Podcast
Questions and Answers
What is insurance the transfer of?
What is insurance the transfer of?
- Hazards
- Risk (correct)
- Perils
- Loss
What are the two types of risk?
What are the two types of risk?
- Big Risk & Small Risk
- Pure Risk & Speculative Risk (correct)
- Pure Risk & Unsafe Risk
- General Risk & Speculative Risk
What is a peril?
What is a peril?
- Uncertainty
- Hazard
- Loss
- Risk (correct)
Which of the following is NOT an example of a peril?
Which of the following is NOT an example of a peril?
Which one of the following is an example of a hazard?
Which one of the following is an example of a hazard?
What is an example of a moral hazard?
What is an example of a moral hazard?
Who owns certificate of authorization stock companies?
Who owns certificate of authorization stock companies?
What does a domestic insurer refer to?
What does a domestic insurer refer to?
Where are foreign insurers situated?
Where are foreign insurers situated?
What are the three types of agents of authority?
What are the three types of agents of authority?
What does consideration mean in a legal contract?
What does consideration mean in a legal contract?
Who does a competent party exclude?
Who does a competent party exclude?
Which term refers to unequal exchange?
Which term refers to unequal exchange?
What is meant by conditional in an insurance contract?
What is meant by conditional in an insurance contract?
Which definition describes the term representation best?
Which definition describes the term representation best?
Where can you not have an insurable interest?
Where can you not have an insurable interest?
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