Exam (elaborations)
Florida Personal Lines Certified Questions And CORRECT Answers
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Written in
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Risk _________ is when one takes action to prevent or reduce potential loss.Reduction When the number of similar units increases, the predictability of the loss improves according to the rule of _____ ________.Large Numbers The insuring of risks that are more prone to losses than average risks is known as?Adverse Selection A ___________ contract is an arrangement where one insurer transfers or shares risks with another insurer.Reinsurance _____________ Reinsurance is accepted or rejected by a case by case basis.Facultative The fact that an insured would p
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Institution
Florida Personal Lines
Course
Florida Personal Lines
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Written for
- Institution
- Florida Personal Lines
- Course
- Florida Personal Lines
Document information
- Uploaded on
- March 5, 2024
- Number of pages
- 26
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- florida personal lines
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florida personal lines certified questions and co
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