited by television, radio, print ads, and other media. This marketing system is called a) personal selling distribution system. b) the direct writer system. c) the exclusive agency system d) the direct response system - ANSWER d) the direct response system All of the following are property and liability insurance marketing systems ...

PA Life, Accident, & Health Insurance Exam Questions and Answers Already Passed Insurance defined as the transfer of PURE risk to the insurance company in consideration for a premium. The chance of loss without any chance of gain is called pure risk Speculative risk has the possibility for gain or loss and is not insurable. Risk is defined as the chance of loss. A condition that could result in a loss is known as an exposure A hazard is something that increases the chance ...

AINS 101 Exam Prep| Complete Questions Answered 100% Correctly| Updated As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield break...

MN Salon Manager Test Questions with 100% correct answers A ________ is any person who for compensation performs cosmetic care of the hair, skin & nails. Cosmetologist "__________" is the practice of personal services for the comensation, for the cosmetic care of the hair, nails, and skin. Cosmetology An ___________ is any person who, for comensation, performs personal services for the cosmetic care of the skin only. Esthetician A "__________" is any person who, for compensation...

Massachusetts Life and Health Insurance Exam Already Passed Insurance Transfer of Risk Risk Uncertainty/ Possibility of Loss Exposure Risks for which the insurance company would be liable Peril Cause of Loss Hazard Something that causes an increase in the chance of loss Physical Hazard Hazard that can be seen Moral Hazard A belief that intentionally causing a loss is acceptable Morale Hazard Carelessness STARR Method of handling risk S- Method of handling risks Sha...

GA Insurance Adjuster Course Exam Questions and Answers 100% Pass Six Special Characteristic of Insurance Contracts - Correct Answer ️️ -Personal, Adhesion, Utmost Good Faith, Aleatory, Unilateral, Condition Coverage F - Correct Answer ️️ -Medical Payments Umbrella - Correct Answer ️️ -An umbrella policy provided liability coverage over and above the normal or base limits of liability in a policy. An umbrella policy is a type of excess policy Risk Transference - Correct Answe...

MS Property & Casualty question and answers latest hrs & 3 of those hours ethics To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 12 hrs To renew a producer license which is been in effect for 18 months or less, a producer must complete________ of CE. 30 days A producer must report to the commissioner any administrative action taken against the producer in any jurisdiction, for by another governmental agency in the st...

Insurance - Answer- the transfer of Pure risk to the insurance company in consideration for a premium must be pure risk and calculable. Pure Risk - Answer- the chance of loss without any chance of gain; insurable Speculative Risk - Answer- possibility for gain or loss; not insurable Risk - Answer- Chance of loss Exposure - Answer- a condition that could result in loss hazard - Answer- something that increases the chance of loss eg. presence of physical hazard increases the c...

All of the following are included in the definition of person under the Uniform Securities Act EXCEPT a deceased individual an unincorporated association a political subdivision the custodian for a minor - a deceased individual A minor, but not the custodian, a deceased individual, and an individual whom the court has deemed incompetent are not persons under the USA. Natural persons and legal entities are persons under the USA. 1.1