7191688
Beschreibung
Quiz von Matthew Grindstaff, aktualisiert more than 1 year ago
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Erstellt von Matthew Grindstaff
vor mehr als 7 Jahre
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Frage 1
Frage
Insurance is based on a mathematical principal called the Law of Large Numbers.
Antworten
- True
- False
Frage 2
Frage
What are the 3 Types of Risk?
Antworten
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Speculative
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Protective
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Pure
-
Insurable
Frage 3
Frage
When there is a chance of gain as well as a chance of loss.
Antworten
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Pure
-
Insurable
-
Speculative
Frage 4
Frage
Insurance is intended to protect against a chance of gain as well as a chance of loss..
Antworten
- True
- False
Frage 5
Frage
When there is a chance of loss only.
Antworten
-
Speculative
-
Pure
-
Insurable
Frage 6
Frage
All pure risk are insurable.
Antworten
- True
- False
Frage 7
Frage
One that an insurance company is willing to accept.
Antworten
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Insurable
-
Pure
-
speculative
Frage 8
Frage
Check all that apply that must be in place before its insurable.
Antworten
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The loss must be measurable.
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Low probability of loss occurring.
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The loss must be rigorous.
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Less than catastrophic results.
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The loss most be significant.
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