Pearson
andVUE
Exam
Property
Preparation
Insurance
Guide.pdf
General – Practice Questions
Pearson
andVUE
Exam
Property
Preparation
Insurance
Guide.pdf
General – Practice Questions and Exam Preparation Guide.pdf
Pearson VUE Property
Insurance General –
Practice Questions and
Exam Preparation Guide
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Pearson VUE Property Insurance General – Practice Questions
Pearson
andVUE
Exam
Property
Preparation
Insurance
Guide.pdf
General – Practice Questions
Pearson
andVUE
Exam
Property
Preparation
Insurance
Guide.pdf
General – Practice Questions and Exam Preparation Guide.pdf
,Pearson Vue_ Property Insurance General.pdf Pearson Vue_ Property Insurance General.pdf Pearson Vue_ Property Insurance General.pdf
Chance of loss or uncertainty of loss Risk
Chance of loss one accepts in the hope of realizing a Speculative Risk
gain
Chance of experiencing a loss without the possibility Pure Risk
of gain
The transfer of risk Insurance
The proximate cause of the loss Peril
Factor that increases the chance of a loss occurring Hazard
Tangible condition that makes the occurrence of a Physical Hazard
peril more likely
Carelessness or sloppiness Morale Hazard
Pearson Vue_ Property Insurance General.pdf Pearson Vue_ Property Insurance General.pdf Pearson Vue_ Property Insurance General.pdf
, Pearson Vue_ Property Insurance General.pdf Pearson Vue_ Property Insurance General.pdf Pearson Vue_ Property Insurance General.pdf
Deliberate act or disregard that causes or makes loss Moral Hazard
more likely to occur
Financial interest in the covered property Insurable Interest
To receive benefits, ________ need only exist at the time Insurable Interest
of the loss
Maximum the policy will pay for a loss Limit of Liability
Portion of loss insured must absorb before insurer Deductible
begins to pay
Transfer of a policy to a new policy owner Assignment
Termination of insurance coverage at the end of the Nonrenewal
existing policy
No reason needed for termination Nonrenewal
Pearson Vue_ Property Insurance General.pdf Pearson Vue_ Property Insurance General.pdf Pearson Vue_ Property Insurance General.pdf