CONNECTICUT PROPERTY INSURANCE LICENSE EXAM 2024

CONNECTICUT PROPERTY INSURANCE LICENSE EXAM 2024 The law of large numbers is in fact a statistical concept based on? - correct answer Probability The law of large numbers is in fact a statistical concept based on probability. Generally the larger the sample population, what will the predictions of the sample be - more or less accurate? - correct answer More accurate. Insurance should always be treated as a contractual agreement. - correct answer True Who has the obligation to pay the policyholders designated beneficiary? - correct answer The insurer When a specific event occurs, the claim amount is always fixed, true or false? - correct answer True Professional insurance policies always do NOT use boiler plate languages, true or false? - correct answer False The insurer always has the right to specify the rules and conditions for the policyholder to follow. - correct answer True It is not nec