7191688
Descrição
Quiz por Matthew Grindstaff, atualizado more than 1 year ago
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Criado por Matthew Grindstaff
mais de 7 anos atrás
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Questão 1
Questão
Insurance is based on a mathematical principal called the Law of Large Numbers.
Responda
- True
- False
Questão 2
Questão
What are the 3 Types of Risk?
Responda
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Speculative
-
Protective
-
Pure
-
Insurable
Questão 3
Questão
When there is a chance of gain as well as a chance of loss.
Responda
-
Pure
-
Insurable
-
Speculative
Questão 4
Questão
Insurance is intended to protect against a chance of gain as well as a chance of loss..
Responda
- True
- False
Questão 5
Questão
When there is a chance of loss only.
Responda
-
Speculative
-
Pure
-
Insurable
Questão 6
Questão
All pure risk are insurable.
Responda
- True
- False
Questão 7
Questão
One that an insurance company is willing to accept.
Responda
-
Insurable
-
Pure
-
speculative
Questão 8
Questão
Check all that apply that must be in place before its insurable.
Responda
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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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