UCANPASS TEST BANK 2026 COMPLETE
QUESTIONS AND SOLUTIONS VERIFIED
RESULTS
●● A tornado that destroys property would be an example of which of
the following?.
Answer: A Peril
.. A peril is the cause off loss insured against in an insurance policy
●● An individual was involved in a head-on collision while driving
home one day. His injuries were not serious, and he recovered. however
he decided that in order to never be involved in another accident, he
would never drive or ride in a car again. which method of risk
management does this describe.
Answer: Avoidance
risk management by which a person tries to eliminate risk of loss by
avoiding any exposure
●● Which insurance principle states that if a policy allows for greater
compensation than the financial loss incurred, the insured may only
receive benefits for the amount lost?.
Answer: indemnity
QUESTIONS AND SOLUTIONS VERIFIED
RESULTS
●● A tornado that destroys property would be an example of which of
the following?.
Answer: A Peril
.. A peril is the cause off loss insured against in an insurance policy
●● An individual was involved in a head-on collision while driving
home one day. His injuries were not serious, and he recovered. however
he decided that in order to never be involved in another accident, he
would never drive or ride in a car again. which method of risk
management does this describe.
Answer: Avoidance
risk management by which a person tries to eliminate risk of loss by
avoiding any exposure
●● Which insurance principle states that if a policy allows for greater
compensation than the financial loss incurred, the insured may only
receive benefits for the amount lost?.
Answer: indemnity
