STATE FARM INSURANCE ACCURATE 100%

What transfers the risk of loss from an individual or business entity to an insurance company - ANSWER Insurance The uncertainty of a risk or loss occurring - ANSWER risk A risk that can only result in a loss or no change with no opportunity for financial gain - ANSWER pure risk A risk that allows an opportunity for loss or gain (such as gambling) - ANSWER speculative risk CONDITIONS or SITUATIONS that increase the chance of a loss occurring (such as lifestyle, health conditions, scuba diving, sky diving) - ANSWER hazards The CAUSES of loss...(like fire, explosion, windstorm, flood, theft, collision) - ANSWER perils insurance for an untimely death (died from heart attack) - ANSWER life insurance insurance for sickness or accidental injury (got cancer or broken