Exam (elaborations)
Florida Health & Life (Including Annuities & Variable Contracts) Questions and Correct Answers
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Florida Health & Life (Including Annuities & Variable Contracts) Questions and Correct Answers Risk Can be defined as uncertainty regarding financial loss Speculative Risks You can Win or lose/ loss or gain Pure Risks Only change is Loss Peril defined as the immediate specific event causing loss and giving rise to risk. Hazard A factor that give rise to a Peril 1- physical Hazards Deafness and blindness-increase the chance of a peril 2-Moral Hazards Alcohol/drug addiction/intentional..tendencies that people may have that increase risk and the chance of loss
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Institution
Florida Life And Health
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Florida life and health
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Written for
- Institution
- Florida life and health
- Course
- Florida life and health
Document information
- Uploaded on
- May 4, 2025
- Number of pages
- 7
- Written in
- 2024/2025
- Type
- Exam (elaborations)
- Contains
- Questions & answers
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florida health life including annuities varia
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risk can be defined as uncertainty regarding fina
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speculative risks you can win or lose loss or ga
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