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Exam (elaborations)
Property/Casualty Illinois for State Exam questions and answers. 
 
ISO (Insurance Services Office) - n 
 Ans 
ISO creates standardized property and casualty insurance policies that are approved by states and used as a standard policy for insurers. 
 

Property/Casualty Illinois for State Exam questions and answers. 
 
ISO (Insurance Services Office) - n 
 Ans 
ISO creates standardized property and casualty insurance policies that are approved by states and used as a standard policy for insurers. 
 
-they can be modified to comply with state regulations 
-may be modified to a degree for insurance companies to create their own policy form 
 
Qs 
 define insurance - n 
 Ans 
Insurance transfers the risk of loss from an individual or busines...