CIP C12 - Insurance on Property - Midterm Defining Property Insurance - CORRECT ANSWER--Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Int
CIP C12 - Insurance on Property - Midterm Defining Property Insurance - CORRECT ANSWER--Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property - CORRECT ANSWER-R: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is based on - CORRECT ANSWER--Insured
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- CIP C12 - Insurance on Property - Midtrm Defining
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- CIP C12 - Insurance on Property - Midtrm Defining
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- Uploaded on
- April 12, 2024
- Number of pages
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- 2023/2024
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- Exam (elaborations)
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- Questions & answers
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cip c12 insurance on property midterm defining
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