Property and casualty insurance 2022 2023
University Of California - Riverside
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![Property and Casualty insurance exam Solution guide_2022.](/docpics/637bee1a4e906_2124694.jpg)
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Property and Casualty insurance exam Solution guide_2022.
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Property and Casualty insurance exam Solution guide_2022. 
Insurance - The transfer of risk through a legal contract 
 
Property - Covers real property and personal property against damage or loss resulting from covered causes of loss called perils 
 
casualty - covers non-property losses (3rd Party) 
 
Personal lines - Insurance for families and individuals 
 
Commercial Lines - Insurance for Business 
 
Risk - Uncertainty of financial loss 
 
Pure Risk - Chance of loss only (insurance only cov...
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