C11 Principles and Practice of Insurance Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
Areas of regulation for Intermediaries : Q-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: : 1) Social -Workers Compensation 2) Life and Health Life, accident and sickness, and disability. 3) General property/casualty insurance Personal Property Boiler and Machinery Automobile Commercial property Crime 2 | P a g e Business interruption Liability Aviation Marine Inland Transport Main functions of insurance : 1.) Spread of risk - volume, diversity of risk, location 2.) Security - Peace of mind 3.) Credit - Individuals, banks 4.) Capital - Premium investments 5.) Employment - Insurance creates jobs 6.) Loss prevention - Research Reasons of reinsuring: : 1.) Increase the ins
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- Subido en
- 22 de abril de 2024
- Número de páginas
- 21
- Escrito en
- 2023/2024
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- Examen
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