North Carolina Property and
Casualty Insurance Overview
Actual Exam 2025 | Complete
Questions and Correct Answers |
Graded A+ | Verified Answers |
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Terms in this set (475)
What is a Slow down and read each
recommended question thoroughly, paying
strategy for attention to words like 'not',
reading exam 'except', or 'unless'.
questions?
, Insurance is a plan of spreading
What is the
the risk of possible loss over a
definition of
large number of people,
insurance as
protecting against the uncertainty
provided in the
of when a financial loss might
manual?
occur.
What The Law of Large Numbers.
mathematical
principle is
insurance based
on?
What is a A risk where there is a chance of
speculative gain as well as a chance of loss.
risk?
What is It is a dependable and desirable
emphasized field for a business career, offering
about the opportunities for continuous
nature of the learning and success.
insurance
industry?
, What is the Your first thought is usually the
significance of best one.
the first thought
during the
exam?
What is the The ability to read carefully is
importance of almost as important as content
reading knowledge for the exam.
questions
carefully in the
exam?
A speculative risk is when there is a
What is a
chance of gain as well as a chance
speculative
of loss, such as buying a stock or
risk?
gambling.
A pure risk is when there is a
chance of loss only, and these risks
What is a pure
are the subject of insurance
risk?
protection, although not all pure
risks are insurable.
Casualty Insurance Overview
Actual Exam 2025 | Complete
Questions and Correct Answers |
Graded A+ | Verified Answers |
Brand New Version!
Save
Terms in this set (475)
What is a Slow down and read each
recommended question thoroughly, paying
strategy for attention to words like 'not',
reading exam 'except', or 'unless'.
questions?
, Insurance is a plan of spreading
What is the
the risk of possible loss over a
definition of
large number of people,
insurance as
protecting against the uncertainty
provided in the
of when a financial loss might
manual?
occur.
What The Law of Large Numbers.
mathematical
principle is
insurance based
on?
What is a A risk where there is a chance of
speculative gain as well as a chance of loss.
risk?
What is It is a dependable and desirable
emphasized field for a business career, offering
about the opportunities for continuous
nature of the learning and success.
insurance
industry?
, What is the Your first thought is usually the
significance of best one.
the first thought
during the
exam?
What is the The ability to read carefully is
importance of almost as important as content
reading knowledge for the exam.
questions
carefully in the
exam?
A speculative risk is when there is a
What is a
chance of gain as well as a chance
speculative
of loss, such as buying a stock or
risk?
gambling.
A pure risk is when there is a
chance of loss only, and these risks
What is a pure
are the subject of insurance
risk?
protection, although not all pure
risks are insurable.
