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Examen
Insurance Exam Practice Exam: Questions and Answers | Latest Version | 2025/2026 | Correct & Verified
NuevoInsurance Exam Practice Exam: 
Questions and Answers | Latest 
Version | 2025/2026 | Correct & Verified 
 
What is a premium in insurance terms? 
The amount paid to maintain insurance coverage 
 
Who is the insurer? 
The company that provides insurance protection 
 
Who is the insured? 
The person or entity covered by an insurance policy 
 
What does risk pooling mean? 
Combining many risks to reduce individual loss 
 
What is an insurance policy? 
A legal contract between insurer and insured 
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