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TEXAS PROPERTY & CASUALTY INSURANCE, INSURANCE QUESTIONS AND ANSWERS 2024TEXAS PROPERTY & CASUALTY INSURANCE, INSURANCE QUESTIONS AND ANSWERS 2024

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The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - Answer- B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void - Answer- A In the business...

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TEXAS PROPERTY AND CASUALTY EXAM PREP

Texas Property & Casualty Insurance Exam (Updated) Questions & Answers Solved 100% Correct!!

Texas Property & Casualty Insurance Exam Questions And Answers A condition or situation that presents a possibility of loss is a (an): - ANS exposure The purpose of insurance is to: - ANS transfer risk Which hazard can be described as a careless attitude or general indifference on the part of the insured toward the occurrence of loss? - ANS morale Which risk is insurable? - ANS pure With regard to insurance, risk can be defined as: - ANS uncertainty regarding los...

TEXAS PROPERTY TEXAS PROPERTY & CASUALTY INSURANCE, INSURANCE QUESTIONS AND ANSWERS