CA Life and Health Exam Questions and Answers 100% Correct

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CA Life and Health Exam Questions and Answers 100% Correct

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CA Life and Health Exam Questions and Answers 100% CorrectCA Life and Health Exam Questions and Answers 100% CorrectCA Life and Health Exam Questions and Answers 100% CorrectWhat is insurance? - ANSWER-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? - ANSWER-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? - ANSWER-peril is the causes of loss insured against in an insurance policy What is hazard? - ANSWER-conditions that increase the probability of something bad

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Uploaded on: February 9, 2024
Number of pages: 6
Written in: 2023/2024
Type: Exam (elaborations)
Contains: Questions & answers

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CA Life and Health Exam Questions and Answers 100% Correct

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