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A person's age at the time of a policy conversion is referred to as what?
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| When an agent handles the funds of an insured, the agent is acting in a ________ capacity? |
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| When an agent handles the funds of an insured, the agent is acting in a _______ capacity? |
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| In insurance, what is the process of evaluating a risk for the purpose of policy issurance? |
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| To purchase insurance on an employee, partner or a family member, the prospective owner must have an ________ _______. |
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| What is the chance of a loss occurring called? |
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| -What type of risk has the possibility for a loss, but no possibility for gain? |
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| The extent to which one may be affected by a peril is referred to as ____ _____. |
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| A cause of a loss is referred to as a _________. |
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| What increases the likelihood of a loss occurring? |
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| An applicant lying about his/her age represents what type of hazard? |
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| A person who shows indifference about taking proper care to minimize a loss represents what type of hazard? |
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| Removing ice from a sidewalk is an example of what kind of risk management? |
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| Self-Insurance is an example of what kind of risk management? |
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| The principal of insurance is an example of what kind of risk management? |
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| What is the contract agreement that removes the liablity from one party to another? |
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| Which principal state: When larger number of exposures is considered, the predictability of a loss improves? |
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| Who must sign the application, in addition to the applicant? A) employer B) Underwriter C) Agent D) Beneficiary |
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