Fundamentals of Insurance Final Test Latest Update 2023(Graded A)
Fundamentals of Insurance Final Test Latest Update 2023(Graded A) Risk - AnswerThe Chance of loss happening Insurance Policy - Answerlegal contract designed to cover specific future losses Product Option - AnswerSpecial features added to a basic policy that increase the cost of the premium Insured - AnswerIndividual who agrees to transfer risk by paying certain sums of money to the insurer Uninsured - AnswerAn individual who has no insurance at all Liability - AnswerLegal responsibility, financial obligation Claim - Answerrequest for reimbursement to cover losses due to an event
Información del documento
- Subido en
- 25 de noviembre de 2023
- Número de páginas
- 4
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas