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MISSISSIPPI PROPERTY AND CASUALTY INSURANCE TEST ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS
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MISSISSIPPI PROPERTY AND CASUALTY INSURANCE TEST ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Risk - Answer -uncertain, possibility of loss. Speculative risk - Answer -chance of loss or gain Pure risk - Answer -chance of loss only What type of risk is insurable? - Answer -Pure risk peril - Answer -the cause of loss If a house burns down what is the peril? - Answer -Fire loss - Answer -the unintended, unforeseen damage to property, injury, or amount paid. direct loss - Answer -physical loss to property with no intervening cause. Indirect loss - Answer -consequential loss as the result from direct loss. hazard - Answer -anything that increases the chance that a loss wil
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Institution
MISSISSIPPI INSURANCE
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MISSISSIPPI INSURANCE
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Written for
- Institution
- MISSISSIPPI INSURANCE
- Course
- MISSISSIPPI INSURANCE
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- Uploaded on
- August 18, 2025
- Number of pages
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- Written in
- 2025/2026
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- Exam (elaborations)
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- Questions & answers
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mississippi property and casualty insurance test
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mississippi property and casualty insurance 2025
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mississippi property and casualty insurance 2026
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risk answer uncertain possibility of loss spe
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