C11 Study guides, Class notes & Summaries

Three types of risk : Personal Property Liability Examples of personal risk : premature death physical disability old age unemployment Examples of property risk : clothes sports equipment electronics books 2 | P a g e Examples of liability risk : you cause injury to others you damage the property of others injuries to others occur on your property your children cause injury/damage your pets cause injury/damage Indemnify : return to the same financial position as just prior...

Pure risk : Type of risk that can be insured Speculative risk : Risk example: Antoine's new barber shop Peril : Event leading to a loss Proximate cause of loss : Immediate cause of loss, e.g., malfunction leading to damage Earnings : Profit: revenue minus expenses Cost of risk 2 | P a g e : All pure risk management costs Social responsibility : Objective pre- and post-loss in risk management Indemnify : Compensate for incurred loss Premium : Insurer's financial contribution ...

C11 Principles and Practice of Insurance Exam Questions With Verified Answers Areas of regulation for Intermediaries - answerQ-ualifaction (must pass test) O-peration of business (must follow requirements) L- Icences - Must have license L- icence Renewal - Renewed annual The Categories of insurance: - answer1) Social -Workers Compensation 2) Life and Health Life, accident and sickness, and disability. 3) General property/casualty insurance Personal Property Boiler and Machinery Auto...

C11 Principles and Practice of Insurance With complete solution

CIP C11 - Final Exam Review 1 With complete solution

CIP C11 - Final Exam Review 1 Questions & answers

C11 Principles and Practice of Insurance Exam Questions With Verified Answers Areas of regulation for Intermediaries - answerQ-ualifaction (must pass test) O-peration of business (must follow requirements) L- Icences - Must have license L- icence Renewal - Renewed annual The Categories of insurance: - answer1) Social -Workers Compensation 2) Life and Health Life, accident and sickness, and disability. 3) General property/casualty insurance Personal Property Boiler and Machinery Auto...

C11 Principles and Practice of Insurance

C11 - Principles & Practice With complete solution