Insurance Fundamentals Quiz

To help insureds regain their footing after a loss (correct)

To provide investment opportunities for insurers

To manage cash flow uncertainty in all situations

To eliminate the possibility of future losses

It reduces the influence of market fluctuations on cash flow

It eliminates all cash flow variations

It limits financial effects to deductible payments and amounts over policy limits (correct)

It guarantees a fixed amount of cash flow in all circumstances

Providing tax advantages (correct)

Reducing social burdens

Providing a source of investment funds for insurers

Encouraging loss control activities

<p>Operating costs for insurers and opportunity costs</p> Signup and view all the answers

<p>It helps insureds recover after a loss, reducing burdens on society</p> Signup and view all the answers

<p>It can lead to a false sense of security regarding losses</p> Signup and view all the answers

<p>To meet requirements relevant to job-related injuries for employers</p> Signup and view all the answers

<p>A buffer against losses covered under policy limits</p> Signup and view all the answers