Property & Casualty Insurance UPDATED
SCRIPT 2026 PRACTICE SOLUTIONS
GRADED A+
● Casualty Insurance. Answer: Insures against the loss and/or damage
of property and resulting liabilities.
● Loss. Answer: The reduction, decrease or disappearance of value of
the person or property insured in a policy, caused by a named peril.
● Insurance. Answer: Provides a means to transfer loss.
● Hazard. Answer: Physical, moral, or morale.
● Peril. Answer: Cause of loss, life, health, property, casualty.
●
SCRIPT 2026 PRACTICE SOLUTIONS
GRADED A+
● Casualty Insurance. Answer: Insures against the loss and/or damage
of property and resulting liabilities.
● Loss. Answer: The reduction, decrease or disappearance of value of
the person or property insured in a policy, caused by a named peril.
● Insurance. Answer: Provides a means to transfer loss.
● Hazard. Answer: Physical, moral, or morale.
● Peril. Answer: Cause of loss, life, health, property, casualty.
●
