240 Insurance License Exam-Questions Solved
100% Correct| Newest 2025|Verified Solutions
Buying life or health insurance is an example of which risk management technique? -
✔✔risk transfer
From an insurance perspective, all the following statements regarding risk and loss are
correct EXCEPT: - ✔✔Only speculative risk is insurable.
The tendency of a person diagnosed with a serious illness to try to buy life or health
insurance is known as: - ✔✔adverse selection
Which of the following is an insurable risk? - ✔✔the possibility of becoming disabled
and unable to earn an income
As a risk management technique, which of the following best illustrates risk transfer? -
✔✔Robert purchases life insurance because he figures doing so is far less expensive
than trying to save all the money his survivors would need upon his death.
All of the following are elements of an insurable risk EXCEPT: - ✔✔Losses resulting
from the insured peril must be potentially catastrophic.
All of the following are insurable risks EXCEPT: - ✔✔the risk of one's home value
decreasing due to a drop in market prices
Lucy is applying for an individual health insurance policy and discloses that she is
diabetic, which is considered which of the following? - ✔✔a physical hazard
100% Correct| Newest 2025|Verified Solutions
Buying life or health insurance is an example of which risk management technique? -
✔✔risk transfer
From an insurance perspective, all the following statements regarding risk and loss are
correct EXCEPT: - ✔✔Only speculative risk is insurable.
The tendency of a person diagnosed with a serious illness to try to buy life or health
insurance is known as: - ✔✔adverse selection
Which of the following is an insurable risk? - ✔✔the possibility of becoming disabled
and unable to earn an income
As a risk management technique, which of the following best illustrates risk transfer? -
✔✔Robert purchases life insurance because he figures doing so is far less expensive
than trying to save all the money his survivors would need upon his death.
All of the following are elements of an insurable risk EXCEPT: - ✔✔Losses resulting
from the insured peril must be potentially catastrophic.
All of the following are insurable risks EXCEPT: - ✔✔the risk of one's home value
decreasing due to a drop in market prices
Lucy is applying for an individual health insurance policy and discloses that she is
diabetic, which is considered which of the following? - ✔✔a physical hazard
