4846952
Description
Quiz by Kaye Tiong, updated more than 1 year ago
|
Created by Kaye Tiong
about 8 years ago
|
|
Question 1
Question
The two catagories for risk are:
Answer
-
general risk, speculative risk
-
speculative risk, specific risk
-
ideal risk, pure risk
-
pure risk, speculative risk
Question 2
Question
Insurance addresses the issue of speculative risk.
Answer
- True
- False
Question 3
Question
In life insurance the insurable interest condition must exist:
Answer
-
at the time of application only
-
at the time of issue only
-
at time of loss only
-
none of the above
Question 4
Question
ABC Insurance Company is incorporated in the State of California. Therefore it would be correct to refer to this insurer as:
Answer
-
reciprocal
-
interexchange
-
domestic
-
mutual
Question 5
Question
ABC Insurance Company raises capital from investors. These investors share in the profits and losses of the insurer. This company would therefore be:
Answer
-
fraternal
-
assessment
-
mutual
-
stock
Want to create your own Quizzes for free with GoConqr? Learn more.