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*******CA Life & Health Cards Chapter 1 Basic Insurance Multiple Choice Exam Questions & Answers 100% Correct
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The risk management technique that is used to prevent a specific loss by not exposing oneself to that activity is called A) Transfer B) Reduction C) Sharing D) Avoidance - ANSWER-D) Avoidance What do individuals use to transfer their risk of loss to a larger group? A) Indemnity B) Insurance C) Insurable interest D) Exposure - ANSWER-B) Insurance Insurance is a contract by which one seeks to protect another from A) Hazards B) Loss C) Exposure D) Uncertainty - ANSWER-B) Loss
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CA Life & Health Cards Chapter 1 Basic Insurance M
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CA Life & Health Cards Chapter 1 Basic Insurance M
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the risk management technique that is used to pre
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