CLG 0010 DoD Governmentwide Commercial Card Exam Spring 2022(100% scored)
Bundle > Fundamentals of Insurance Tests Compilation Bundle
Fundamentals of Insurance Tests Compilation Bundle... [Show More]
Last updated: 3 years ago
Bundle contains 18 items
Business> EXAM > Fundamentals of Insurance - Practice Exam LATEST UPDATE (All)
The major function of insurance is: a. To reduce the cost of the losses b. To share the losses of the few among the many c. The safeguard the interest of mortgages d. To serve as a basis of existing c...
By Crum
EXAM
$10
0
Business> EXAM > HS 311 Fundamentals of Insurance Planning Study Guide (394 Study Questions with 100% Correct Answers) (All)
What is the definition of "risk"? - the possibility of loss. Types of hazards? - Physical, attitudinal (carelessness), and moral. How do insurance companies measure probabilities? - By observing large...
By Crum
EXAM
$12
0
Business> EXAM PROCTORED > Fundamentals of Insurance BC (All)
What is the major function of insurance? - to allow the spread of risk What are the five important functions of insurance? - 1) insurance is the shifting of financial responsibility for a loss 2) paym...
By Crum
EXAM PROCTORED
$8
0
Business> EXAM > Fundamentals of Insurance FINAL (End of Chapter Self-Examination Questions and Study Checklist) 301 Questions with 100% Correct Answers (All)
The major function of insurance is to achieve a spread of risk. Explain what is meant by spread of risk. - the major function of insurance is to share the losses of the few among the many What are the...
By Crum
EXAM
$12
0
Business> EXAM > Fundamentals Of Insurance (BC) (117 Questions wit 100% Correct Answers) (All)
Insurance plays an important role in managing financial risk. The main purpose of Insurance is to: A. Enable the consumer to obtain loan or mortgage. B. Provide employment and investment capital. C. A...
By Crum
EXAM
$12
0
Business> EXAM > Fundamentals of Insurance - Licensing Practice Exam 2 (All)
1. To "Bind a Risk" means: a. Having authority from the Insurer to put insuranc...b. Finding a company willing to give a quote on a risk c. Getting underwriting information from a client d. Automatica...
By Crum
EXAM
$12
0
Business> EXAM > Fundamentals of Insurance - Practice Exam (updated 2022) All answers are 100% Correct [DISTINCTION LEVEL] (All)
The major function of insurance is: a. To reduce the cost of the losses b. To share the losses of the few among the many c. The safeguard the interest of mortgages d. To serve as a basis of existing c...
By Crum
EXAM
$12
0
Business> EXAM > FUNDAMENTALS OF INSURANCE STUDY GUIDE (All)
RISK Correct Answer: IS THE CHANCE OF FINANCIAL LOSS PERIL Correct Answer: IS THE CAISE OF FINANCIAL LOSS FOR EXAMPLE- FIRE WATER AND EARTHQUAKE WHAT IS THE MAIN PURPOSE OF INSURANCE Correct A...
By Crum
EXAM
$10
0
Business> EXAM > Fundamentals of Insurance Chapter 3 QUESTIONS WITH COMPLETE SOLUTIONS (All)
What is the role of the federal Government when insurers receive federal licensing? Correct Answer: Licensing provided only to companies that can meet strict financial standards. Established by the o...
By Crum
EXAM
$8
0
Business> EXAM > Fundamentals of Insurance Planning - Final Exam 2022- QUESTIONS WITH COMPLETE SOLUTIONS (All)
What are the legal requirements of an insurance contract? Correct Answer: Offer and Acceptance Legal Competency of both parties Consideration is given Lawful Purpose What are the elements of an...
By Crum
EXAM
$12
0
Business> EXAM > Fundamentals of Insurance Practice Exam| 100 questions| with complete solutions (All)
The coverage limits on Homeowners Insurance Policies are determined after calculating the Replacement Cost of the dwelling building. Once this value is determined, the rest of the coverage limits are...
By Crum
EXAM
$12
0
Health Care> EXAM > Fundamentals of Insurance - Practice Exam 12- questions with complete solutions (All)
A building valued at $120,000 is insured for $30,000 and there is an 80% co-insurance clause on the policy. The building was totally destroyed by fire last weekend. The insured would receive a settlem...
By Crum
EXAM
$10
0
Business> EXAM > Fundamentals of Insurance Planning Practice Exam| QUESTIONS WITH COMPLETE SOLUTIONS (All)
A loss exposure is defined as: (A) a loss that might occur (B) an undesirable end result of a risk (C) the largest possible loss (D) the probability of a loss The answer is (A) by definition...
By Crum
EXAM
$13
0
Business> EXAM > USLI Fundamentals of Insurance STUDY GUIDE| QUESTIONS WITH COMPLETE SOLUTIONS (All)
Insurance industry is over 700 years old. True First type of Insurance: Marine Insurance Lloyd's of London is an insurance company. False Why was it important to the colonists...
By Crum
EXAM
$10
0
Business> EXAM > USLI Fundamentals of Insurance STUDY GUIDE| QUESTIONS WITH COMPLETE SOLUTIONS (All)
Insurance industry is over 700 years old. True First type of Insurance: Marine Insurance Lloyd's of London is an insurance company. False Why was it important to the colonists...
By Crum
EXAM
$10
0
Business> EXAM > USLI Fundamentals of Insurance STUDY GUIDE| QUESTIONS WITH COMPLETE SOLUTIONS (All)
Insurance industry is over 700 years old. True First type of Insurance: Marine Insurance Lloyd's of London is an insurance company. False Why was it important to the colonists...
By Crum
EXAM
$10
0
Business> EXAM > Fundamentals to Insurance| 404 QUESTIONS| WITH COMPLETE SOLUTIONS (All)
List the 5 functions of insurance: 1) Spread of risk 2) Basis of credit system 3) Eliminate worry and develop entrepreneurship 4) Loss reduction and prevention (road safety, alarms, etc.) 5) Empl...
By Crum
EXAM
$15
0
Business> EXAM > Chapter 1 - Fundamentals of Insurance QUESTIONS WITH COMPLETE SOLUTIONS (All)
Spread of Risk Correct Answer: - "The losses of few are shared among the many" - A large pot into which all insureds place their premiums - This pot provides for payment for the losses of those who...
By Crum
EXAM
$12
0
Uploaded On
Nov 05, 2022
Language
English
Type
Bundle
Number of Documents:
18
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