KY Property & Casualty Insurance
Exam (2025) Exam Actual Exam (
Version) | Complete Questions
and Correct Answers with
Detailed Explanations| Verified
Answers
Save
Terms in this set (43)
,Faulty wiring in Hazard
a home is an
example of a:
a) loss
b) peril
c) risk
d) hazard
When a person Transfer
buys insurance
what method of
handling risk
has been
undertaken?
a) transfer
b) reduction
c) avoidance
d) retention
,In property and At the time of loss
casualty
insurance,
insurable
interest must
exist:
a) at the time a
change is made
to a policy
b) at the time of
policy
application
c) at the time of
loss
d) at the time of
policy
solicitation
, All of the Investing in the stock market
following
actions by a
person could
be described as
a risk avoidance
EXCEPT:
a) investing in
the stock
market
b) refusing to
scuba dive
c) never flying
in an airplane
d) taking a flu
shot each year
Exam (2025) Exam Actual Exam (
Version) | Complete Questions
and Correct Answers with
Detailed Explanations| Verified
Answers
Save
Terms in this set (43)
,Faulty wiring in Hazard
a home is an
example of a:
a) loss
b) peril
c) risk
d) hazard
When a person Transfer
buys insurance
what method of
handling risk
has been
undertaken?
a) transfer
b) reduction
c) avoidance
d) retention
,In property and At the time of loss
casualty
insurance,
insurable
interest must
exist:
a) at the time a
change is made
to a policy
b) at the time of
policy
application
c) at the time of
loss
d) at the time of
policy
solicitation
, All of the Investing in the stock market
following
actions by a
person could
be described as
a risk avoidance
EXCEPT:
a) investing in
the stock
market
b) refusing to
scuba dive
c) never flying
in an airplane
d) taking a flu
shot each year
