USLI Fundamentals of Insurance
Ball state university
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USLI Fundamentals of Insurance STUDY GUIDE| QUESTIONS WITH COMPLETE SOLUTIONS
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--5November 20222022/2023A+Available in bundle
- Insurance industry is over 700 years old. 
True 
 
 
 
First type of Insurance: 
Marine Insurance 
 
 
 
Lloyd's of London is an insurance company. 
False 
 
 
 
Why was it important to the colonists of the new world to transfer the risks associated with the trade industry? 
Because they stood to loose everything with the loos of any one cargo
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